Ten-unit warehouse scheme sold in £5.7m deal

Tungsten Properties, the industrial and warehouse developers, has sold all 10 units at development Bilton Way in Lutterworth, Leicestershire to a variety of private investors and owner occupiers in a deal worth over £5.7m.

The units have all been sold to companies which include County Ceramic Tiles and Bathrooms, MED Engineering and Media Duplication. Screwfix has also taken a lease on a unit which has then sold to an investor, which has resulted in all unit sales now completed.

Tungsten Park is in close to M1 junction 20. The units range from 2,500 sq ft to 4,000 sq ft.

Jenny Clarke, associate development director, Tungsten Properties said: “All units were under offer before they were practically completed which demonstrated the current high demand in the area for small trade and industrial units by both businesses needing expansion space and property investors looking for well-built units with strong covenants. It is great to have completed another project to create jobs and opportunity and return to our investors.”

Philips Sutton and Wells McFarlane acted on behalf of Tungsten Properties.