Spotlight on the south Essex industrial market
Fenn Wright are delighted to report that the industrial/warehouse market in south Essex continues to thrive, with our Commercial team in Chelmsford selling more than £6.75m worth of commercial property in June alone.
Recent notable transactions include:
Albert House, Russell Gardens, Wickford
Albert House comprises a 23,725 sq. ft. industrial/warehouse with a 23,208 sq. ft. mezzanine and secure yard. The property attracted multiple bids and having invited ‘best offers’ the site sold for a figure in excess of the original £2.25m guide price.
Bellcroft, Eastways Industrial Estate, Witham
6 Bellcroft is an established scrap yard located on the popular Eastways Industrial Estate a short distance from the A12. The site was under offer at a figure in excess of the £1.85m guide price within a week of listing having received several enquiries. The site was sold to Brand and Howes Environmental Limited who are opening an additional site to expand their business.
Sam Wilson from Brand and Howes Environmental Limited commented “We are very excited to be opening our new site in Witham in the coming months, we are very passionate about this industry and want to make this a state-of-the-art recycling facility that will offer services 6 days a week. We would like to thank James Wright from Fenn Wright, he was very helpful and made this a smooth and quick transition from start to finish.
Waterfront Estate, The Quay, Burnham on Crouch
The Waterfront Estate in Burnham on Crouch comprises a comprehensively refurbished industrial/warehouse building totalling 16,215 sq. ft. with a secure yard. The property was sold to a private individual for storage purposes.
3 Taber Place, Crittall Road, Witham
A mid terrace industrial unit measuring 2,405 sq. ft. a short distance from the A12 has been sold to a local business to assist with their expansion. This well-presented mid terrace property sold for £390,000 reflecting £162.00 per sq. ft.
3 Bowlers Croft, Honywood Road, Basildon
Located on popular Bowlers Croft, this mid terrace industrial unit measuring 1,952 sq. ft. was sold to a private individual for the £300,000 asking price. The sale reflects £153.68 per sq. ft.
As it stands today, Fenn Wright have concluded 85 deals in Essex since the beginning of the year and are on track to win the EG award for ‘Most Active Agent in Essex’ for the sixth consecutive year.
