New owner for mixed-use scheme

A mixed-use development with more than 35 tenants has been sold off-market to a private investor in a £2.1m deal.

The 5.2-acre site at Norton Canes Docks, Pelsall, includes offices, retail units, industrial units, a timber yard, petrol station, and vacant land suitable for further development.

It has a total gross rental income of approximately £280,000 a year.

Ben Nicholson, senior associate director at Burley Browne, said: “We are delighted to have assisted our client with the disposal of this site, having agreed terms off market for this rare opportunity.

“It is in a great position, with excellent potential and very good income. The site is currently fully occupied and presently boasts over 35 occupational tenants, which reinforces the popularity of the location.”

The wider locality has been subject to extensive redevelopment with improved road links via the M6 Toll Road/A5/A34 and has also seen significant development over recent times with the extension to the Orbital retail area, Kingswood Lakeside Industrial scheme and the West Midlands Designer Outlet.