Andrew Dixon & Company report the completion of the largest investment acquisition in recent years.  The Amethyst development at Stafford Park 10, built in 2004 as an Enterprise Zone scheme and comprising a terrace of three industrial units totally 107,706 square feet, has been acquired for a local investor.  With two let units producing £241,300 per annum, the investment is completed with a third unit that is currently vacant.  The available space, which extends to 34,600 square feet, will be marketed on a 'to let' basis.  The high specification property is suitable for a range of warehouse and logistics uses, benefiting from a 10m eaves clearance and dock leveller access.

Nicholas Dixon, who handled the negotiations and who will be marketing the vacant unit commented, "This development is probably the best specification property available in Telford, built to a very high standard.  My client is flexible in his aspirations and will consider short term occupation as well as long term requirements.  This acquisition complements our earlier deal acquiring the neighbouring 25,000 square feet, the first phase of the scheme."

Andrew Dixon & Company announce the sale of an industrial warehouse unit extending to approximately 15,880 square feet on 1.2 acres known as Unit B, Halesfield 14, Telford.  The detached production unit, formerly occupied by Triad Windows, was built by Telford Development Corporation in the 1970's and has been sold to an adjoining occupier who are extending their on-site storage and distribution facility.  The property was marketed at an asking price of £500,000.

Nicholas Dixon, who handled the sale said 'The property was well received by the market, even in these challenging times, and a successful transaction negotiated with a neighbouring business which will now be able to take advantage of a larger, secure site providing additional storage space.

Acting on behalf of Longford Investments Limited, Andrew Dixon & Company is pleased to announce the completion of the sale of Longford Trade Park in Cannock.  The 8.5 acre site was on the market for some time as a potential retail park and a sale was eventually agreed to the adjoining owner, Finning UK - a subsidiary of Caterpillar, at a purchase price reflecting the future retail development potential of the site.

John Crawford of DTZ Debenham Tie Leung acted for the tenant.

Acting on behalf of Namulas Pension Trustees Limited, Andrew Dixon & Company report the letting of the former Aero Garage at Chetwynd End in Newport, Shropshire.  The property, which consists of a second-hand vehicle dealership extending to approximately 5,306 square feet (GIA) overall, with accommodation including showroom, shop, stores, repair facilities and car parking on a site of approximately 0.42 acres, has been let to TFM Farm & Country Superstore Limited for a term of 12 years.  The property will be refitted and operated by the company as an agricultural supplies business.

Andrew Dixon, who handled the transaction, commented "There was considerable interest in the property for a variety of retail and commercial uses, and we wish TFM all the very best for the future."

In a sign of continued improvement in both occupier and investor properly markets, SPIJL - the property company that originates from Wolverhampton - has acquired an industrial holding at Hortonwood in Telford.  Hortonwood 40 comprises a 64,944 square foot industrial unit that was formally marketed by Andrew Dixon & Company earlier this year following the decision by Toyota Tsusho UK Limited to dispose of their freehold interest.

Subsequent to the sale, the property was let by Andrew Dixon & Company to Wrap Film Systems Limited on a new 10 year lease, augmenting Wrap Film's presence on Hortonwood where they have occupied a 125,000 square foot unit since 2004.

Andrew Dixon commented, "The sale attracted a diverse range of potential purchasers.  Of particular interest was the depth and variety of purchaser, which extended from owner occupier to property company.  Wrap Film's occupational requirements were a factor of the sale process and it is pleasing to see their expansion in Telford.  Finance is always a determining factor in identifying the appropriate purchaser and a sale to a well financed property company in this market is worth noting."

Andrew Dixon & Company represented the vendor, Toyota Tsusho UK Limited and Henderson Herd represented SPIJL.

Andrew Dixon & Company has acquired, on behalf of retained clients, two industrial investments destined for a London auction.  The two properties, each extending to approximately 6,000 square feet on Stafford Park 12 and fully let producing a rental income of £43,000 per annum, were acquired following negotiations prior to the auction for an undisclosed price.

Nicholas Dixon, who handled the transaction, commented "When we became aware of the two properties coming onto the market we approached an existing client who owned the adjoining buildings, who was more than happy to complete the acquisition and add to his extensive portfolio.  The buildings were inspected in the following 24 hours, with the contract signed and the matter exchanged within a further two days."

Andrew Dixon & Company reports the sale of a large production warehouse unit on Hortonwood.  The property, originally constructed by Telford Development Corporation, is a complete terrace of six units extending to 44,478 square feet and was offered following the relocation of a manufacturing concern.  It has now been divided into two separate entities for owner occupation.

Golding Products Limited of Hortonwood 33 have acquired approximately 25,000 square feet for the expansion of their successful manufacturing business, and Autocraft (Telford) Limited are to relocate their substantial vehicle body repair operation into approximately 20,000 square feet from elsewhere in Telford.

Nicholas Dixon commented, "In this challenging marketplace we are pleased to have achieved a sale for our client, and the division of the property has enabled us to complete both transactions at attractive prices."

Andrew Dixon & Company reports the sale of a modern industrial warehouse building extending to approximately 18,000 square feet on a site of 1.4 acres on behalf of Midland Safes.  The property was made available due to the retirement of the company's principals and the closure of the business, with Andrew Dixon & Company putting the building under offer within a short marketing period off an asking price of £700,000.

Thermserve Limited of Halesfield 11 have acquired the freehold property for their own occupation and the expansion of their existing business.  The building, which is less than ten years old, incorporates two storey integral offices together with a clear span production area, car parking and a large yard.  In addition there is an area of expansion land to the rear.

Nicholas Dixon, who handled the transaction, commented "This brings to a conclusion the disposal of the Midland Safes portfolio, following the successful sale of the adjoining 9,000 square foot unit.  Both properties have been purchased by expanding manufacturing companies, which is certainly good news for Telford and, indeed, Halesfield where further significant deals are in the pipeline."

Andrew Dixon & Company confirms the sale of freehold premises in the Halesfield area.  Unit 2, Shropshire Court, formerly occupied by Midland Safes and extending to approximately 9,000 square feet with a secure yard, has been snapped up by Telford Plastics, who are relocating from elsewhere on Halesfield to expand their current business.  The building was marketed at £400,000.

Nicholas Dixon, who handled the sale, commented " The sale of this building demonstrated that quality buildings, wherever they are located in Telford, will find a suitable purchaser.  Unit 2, Shropshire Court fulfills the exact space requirement for a locally based manufacturer, and at the same time we have achieved an excellent sale price for the vendor who is retiring."

Andrew Dixon & Company report the sale of the former Motorhouse 2000 site at Walkmill Lane in Cannock to Northgate Plc for owner occupation. The new owners intend to utilise the facility for their vehicle hire business trading under the name of Northgate Vehicle Hire Limited, being the UK's largest van hire company.

The property, which comprises a secure site of approximately 5.7 acres including a car showroom of 15,099 square feet, was let to Motorhouse 2000 for a term of 10 years.  Andrew Dixon & Company originally acted for the tenant in exercising their option to break the lease, including negotiating a substantial dilapidations settlement with the landlord, AXA Real Estate.  Subsequently acting on behalf of AXA Real Estate, Andrew Dixon & Company placed the property on the market on a freehold basis with vacant possession for offers in the region of £2.5 million and consequently a sale was agreed to Northgate Plc.

The negotiations were handled by Andrew Dixon, who commented, "This was a specialist car sales site and through our extensive contacts we managed to secure an owner occupier in a short period of time."

Andrew Dixon & Company report the sale of a recently completed detached office block on Hadley Park East.  Esse House, extending to approximately 6,720 square feet and offering excellent specification accommodation on two floors with twenty five car parking spaces, was sold within a few days of receiving instructions to sell the freehold with vacant possession.  Purchased by a local investor, Andrew Dixon & Company has been appointed to act in the letting of the accommodation on flexible lease terms.

 

Nicholas Dixon commented, 'This freehold property, completed only in 2009 by renowned local development McPhillips, offers excellent accommodation for a variety of administrative purposes and will be available as a whole or in part.'

 

 

Andrew Dixon & Company report that the next stage of the Lawley Square development - the new district centre being provided under the Ironstone Project in Central Telford - is being put to the market with a further 30,000 square feet of commercial space being offered in sixteen units.

 

Following the successful completion of negotiations with Morrisons Plc to take a 35,000 square foot supermarket to anchor the project, and Marstons coming on board with a new pub/restaurant facility, the new release of retail, leisure and professional accommodation will complete the new village centre, creating a vibrant commercial hub in the latest phase of Telford's development.

 

With construction due to commence in the Autumn of 2011, the Lawley Square project will be at the heart of the 3,500 new homes being constructed under the Ironstone Project, and the commercial hub will be prominently located on the junction of the A5223 and B5072, with other developments to include a children's day nursery, an 80-100 bed hotel and further proposals for a new school and health centre coming forward.  The available units, ranging in size from 50 square metres to 741 square metres, will entice a range of commercial occupiers to complement the new district centre, and a range of occupiers are very much welcomed.  The developers are looking for a cross-section of uses to complement the demands of the local community across the spectrum of retail, professional and restaurant uses.

 

Full details of the scheme are available from Telford based agents Andrew Dixon & Company and joint agents UK & Maine Limited.  Early reservations are recommended.