Four rare industrial units recently put up for sale in the Black Country are attracting strong interest from the south-east after marketing by joint agents Bulleys and Michael Johnson & Co.
The properties are Units 8, 9, 10 and 11 on the Cleton Business Park on Cleton Street in Tipton, which are available together, in parts or individually with prices starting at £445,000 for self-contained, refurbished units with their own dedicated car parking and yard area.
The space available starts at 5,202 sq ft in Unit 10 and goes up to 6,928 sq ft in Unit 11, with Units 8 and 9 offering 5,941 sq ft and 6,144 sq ft respectively.
Max Shelley, associate at Bulleys, said: “These smart, modern units available on Cleton Business Park represent very rare opportunities for expanding businesses as there are so few quality industrial properties available in the current market.
“Within a week of being put up for sale we had four viewings, with particularly strong demand coming from businesses in the south east.
“This reflects the competitive differences in property prices between the West Midlands and the south-east, and we’re confident that the units will be quickly acquired – either together, in parts or as single properties.”
Cleton Business Park is situated just off the A457 Tipton Road, around three miles from Junctions 1 and 2 of the M5 motorway, and all units have car parking spaces and loading areas to the rear.
Chris Jones, asset manager at property investors Kindale, which currently owns the units, said: “We’ve been very encouraged by the initial interest and are looking forward to negotiating the sales of these modern units.
“We know that properties of this quality that are based so close to the national motorway network are going to be very popular, and so we’re happy to make sure we attract maximum viewings to ensure we find the right buyers.”