Harris Lamb has sold the final portion of the former Sealine site in Kidderminster to a local investment company with the intention of letting the premises to manufacturing firms as the sector continues to thrive within the region.
The well-known Whitehouse Road site was a landmark in the town for more than 40 years before luxury boat builder Sealine went into administration in April 2013, with Harris Lamb being instructed by administrators to sell the site, which was marketed as a whole or as three separate parts.
Harris Lamb sold two portions of the site last year to Quantum Mouldings and NTM respectively, and the final 100,000sq ft lot, marketed at £2.25million, has this week been sold to Metropolitan Estates.
A family-run Black Country-based business, Metropolitan Estates has a background trading within the steel stockholding industry, and has now diversified into the manufacturing and property sectors.
Charles D’Auncey, Director at Harris Lamb, oversaw the sale and said: “I’m delighted that the final part of this historic site has now been sold to such an investor. The business comes from an established manufacturing background and recognises the strong position that the Midlands is in when it comes to the revival of the sector.”
Comprising of a high-bay warehouse with ancillary offices, gantry cranes and a power supply, the lot was marketed as being best-suited to a large-scale manufacturer requiring extensive space and excellent UK transport links.
Charles added: “Hopefully the purchase will lead to a single large business or a number of smaller companies leasing space within the premises, creating more jobs in the area and helping to further cement the region as a prime manufacturing hub.
“When Sealine went into administration three years go, around 300 people were made redundant so it is hoped that thanks to continued investment, these jobs will now be redistributed.
“This sale is a great opportunity for both the region and the manufacturing sector as a whole, and can hopefully lead to a positive future after the sad demise of a respected local business,” he added.