A Black Country warehouse has been sold for more than £1.25 million to a self-storage business looking to develop its offering within the Midlands.
Harris Lamb was instructed to sell the Sun Works building on Sun Street in Quarry Bank, and reported high levels of interest in the 43,000 sq ft site from potential buyers.
Charles D’Auncey, Director of the business’ Agency team, said: “The well documented shortage of industrial stock in the region meant that we very quickly had a lot of enquiries about the site.
“Its location, a highly prominent site at the junction of Quarry Bank and Merry Hill Road close to Merry Hill shopping centre meant it offered fantastic logistics links and with the site being suitable for a number of uses, subject to planning, interest was not limited to manufacturers and distributors.
“Within a few weeks, we put out a call for best bids, with Safestore paying in excess of the £1.25m asking price to secure the premises,” he said.
He said that Safestore, which currently operates 119 UK-wide locations, planned to convert the warehouse into a storage solution to enable businesses, students and households to keep valuables and belongings in secure, CCTV-protected units until they are required, on a short or long-term basis
Charles added: “The business wanted to expand the number of storage opportunities within the West Midlands. The easy-to-reach location made Sun Works a perfect site for a prime Black Country operation.”