We caught up with one of our partners, David Newman, to learn more about why he thinks the demand for high-quality industrial properties in Liverpool remains strong, particularly freehold premises with limited supply in the city and surrounding areas despite the uncertain economic climate.
Our commercial team recently sold a 19,077 sq ft unit at Venture Point, in Speke, on behalf of hose and fittings company Merseyflex, which was expanding into larger premises to an undisclosed buyer.
The BREEAM Excellent building benefitted from two-level access doors, 50KN floor loading, solar panels, separate car parking and secure fencing.
We received strong interest, with interested parties enquiring before the property was officially on the market, and the sale exceeding the guide price of £2.48 million.
David, based at our Liverpool office, said: “We were instructed to sell the property after it became surplus to Merseyflex’s requirements.
“We had early strong interest before we formally commenced marketing and went to best bids, achieving a quick sale which exceeded the guide price.
“We are very happy to support Merseyflex with the disposal of the building as part of the company’s expansion plans.”
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