An international food producer is set to boost the local economy after buying a £3.7m site on a prime Somerset business park.
Jardox Limited has purchased the production and distribution facility together with adjacent development land in Wincanton through regional property consultancy Myddelton & Major. They will be working on the building to start production over the next 12 months.
Myddelton & Major successfully negotiated the sale of the 47,008 sq ft premises and 4.1 acres of expansion land at Wincanton Business Park.
It is Myddelton & Major’s second multi-million pound deal for a property of this size in less than a month following its sale of warehouse premises valued at almost £4.5m at High Post Business Park near Salisbury.
Dean Speer, a partner at Myddelton & Major, said: “Wincanton has a distinguished history in food production so it is superb to see that continue with the arrival of Jardox.
“It will bring a well-known site back into use and deliver a significant boost to the local economy with substantial numbers of jobs and opportunities in the local supply chain.”
Dean added: “This is our second multi-million pound sale of commercial units of this size in a month and is one of the biggest deals in the region for some years.
“It demonstrates our track record in sales of large freeholds and is a further indication of economic growth gathering pace with demand for units of all sizes continuing to rise.
“The sales underline the strategic value of high quality second-hand warehousing space in the market today.
“Such opportunities have become increasingly rare in Southern England as second hand stock rapidly disappears so there’s no time to delay acquiring the remaining space at such locations.”
Jardox is based in Kent. It produces savoury food ingredients for retailers and food manufacturers, both branded and own label.
The guide price for the freehold of the 47,008 sq ft production and distribution facility was £2.5 million plus £1.2 million for the 4.1 acres of expansion land at the site in Saxon Way.
The self-contained site includes 70 car parking spaces, with loading bays and room for lorries to park.
Wincanton has an established history in the transport industry and in food production.
Leading companies in the town include Dairycrest and Wyke Farms.
Jardox join a range of industrial and warehouse occupiers at the business park, including Roachford Garden Machinery, Marcus Products Ltd, Kellaway Building Products
and Armishaw Removals.
Wincanton Business Park is located immediately opposite the A303 junction with easy access to this major trunk route.
