Goold Estates sells fully let Brownhills trading estate

Goold Estates is targeting new development and investment opportunities having confirmed the sale of a multi-let industrial estate in the West Midlands.

The Oldbury-based firm has completed the £1.975 million sale of Gatehouse Trading Estate on Lichfield Road in Brownhills to a private investor.

The 16,396 sq ft estate is fully let and comprises 31 units in various terraces, 16 of which had previously been sold off to owner occupiers, as well as six compounds, a residential gatehouse and communal parking.

Gatehouse Trading Estate had been owned by Goold Estates since 2010 and was continually improved during its ownership, including new electric gates, CCTV, new estate lighting and a resurfaced access road.

Anthony Williams, property director at Goold Estates, said: “Gatehouse Trading Estate has proven to be a popular and well let estate during our 12 years of ownership, with many valued long-term tenants. However, we felt it was time to sell the estate and focus our resources on new and larger development and investment opportunities.”

Andy Price, director of AP Investment, who acted on behalf of Goold Estates, said: “The estate generated a lot of investor interest, showing the depth of the industrial investment market at present. The well let nature of the estate attracted both local and national property companies.”

Jones Valerio acted for the purchaser.

Notes to editors

Goold Estates Limited is a commercial property management, investment and development company based in Oldbury, specialising in industrial, logistics and office development and asset management across the West Midlands. We engage directly with our customers to provide good quality business space, while being approachable, pragmatic and direct to achieve high levels of occupancy and customer retention. For more information visit www.gooldestates.com

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For more information please contact Paul King of Barques on 07779241838 or email paulking@barques.co.uk