Birmingham warehouse sold for £1.5m to mystery buyer

Commercial agents at Harris Lamb have sold a warehouse in Birmingham for more than £1.5m, to an anonymous buyer.

The 12,000 sq ft industrial space on Brickfield Road is set within the Hay Mills Industrial area and comprises a detached warehouse unit with a 6.9m Eaves height, a level access door, ground floor office accommodation and an additional mezzanine floor extending to approximately 3,472 sq ft. It’s located on a secure gated site with a substantial yard area offering the potential for future expansion.

Thomas Morley, who oversaw the sale for Harris Lamb said: “There is a chronic lack of modern industrial units within the region, particularly when it comes to opportunities available for purchase, which, combined with the specification of, and potential for, this building, led to so many offers that we took the unusual step of inviting tenders for the property on behalf of the seller. Having studied all bids, the seller picked the unidentified successful buyer, with the property being secured for above the guide price of £1.5 million.”

The property is now being fitted out by the new owner.