Developer wins battle for industrial development site
A Redditch developer has won a bidding war to acquire a 1.18 acre Kidderminster development site.
EDR Developments has purchased the site on Parker Place for £455,000 and will be applying for planning consent for a factory/warehouse of around 20,000 sq ft.
Parker Place is located within an established industrial estate to the south of Kidderminster, just off the main A451 which runs between Kidderminster and Stourport-on-Severn.
The recently-opened link road through the nearby Silverwoods site now links the A451 to the A449 Worcester Road, avoiding town centre congestion.
Ben Truslove, joint managing director of property agent John Truslove, said: “Interest in this site was strong from the outset and so there was considerable competition to secure it. By being proactive and on the case on behalf of our client, we are successful in securing it.”
The site is already cleared for construction on the granting of planning permission, and John Truslove will be marketing both freehold and leasehold options on the completed unit which is scheduled for delivery mid-2021.
EDR Developments was represented by Andrew Jones of law firm Wright Hassall, and the seller was advised by Jim Roberts of Paarl Property, with legal advice from Trudie Nicholas of solicitors TA Matthews.