Percy Business Park, Oldbury
Acting on behalf of Coltham Developments Limited, Bulleys Chartered Surveyors and Knight Frank are experiencing continued success at Percy Business Park in Oldbury. Percy Business Park offers a mixture of refurbished units alongside a newly built development of 14 industrial/trade counter units. The estate is prominently located on Rounds Green Road, being just 1 mile from Junction 2 of the M5 and 3 miles from Junction 1 of the M5 motorway.
Angela Holland, Agency Assistant at Bulleys’ Oldbury office commented “Following the recent deals, Percy Business Park is now 75% let/sold."
Recent deals completed on the site have been both freehold and leasehold disposals. Firstly, Farabi Sports have taken a new 3 year lease on Unit 63 of 1,522 sq ft (141 sq m), with Midland Displays Limited having also taken a 3 year lease on Unit 80, which extends to 2,199 sq ft (204 sq m). Cheshire Care, an existing tenant who already occupies several units, have increased their commitment by leasing another 2,016 sq ft (187 sq m) by way of Unit 58 Percy Business Park.
Unit 13 Percy Business Park, one of the new units on the estate, extending to 1,617 sq ft (150 sq m) has been purchased by Fountain Commercial Ltd, based off a quoting price of £85.00 per sq ft.
Stuart Franks, Development Manager at Coltham Developments said “We are delighted with the recent spate of transactions on the estate, which have primarily emanated from our decision to refurbish the existing units, together with offering flexible lease terms with incentives. The lack of new units/development in the area has certainly contributed to the success of the estate and with very few, if any, new speculative schemes in the pipeline, we believe, this is set to continue. In fact, we have recently agreed deals on the last two of the fourteen new units on the estate, so we hope to announce completion of these transactions shortly.”
The last remaining freehold unit still available at Percy Business Park is 1,620 sq ft (150 sq m), with further refurbished units available on a leasehold only basis with flexible terms ranging from 1,419 sq ft (132 sq m) to 6,596 sq ft (613 sq m).