Rushton Hickman has sold a vacant industrial property to a local investor.
The warehouse premises consists of 7,402 sq ft of space with an external yard area of 0.26 acres and is situated in a prominent position on the B5017 (Shobnall Road), which allows access to Burton upon Trent town centre and is within two miles of the A38 trunk road.
The property was originally home to a multi-disciplinary contractor, but since it became vacant, the owner was advised on how to proceed, allowing for maximum return without capital expenditure.
Taylor Millington, senior surveyor at Rushton Hickman, who brokered the deal, said: “Although the premises required a lot of internal and external works, this was a rare opportunity to acquire industrial space in Burton upon Trent.
“Upon marketing we received a lot of interest from investors and owner occupiers looking at the site for income and development purposes. The successful sale of this property highlights that the industrial market in Burton and the surrounding areas continues to be strong.”
The purchaser, Aden Woodward, director of Woodward Property (Midlands) Limited, said: “The property in now undergoing renovation and we will either use it for our Woodward Group HQ or look to lease the property. We will be sure to use the Rushton Hickman team to either lease our existing building or this new unit.”
