Fully let trading estate sold for £1.9m

Goold Estate has completed the £1.975m sale of Gatehouse Trading Estate on Lichfield Road in Brownhills to a private investor.

The 16,396 sq ft estate is fully let and comprises 31 units in various terraces. 16 units have previously been sold off to owner occupiers, as well as six compounds, a residential gatehouse and communal parking.

Gatehouse Trading Estate had been owned by Goold Estates since 2010 and made improvements such as electric gates, CCTV, new estate lighting and a resurfaced access road.

Anthony Williams, property director at Goold Estates, said: “Gatehouse Trading Estate has proven to be a popular and well let estate during our 12 years of ownership, with many valued long-term tenants. However, we felt it was time to sell the estate and focus our resources on new and larger development and investment opportunities.”

Andy Price, director of AP Investment, who acted on behalf of Goold Estates, said: “The estate generated a lot of investor interest, showing the depth of the industrial investment market at present. The well let nature of the estate attracted both local and national property companies.”

Jones Valerio acted for the purchaser.