An office and warehouse building with a self-contained yard on a 0.7 acre site in Nechells has been sold by commercial property agents Siddall Jones.
The site at 5 St Clements Road, Nechells, Birmingham, has been acquired by Shield Environmental Services for £820,000. The buildings on the site have a gross internal area of 8.060 sq ft, and the investment is part vacant and part income producing.
Siddall Jones had placed the property on the market for offers based on £800,000 to purchase, or to rent at £60,000 per annum.
Associate director Ryan Lynch said: “We acted on behalf of KCT Logistics in disposing of the asset, and the site generated significant interest, resulting in the sale achieving over the asking price.”
He said the location of the property had proved popular, with the site fronting St Clements Road close to its junction with Nechells Place and the nearby A38 (M) Aston Expressway providing direct access to the M6 and the national motorway network.
“Demand for well situated industrial stock is strong in West Midlands and we are keen to talk to any other owner/occupiers seeking to move or relocate in the area.”
The deal follows the recent sale of a small industrial estate in Sydenham Road, Birmingham, for a price close to £1 million.