National property consultancy Lambert Smith Hampton (LSH) has been appointed to bring a 71,000 sq ft Oldbury warehouse unit to market, as businesses struggle with a shortage of industrial and logistics units across the West Midlands.
The vacant industrial unit sits on a 6.4 acre site at Parsonage Street, and is available for a new tenant on a leasehold basis.
Harry Lea, a surveyor in the industrial agency team at LSH in Birmingham, said it provides a rare opportunity in the region to acquire a warehouse unit with a large yard, which accommodates HGV parking, and also benefits from excellent access to the motorway network.
“Given the severe shortage of industrial and warehouse units in the region with sufficient yard area for occupiers, bringing this warehouse to market is a real shot in the arm for the area. It provides a potential occupier with a very strong base from which to operate a successful business.
“It is a great unit in an ideal location, given the transport links, for potential occupiers working within the logistics and distribution sector.”
The site is located just 1.5 miles from Junction 1 and 2 of the M5 Motorway, and provides good access to the wider motorway network including the M6, M40 and the M42.
The main bay compromises six loading docks with eaves height of 8.5 metres, a 54,666 sq ft warehouse, a 14,621 sq ft loading tunnel with canopy and 1,759 sq ft of office space over two storeys.