West Bromwich office space still proving popular with investors
Bond Wolfe has concluded another deal despite the national COVID-19 lockdown, with the sale of a West Bromwich office building to an Oldbury-based freight services business.
City Logistics Ltd has paid an undisclosed six figure sum for 6 St Michaels Court, a modern purpose-built office building.
It is situated within easy walking distance to the Tesco New Square development and all local amenities, including the Metro services to Birmingham and Wolverhampton City Centre.
James Mattin, chief executive of Black Country specialists Bond Wolfe, said: “We are delighted to have concluded another deal during lockdown.
“Historically, St Michaels Court has proved popular with owner occupier and investors alike as the parade provides affordable modern accommodation.
“The spate of office to residential conversions in the town centre has left a shortage of office space, so occupiers, even in this climate, are having to move fast to secure centrally located accommodation.
He said that City Logistics Ltd plans to use 6 St Michaels Court either as local office for its operations, or will let it via Bond Wolfe if there is demand from a suitable tenant.
James Mattin added: “Despite the national restrictions, we are still seeing plenty of active investors looking to acquire properties across all sectors, and alert to all opportunities.”
Law firm HCB Group acted for the seller, a private investor, and Ashley James Solicitors advised City Logistics Ltd.
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For further information, please contact:
James Mattin, Chief Executive,
Bond Wolfe, West Plaza, 8th Floor, High Street, West Bromwich B70 6JJ
0121 525 0600 or 0121 524 1172,
Issued by Andy Skinner, ASAP PR, 01789 490786, mobile 07990 978257.
Bond Wolfe is an established commercial property practice based in West Bromwich. Its services include commercial property sales and lettings, property investment and development throughout the West Midlands.