The 100,000 square feet Oldbury Point estate in Rood End Road was acquired by Tilstone Investments last month. The buyers plan to invest in the site to make it more attractive to potential tenants.
The site contains 17 units, ranging in size from 5,000 square feet to 20,000 square feet.
The proposed refurbishment will restore the empty units and regenerate the site to improve its commercial viability.
As there is a shortage of high quality industrial premises in the Black Country the new owners hope that Oldbury Point will fill a gap in the market.
Tilstone has appointed Harris Lamb alongside joint agents Bulleys and Savills to market the properties. The largest unit, at 20,000 square feet, has already attracted considerable interest from potential new tenants.
Harry Ingham of Tilstone, said: “We are delighted to have had such an enthusiastic response to our planned regeneration of Oldbury Point and that our agents have already reported strong interest from prospective tenants ahead of our planned refurbishment.”
Paul Makin, Investment Partner at Tilstone, added: “We recognised the site as a worthwhile investment and we are committed to restoring this estate to its full potential, thereby helping to further fulfil the on-going demand for industrial stock within the region.”
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