News

Multiple Office Lets at Grosvenor House

Andrew Dixon & Company reports the letting of multiple office suites at Grosvenor House in Central Park, Telford in 2022.  Recent lettings have totalled over 10,000 square feet, providing high quality self-contained office space to a number of new tenants including Meatex, Fairway Training, Midland News Association and WERCS.  Grosvenor House - a 62,000 square foot, four-storey office building - is now almost at full capacity.  

Al lettings were negotiated and agreed by Nicholas Dixon.

08/07/2022

Freehold Office Investment in Newport Sold

Andrew Dixon & Company is happy to report the sale of an attractive office investment in the popular market town of Newport.  The two-storey office building, which extends to approximately 2,580 square feet, has the benefit of a long-standing tenant who has recently agreed a new 15 year lease on the property.  The freehold investment was subsequently sold to local property investor for the sum of £312,750.

The sale was negotiated and agreed by Nicholas Dixon.

30/06/2022

Modern Office Letting at Stafford Park

Andrew Dixon & Company reports the letting of Suites 11 and 12 at Pemberton House on Stafford Park 1.  The modern first floor offfice accommodation, which extends to approximately 2,862 square feet, has been let to Breedon Group on a new 5 year lease at a rent of £25,000 per annum exclusive.

The letting was negotiated and agreed by Nicholas Dixon.

30/06/2022

Distribution Warehouse Sold on Halesfield 19

Andrew Dixon & Company is pleased to report the sale of Horton House on Halesfield Industrial Estate.  The property comprises a detached distribution warehouse with attached two-storey office accommodation, extending in total to 20,822 square feet on a secure, self-contained site including car parking and canopied loading bay.  It enjoys an established industria location on Halesfield 19.  The property has been sold to an owner occupier, who is re-locating to Telford.

The sale was negotiated and agreed by Alex Smith.

31/05/2022

Freehold Sale of Office Building at Hadley Park East

Andrew Dixon & Company reports the sale of Edison House in the popular business location of Hadley Park East in Telford.  The property comprises a modern detached two-storey office building extending to 5,709 square feet on a site area of just over 0.5 acres including generous demised car parking.  The freehold interest has been sold to a local investor for the sum of £700,000.

The sale was negotiated and agreed by Alex Smith.

29/04/2022

Sale of Freehold Investment in Heswasll

Andrew Dixon & Company reports the sale of 206 Telegraph Road and Units 1 & 2 Heswall Bus Station in the Wirral.  The property comprises three single storey retail units (1,244 square feet overall) located close to the main High Street in the affluent commuter town of Heswall, which are multi-occupied by a memorials and grave car specialist, a nail salon and a cafe respectively. 

The property, which was owned by a private trust, offered an opportunity to purchase an attractive retail investment in a popular location and generated a good deal of interest.  Following a number of bids, the freehold interest was sold to a national property investor for the sum of £390,000.

The sale was negotiated and agreed by Andrew Dixon.

31/03/2022

Freehold Sales at Access 442, Hadley Park East

Andrew Dixon & Company reports the letting of two newly constructed light industrial units at Access 442 in Telford.  Access 442 is a recently developed business/industrial estate providing 63,000 square feet of high quality, new-build light industrial units within a landscaped environmentm, with bespoke fit-outs available to tenants. 

Unit A10 (2,546 square feet) has been sold for £275,000 to a local business for owner occupation; and Unit B1 (2,510 square feet) has been let to a national occupier at a rent of £32,000 per annum exclusive.

Both deals were negotiated and agreed by Alex Smith.

31/03/2022

Freehold Sale of Offices at Stafford Park

Andrew Dixon & Company reports the sale of Wright House, Stafford Court, Stafford Park 1, which comprises a semi-detached two-storey office building extending to some 4,978 square feet, completed with 21 demised car parking spaces on site.  The building was sold to a Shropshire based property company for the sum of £391,000.

The deal was negotiated and agreed by Nicholas Dixon.

28/02/2022

Freehold Investment Disposal at Whitchurch

Andrew Dixon & Company reports the sale of a substantial industrial investment at Mullbry Business Park in Whitchurch.  The property comprises Units 12 and 12A, extending to some 6,988 square feet and occupied as trade counter premises by Toolstation and Screwfix respectively.  The freehold interest was sold to a Birmingham based investor for the sum of £760,000.

The deal was negotiated and agreed by Nicholas Dixon, acting for the landlord/vendor.

31/01/2022

Office Letting at Hadley Park East

Andrew Dixon & Company reports the letting of Capital House, Hadley Park East in Telford.  The property comprises a modern detached two-storey office building, which was built to a bespoke design in 2007 and provides four suites of offices, two on each floor.  The buillding, which extends to some 6,736 square feet has been let at a rent of £65,000 per annum exclusive.

The deal was negotiated and agreed by Alex Smith

30/09/2021

Warehouse Let at Halesfield 14

Andrew Dixon & Company reports the letting of Unit F, Halesfield 14 to Evolution Foods Limited.  The multi-bay production warehouse extends to approximately 20,661 square feet and dates from the 1970's, although it has undergone some improvement in recent years. 

The deal was negotiated and agreed by Nicholas Dixon.

30/09/2021

Freehold Sale - Hortonwood

Andrew Dixon & Company confirms the sale of Iconsys House - 15,000 square feet of mixed office and production space at Hortonwood.  The property was offered for sale and was quickly snapped up by a local occupier looking to expand its Telford operation, creating bespoke office and laboratory space.

Nicholas Dixon, who handled the sale, commented "With the original occupier expanding to new premises we sold them in Stafford Park, we quickly moved to introduce the property to a registered enquiry and agreed terms with a delayed completion to allow an orderly relocation.  The price achieved reflected the quality of the building and the healthy demand for freehold property in the Hortonwood area".

16/08/2021

Investment Sale - Hortonwood

Andrew Dixon & Company reports the successful completion of the sale of the Dukeshill Ham Limited premises at Hortonwood.  The 11,500 square foot building was sold as an investment, with the occupational lease having 9 years to expiry, at a rent of £63,000 per annum.  The property drew a lot of interest from private investors, both regionally and locally, and eventually went to best bids and achieved a price representing a yield of a littler over 6%.

Nicholas Dixon, who handled the sale, commented "Combining an excellent building in a prominent location with a quality covenant and a decent period of unexpired lease was always going to produce a decent price, and we were pleasantly surprised with the sum acheived given a short period of competitive bidding".

16/08/2021