£1.65m investment deal for industrial site
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A one-acre industrial site in Redditch has been acquired for £1.65m.
The detached 20,700 sq ft warehouse at Unit 46, Heming Road, on the Washford Estate, is home to one of the region’s longest-established companies and has been bought by an unnamed investor.
Bromwich Hardy founding partner Tom Bromwich said the acquisition was an excellent investment for his client and further proof that the market remained strong for the right properties.
“Washford is one of Redditch’s premier industrial estates and the location close to the M42 and right at the heart of the nation’s transport network could hardly be better.
“The site is home to a first-class business in Entaco Limited, a UK based manufacturing firm established over 300 years ago which operates across the medical, upholstery and fishing sectors.
“Redditch itself has an enviable reputation for its manufacturing heritage and highly-skilled workforce and is home to a raft of major companies, with demand for space currently greatly outstripping supply.
“The area as a whole remains an excellent proposition for investors with lots of positive factors in its favour. This was a first-rate opportunity which our client was delighted to have secured.”