Commercial property specialists Bulleys has succeeded in selling five industrial units in the Black County with a total space of more than 8,500 sq ft.
The chartered surveyors sold four adjacent units at Willow Court, Crystal Drive, Smethwick, part of Sandwell Business Park, and a larger unit at Credenda Road, West Bromwich.
The properties were all sold to different local businesses for figures which Bulleys said were either at or very close to the asking prices.
Angela Holland, part of the agency team at Bulleys’ Oldbury office who sold the Willow Court properties, said: “The four units sold quickly, reflecting the real shortage of smaller units on the market across the region.”
Max Shelley, a senior surveyor at Bulleys, which has offices in Wolverhampton, Oldbury and Telford, said: “The Credenda Way property was under offer within a month of Bulleys being instructed.
“Demand is good for units in this size bracket but the supply is continually reducing, so we’re keen to get more smaller unit instructions which we’ll be able to sell or rent swiftly.”
Meanwhile, Bulleys is now marketing the rental of a 2,987 sq ft unit at Kelvin Way Trading Estate, West Bromwich, at £5.50 per sq ft – or £16,500 per annum.
Mr Shelley added: “We’ve already had some good interest in this property and so anyone who’s keen in a unit in this area should contact us soon.”
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Founded in 1965, Bulleys is an established commercial and industrial property consultancy covering the West Midlands, Staffordshire and Shropshire. The firm has three offices in Wolverhampton, Oldbury and Telford.