Sale of Significant Investment at Hortonwood 1

Andrew Dixon & Company reports the sale of a significant investment property at Hortonwood.  Shropshire House, Hortonwood 1, which extends to approximately 42,000 square feet on a prominent 3 acre site, let to Independent Parts & Services Limited on a long lease, was sold to a local investor following a short period of intensive marketing.  The high specification property, originally developed in the late 1980's, includes extensive offices, production and storage space and has the additional benefit of a large undeveloped area suitable for the future expansion of the existing building or a separate development.  

Nicholas Dixon, who handled the sale, commented "The well let, high specification accommodation was quickly snapped up by a local investor, benefitting from a good quality tenant with some years to go on the lease.  The yield reflects the strength of the investment market, with money available for well let commercial accomodation and the opportunity to further invest over the long term."


Letting of Unit at Stafford Park 10, Telford

Andrew Dixon & Company reports the letting of Unit 2, Amethyst Development, Stafford Park 10, on behalf of locally based clients.  The terraced production/warehouse unit, which extends to 31,356 square feet and is built to a high specification to include 10m eaves and dock leveller access, became available in the mid part of the year and was quickly snapped up by neighbouring occupier, Sirane  Limited, who have taken a long lease on the premises to support a significant business expansion.

Nicolas Dixon, who handled the letting, commented "Despite economic uncertainty brought about by the COVID-19 pandemic, Sirane have taken the opportunity to acquire an excellent facility close to their main manufacturing plant for further expansion.  The landlord is delighted to secure a first class covenant on a long term lease, this letting evidencing the strong marketplace for industrial/production facilities in Telford, which has grown throughout the year."


Sale of Engineering Premises at Stafford Park 16, Telford

Andrew Dixon & Company reports the sale of the former EWAB Engineering premises on Stafford Park 16.  The high quality production/distribution unit, which extends to 16,467 square feet on a site of 3.76 acres, has been sold to Hortonwood based Iconsys Limited upon the vacation of EWAB, who have relocated to the A442 development at Hortonwood.  The Stafford Park 16 premises was put up for sale in April 2020 and attracted interest from a wide range of local and national occupiers, with a deal secured with Iconsys following a period of intensive bidding.  The new occupier intends to significantly invest in the accommodation, extending the existing building to support a rapid expansion in business. 

Nicholas Dixon, who handled the sale, commented "This was an excellent deal for our client, surpassing our expectations on value following a very competitive marketing period, with EWAB having secured new premises at the Morris development at A442 through us.  We are delighted with the deal, as were the purchasers, who will relocate to Hortonwood in 2021 following an extensive re-fit and extension of the property."




Letting of Largest Single Occupied Office Building in Telford

Andrew Dixon & Company reports the letting of one of the largest, single occupied office buildings in Telford.  Partnership House at Central Park has been leased to Enta International Limited, who have relocated from Stafford Park, bringing 150 jobs under one roof.  The 34,500 square foot building with over 200 car parking spaces has been fully refurbished by the landlord, and the letting was completed shortly after completion of the multi-million refurbishment for a term of ten years close to the quoting rent of £300,000 per annum.  Enta International Limited plan to occupy two sthirds of the building initialy, offering from surplus ground floor space to let in the short term.


Letting of Ground Floor Offices, Partnership House, Central Park

Andrew Dixon & Company reports the letting of a ground floor suite extending to approximately 5,100 square feet at Partnership House to SmartWater Limited, who have relocated from Stafford Park.  The newly refurbished, self-contained accommodation has been fitted out as offices and a laboratory for the Telford-based innnovators, who have moved thirty staff on site.


Letting of Direct House, Hortonwood 7, Telford

Andrew Dixon & Company reports the letting of Direct House to AO World for use as a distribution hub.  The company has taken the 9,000 square foot building with an acre of tarmacadam yard on a long lease for close to the asking rent of £60,000 per annum, moving their service fleet from Halesfield.

Nicholas Dixon, who handled the letting, confirmed "It is very rare to be able to offer a building of this size and type with an extensive yard.  A high level of interest was generated following a full refurbishment of the building and we have secured an excellent covenant at a very good rent for our client".


Sale of 9 & 10 Pearson Road, Central Park

Andrew Dixon & Company reports the sale of two adjoining buildings on Pearson Road, extending to a total of 5,000 square feet.  9 Pearson Road, which extends to approximately 2,500 square feet, has been sold to an owner/occupier who is moving his business to Telford from the West Midlands.  10 Pearson Road has been sold as an investment to a local, family owned property company with a long term tenant in place and will provide them with an excellent investment return.

Nicholas Dixon, who handed the sales, commented "The two buildings were quickly placed under offer and the sales completed within two months of instruction, achieving close to the anticipated sale price of £500,000 for the freehold investment".


Dual Letting of 1 Hawksworth Road, Central Park

Andrew Dixon & Company reports the letting of 1 Hawksworth Road, Central Park.  The 6,500 square foot office building has been split to accommodate two new tenants.  Aktrion Limited have moved twenty staff from their Stafford Park building into the first floor, and Komplex Care have set up a new training facility for healthcare support on the ground floor, moving their previous Telford Plaza base and bringing twenty employees onto the site.