Wolverhampton industrial unit sold to local road resurfacing company
Agents at Harris Lamb have facilitated the sale of a Wolverhampton industrial freehold to a local road resurfacing company.
Representing Lichfield Fire & Safety, the firm sold the freehold of Unit 8 Calibre Industrial Estate in Four Ashes to Spray Tanker Services for £1.4m.
The 12,357 sq ft unit, includes a warehouse with 7.5-metre eaves, two electric roller shutter doors, office space, a gated yard and 26 parking spaces.
Spray Tanker Services provides a sub-contracting service for road surface dressing and road sweeping and has become the contractor of choice for several local authorities and major contractors, with a network of UK bases.
Neil Slade, who oversaw the deal, said: “This was a rare industrial freehold which garnered high-interest levels due to its high specification and excellent location. Positioned on Laches Close off Station Road, the property provided convenient access to the national motorway network, with both the M6 and M54 lying within three miles of the building.
“The quality of the property alongside the secure, gated yard made this an ideal solution for Spray Tanker Services and their growing business. Freehold opportunities of this nature were extremely scarce within the region, so the purchaser acted quickly to secure the property against strong underbid interest.
“We are fielding an increasing number of enquiries from would-be owner-occupiers seeking opportunities to purchase freehold properties within the West Midlands, but these remain few and far between. As with this opportunity, the successful purchaser is always aware of the amount of competition for the property and moves as swiftly as possible to claim it as their own.”
