A West Midlands business park of 20 units is fully occupied following the completion of two lettings, commercial property consultancy Burley Browne has announced.
The success follows a thorough review of the park’s management, bringing consistency and organisation to how it is managed, including service charges and outstanding rents, lease renewals and alignment of rent levels.
Sutton Coldfield-based Burley Browne successfully concluded negotiations to let units two and 12 at Tame Valley Business Centre, Wilnecote, Tamworth.
A three-year lease has been agreed with Cooleraid Ltd on unit two. The property extends to 1,000 sq ft of warehouse space and was the last remaining unit on the estate. It follows soon after terms were agreed for unit 12 with K Fleet Services on a five-year lease.
Faryal Sheikh, senior surveyor, said: “Our success at Tame Valley Business Centre is testimony to the active management role we have played. As well as the two latest deals setting the rental tone, I have undertaken a large and valued management exercise to bring consistency and organisation to how the park is managed.
“We have sorted out the service charges and outstanding rents, while handling lease renewals to provide lease term certainty and aligning rental levels with the new lettings.”
Ben Nicholson, senior associate director, said: “This is a very popular business park and we are delighted to announce that it is now fully let after we were able to find occupiers for the final two available units.
“These deals reinforce the continued high level of demand for this style of property which remains in short supply right across the region.”
Burley Browne provides a range of services for the owners of the business park. These management services include rent collection, day-to-day liaison with tenants, dealing with property and lease related matters, maintenance of the buildings and landlord managed areas, plus management and administration of the service charges.
Senior surveyor Faryal Sheikh said: “This is a great example of where Burley Browne is working closely across all our departments, going above and beyond to deliver the very best service. The owner of the estate is a retained client who is utilising all service lines including agency, management and lease and tenant.”
