Final chunk of former boat building factory sold in multi-million deal

THE final portion of luxury boat builder Sealine’s former factory in Kidderminster has been sold in an undisclosed deal.

Worcestershire property firm Harris Lamb completed the deal with local investment company, Metropolitan Estates. The 100,000 sq ft plot was being marketed for £2.25m.

The intention – as with the other two portions of the factory – is to remain the premises for manufacturing firms as the sector continues to thrive within the area.
 
The well-known Whitehouse Road site was a landmark in the town for more than 40 years before  Sealine went into administration in April 2013, with Harris Lamb being instructed by administrators to sell the site, which was marketed as a whole or as three separate parts.
 
Harris Lamb sold two portions of the site last year to fibreglass products and components manufacturer Quantum Mouldings and refuse and recycling vehicle specialist NTM respectively.

A family-run Black Country-based business, Metropolitan Estates has a background trading within the steel stockholding industry, and has now diversified into the manufacturing and property sectors.
 
Charles D’Auncey (left), director at Harris Lamb, oversaw the sale and said: “I’m delighted that the final part of this historic site has now been sold to such an investor. The business comes from an established manufacturing background and recognises the strong position that the Midlands is in when it comes to the revival of the sector.”
 
Comprising of a high-bay warehouse with ancillary offices, gantry cranes and a power supply, the lot was marketed as being best-suited to a large-scale manufacturer requiring extensive space and excellent UK transport links.
 
“Hopefully the purchase will lead to a single large business or a number of smaller companies leasing space within the premises, creating more jobs in the area and helping to further cement the region as a prime manufacturing hub,” added Mr D’Auncey.
 
“When Sealine went into administration three years ago, around 300 people were made redundant so it is hoped that thanks to continued investment, these jobs will now be redistributed.
 
“This sale is a great opportunity for both the region and the manufacturing sector as a whole, and can hopefully lead to a positive future after the sad demise of a respected local business.”