Pictured: LSH's Sam Mountford (left) with Berry's operations
director Tom Hocking
National commercial property consultancy Lambert Smith Hampton
(LSH) has sold a modern Birmingham industrial property to the UK's
number one distributor of petrol forecourt equipment.
LSH has sold the stand-alone 19,903 sq ft unit at 141 Lichfield
Road, Aston to Berry's Technologies Ltd on behalf of clients of AXA
Real Estate. The unit is in a prominent roadside position halfway
between Birmingham city centre and Junction 6 of the M6.
Berry's Technologies - the UK's leading supplier of petrol
forecourt equipment, pumps, pipework and spares - bought the unit
for £900,000, which equates to approximately £45 per
square foot.
Berry's was founded in 1966, and distributes its products to
many prominent customers including oil companies and
supermarkets.
Berry's operations director Tom Hocking said, "Having searched
for nearly two years for the right property in the right location,
at last we feel we have found it. With its proximity to the M5 and
M6 and potential as a property, our search is ended."
Sam Mountford, surveyor in LSH's Birmingham office said, "We are
really pleased with the price achieved for this property which
demonstrates that due to the current lack of freehold medium-sized
industrial properties available on the market, good quality older
stock in prime locations are commanding freehold prices not far
short of those being achieved for existing new warehouses."
For more information about Lambert Smith Hampton, please visit
their website here: www.lsh.co.uk