Former Squirrel Storage site split and sold after asset management advice from Siddall Jones

A large industrial building that was formerly a Squirrel Storage site on a main road into Birmingham has been split and sold as five separate warehouses, thanks to consultancy from Siddall Jones.

The original property at 875-901 Tyburn Road, which extended to 50,534 sq ft on around 1.1 acres, was acquired by Siddall Jones on behalf of Sutton Carter Property Group in an off-market purchase last year.

Ryan Lynch, director of Siddall Jones, explained that despite receiving offers to purchase the whole site, he had advised Sutton Carter Property Group to split the building into five separate warehouses.

Mr Lynch said: “We had strong interest in the original site but knew the market was strong enough to maximise returns on the property by splitting it into five separate warehouses.

“We felt this would capitalise on the demand from owner-occupiers looking for mid-sized industrial units.

“We were blown away by the interest and now have all five units firmly under offer”

Shahid Ashraf, of Sutton Carter Property Group, said: “We are extremely acquisitive and have an excellent track record of transacting quickly, with minimum fuss.

“We are delighted with the outcome on Tyburn Road and are actively looking for similar opportunities.”

Before being split into separate warehouses, the detached property was an industrial warehouse with five interconnecting bays of steel truss construction, with a two-storey elevation to the front.

The freehold building had previously used for self-storage purposes and has a single roller shutter entry at the front and level loading access to the rear.

The properties will now provide good trade counter and warehouse opportunities with excellent connectivity to Birmingham city centre and the national motorway network nearby.

Ends (277 words)

For further information, please contact,

Ryan Lynch, Director,

Siddall Jones, The Mint, 95 Icknield Street, Birmingham B18 6 RU.

0121 638 0500

www.siddalljones.com

Prepared and issued by ASAP PR – 07990 978257.

Editors’ Notes

Siddall Jones, which has offices in Birmingham and Dudley, was launched by Ed Siddall-Jones in 2012 and has grown steadily from one office to two and from one member of staff to six. In 2020, the firm was named Most Active Agent in the West Midlands in the Radius Data Exchange survey produced in conjunction with EG, the commercial property market magazine. In 2019, Siddall Jones was named Most Active Single Branch Agent by number of deals done by CoStar and was a Top Five finalist in the overall CoStar awards. In 2022, Siddall Jones was named the top commercial agent in the West Midlands in the EG Radius On-Demand Rankings. The firm brokered 156 deals including sales and lettings in 2021, almost double the number of the nearest rival.