Hat-trick of sales for commercial property consultancy

Burley Browne has completed a hat-trick of sales of industrial and retail properties in the region.

The commercial property consultancy has agreed sales on a standalone 7,300 sq ft detached building, with two-storey offices, at the former Beacon Woodcraft premises on Queen Street, Walsall, and a detached warehouse/workshop, of 11,600 sq ft with two-storey offices, known as Agalod House, on Leamore Lane in Bloxwich.

Ben Nicholson, senior associate director said: “These two industrial premises presented the rare opportunity of acquiring freeholds in popular locations on well-established commercial estates.

“We experienced a substantial level of enquiries for both opportunities resulting in competing bids being submitted. A best and final bids process was required on Queen Street due to the high level of offers, a number of which were well in excess of the asking price.”
 
Similarly, the marketing of 221–223 Hawthorn Road in Kingstanding, which comprises a well presented retail investment, received such strong interest that an offer deadline was set only two weeks after going to market. 
 
Director David Hemming said: “Despite the challenges that are being faced in the wider economy, the level of interest that we continue to receive for good quality freehold premises across all sectors demonstrates that property remains a safe and sensible haven for investors.”