Siddall Jones seals £6.5 million Fradley Park deal
Leading Midlands commercial agency Siddall Jones has sealed a £6.5 million deal to sell a large warehouse and office premises on Fradley Park, in Staffordshire.
The purchase of Zytek House on Fradley Park, near Lichfield, has been agreed between private partners.
Ryan Lynch, a director at Siddall Jones, explained that the building extends to 72,000 sq ft on a site area of seven acres, with a passing rental of £650,000 per annum from current tenants.
Mr Lynch said: “Zytek House is an impressive headquarters premises, which was built by our client in 2011.
“It’s location on Fradley Park is considered to be at the heart of the country’s transport network and well-established as a first-class location for distribution and warehousing.
“We were delighted to be instructed on the disposal, and with the help of Andrew Watts at the Wilkes Partnership we were able to secure a swift completion.
“Fradley Park has become a prime logistics location adjacent to the A38 which provides excellent access to the wider Midlands and the national motorway network, making it within 4.5 hours HGV drive time of 85% of the UK.”
The private purchaser’s lawyers on the deal were in-house, and they received commercial property advice from Oliver Forster of CBRE.
Siddall Jones acted on behalf of the private vendor who received further advice from Andrew Watts of the real estate team at the Wilkes Partnership.
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For further information, please contact,
Ryan Lynch, Director,
Siddall Jones, The Mint, 95 Icknield Street, Birmingham B18 6 RU.
0121 638 0500
Prepared and issued by Andy Skinner, ASAP PR – 07990 978257.
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.