Industrial units sold in Suffolk

Industrial units sold in Suffolk

The sale of two sets of industrial premises in Suffolk has been confirmed by the local office of Eddisons incorporating Barker Storey Matthews, which is based in Bury St Edmunds.

On the Mildenhall Industrial Estate, 20 Merlin Park - a 1,708 sq ft (158.71 sq m) trade counter unit with offices - was, initially, marketed by Eddisons to let or for sale following the relocation of the owner’s business.

Offered for sale with a guide price of £125,000, the sale of 20 Merlin Park was concluded via best bids. While the final sale prices remain undisclosed, Eddisons confirmed that the unit achieved in excess of the asking price.

The industrial unit sold in Brandon, 1,116 sq ft (103.68 sq m) open plan warehouse premises at 12c Wimbledon Avenue, attracted interest from a range of interested parties looking to rent or buy, with a sale guide price of £110,000.

With the vendor of 12c Wimbledon Avenue relocating to another county, the warehouse unit has been sold to an owner occupier with other premises in Brandon. The final sale price remains commercially confidential.

Commenting on the sale of the industrial units, Steven Mudd of Eddisons said, “The industrial property market in Suffolk reflects regional and national commercial property market trends during the first quarter of the year (2021).

“The Mildenhall and the Brandon units attracted solid interest and achieved good prices on sale because there is a limited stock of available units of similar sizes available for freehold sale in the area, currently.

“Both units were sold to new owner occupiers who already have local property interests in each of the Suffolk locations.”

Eddisons was the sole agent acting on behalf of the vendors in both sales.

For more information on industrial premises for sale or to let in Suffolk and the surrounding areas, contact Steven Mudd at Eddisons, tel 01284 702655, [email protected] or see eddisons.com/barker-storey-matthews.