Goold Estates, the commercial property management, investment and development company based in Walsall, have purchased the former Redmill Snack Foods Site in Wednesbury for £1.79 million from Tayto Group, the third largest snack manufacturer in the UK, owner of Golden Wonder and Mr Porky.
Goold Estates have already commenced a comprehensive refurbishment and reconfiguration of this 130,000 sq ft, 6 acre estate which has been vacant since 2011 when Tayto moved production to Corby.
Dominic Goold, Managing Director of Goold Estates explained: “There is currently a significant shortage of quality small industrial units in the area and we have been looking for an opportunity like this to satisfy the strong demand.
We have already commenced works on site which will include some selective demolition to open up the estate and improve circulation necessary for a multi-let estate. The first phase of units on the renamed Red Mill Trading Estate will be available from the end of October providing quality light industrial and warehouse units from 2,500 sq ft up to 15,000 sq ft.
As with our other projects we will be providing a high quality product to include: brick and steel clad elevations, steel portal frame construction, new level access doors, new DDA compliant toilet pods, LED Flow bay lighting, Epoxy resin concrete floors as well as a comprehensive CCTV system for the estate including automatic number plate recognition. There is also a large electrical capacity available for the larger units for occupiers that need it.
There is already interest in the units at the front of the estate, with main road frontage, from trade counter operators. The estate’s location close to the M6 and Black Country New Road will also be beneficial to occupiers.”
Colliers International represented Tayto whilst Goold Estates represented themselves.