Industrial site acquired by environmental services group

An office and warehouse building with a self-contained yard in Nechells, Birmingham has been sold.

The site at 5 St Clements Road has been acquired by Shield Environmental Services for £820,000.

Siddall Jones had placed the property on the market for offers based on £800,000 to purchase, or to rent at £60,000 a year.

Associate director Ryan Lynch said: “We acted on behalf of KCT Logistics in disposing of the asset, and the site generated significant interest, resulting in the sale achieving over the asking price.”

He said the location of the property had proved popular, with the site fronting St Clements Road close to its junction with Nechells Place and the nearby A38 (M) Aston Expressway providing direct access to the M6 and the national motorway network.

“Demand for well situated industrial stock is strong in West Midlands and we are keen to talk to any other owner/occupiers seeking to move or relocate in the area.”

The deal follows the recent sale of a small industrial estate in Sydenham Road, Birmingham, for a price close to £1m.