71,000 sq ft warehouse brought to market in Black Country

The warehouse site in Parsonage Street, Oldbury

A 71,000 sq ft industrial unit in the Black Country is being brought to the market with demand for such space in the area approaching an all-time high.

Property consultancy Lambert Smith Hampton (LSH) has been appointed to market the unit in Parsonage Street, Oldbury.

The firm said it was anticipating high levels of interest due to the current shortage of available industrial and logistics units in the West Midlands.

The vacant warehouse sits on a 6.4 acre site and is available for a new tenant on a leasehold basis.

Harry Lea, a surveyor in the industrial agency team at LSH in Birmingham, said the property offered a rare opportunity in the region to acquire a warehouse unit with a large yard, which could accommodate HGV parking, and also benefited from good access to the motorway network.

“Given the severe shortage of industrial and warehouse units in the region with sufficient yard area for occupiers, bringing this warehouse to market is a real shot in the arm for the area,” said Mr Lea.

“It provides a potential occupier with a very strong base from which to operate a successful business.

“It is a great unit in an ideal location, given the transport links, for potential occupiers working within the logistics and distribution sector.”

The property, situated just 1.5 miles from Junction 1 and 2 of the M5,  compromises six loading docks, a 54,666 sq ft warehouse, a 14,621 sq ft loading tunnel with canopy and 1,759 sq ft of office space over two storeys.