Black Country business park set for refurb after takeover

A Black Country industrial estate is set to be refurbished to make it more appealing to new tenants.

Tilstone Investments purchased the 17-unit Oldbury Point site, in Rood End Road, last month with the plan to invest in the asset.

The site occupies a total area of approximately 100,000 sq ft, with the units ranging in size from 5,000 sq ft to 20,000 sq ft.

The new owner’s plan is to restore the void units to improve their commercial viability, in what is a high demand sector.

Tilstone has appointed Harris Lamb to market the properties.

Neil Slade, director, Harris Lamb, said: “Oldbury Point has always been a very popular estate but will benefit from an injection of capital investment. Tilstone has recognised the potential for the site and following their purchase, are now investing into site-wide improvements.

“Once complete, we are confident that the void properties will become an attractive proposition and that businesses will once again turn to the estate as a welcome solution to the shortage of suitable industrial premises within the Black Country.”
 
The largest of the properties has already attracted considerable interest from potential tenants.

Harry Ingham, of Tilstone, said: “We are delighted to have had such an enthusiastic response to our planned regeneration of Oldbury Point and that our agents have already reported strong interest from prospective tenants ahead of our planned refurbishment.”
 
Paul Makin, Investment Partner at Tilstone, added: “We recognised the site as a worthwhile investment and we are committed to restoring this estate to its full potential, thereby helping to further fulfil the on-going demand for industrial stock within the region.”
 
Harris Lamb has been instructed alongside joint agents Bulleys and Savills.

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