Builders merchant nails down Dudley site in £1.3m deal

Travis Perkins has acquired the freehold of its Peartree Lane premises in Dudley in a £1.3m deal, securing its long-term presence in the area.

Previously leasing the site from Birmingham-based Wesleyan Assurance Society, Travis Perkins opted to purchase the roadside warehouse.

The site spans one acre and includes a 15,953 sq ft warehouse alongside a 13,993 sq ft yard.

MK2 Real Estate was instructed to sell the asset, with Mark Rooke.

Travis Perkins, which operates more than 550 branches across the UK, had been on a 25-year lease at Peartree Lane, due to expire in 2026.

Mark Rooke, a director in MK2’s investment team said: “With Travis Perkins’ lease approaching expiry it was a good time for Wesleyan to sell the asset and an opportunity for the tenant to purchase the freehold, securing its continued occupation at a key trading site.”