Unprecedented demand for brand new industrial scheme in BromsgroveSeptember 2023
Quality industrial accommodation is transacting so well in Bromsgrove that 17 out of 19 brand new units will have already been let on completion of a development.
The new development at Phase 2 of Sapphire Court in Bromsgrove Enterprise Park consists of 19 individual premium quality industrial/warehouse units. The units are constructed in five terraces and range in size from 1,000 to 7,000 sq ft. GJS Dillon has been instructed to let the units, having already let Phase 1 of development. The latter provided the starting point for two of the Midlands’ most successful high-growth companies, Gymshark and Lounge Underwear.
‘There are 17,500 businesses in North Worcestershire alone, the majority of which are SMEs’ says Andrew Lewis, GJS Dillon’s Commercial Agency Director ‘So this explains why only 2 of these 19 units are still available – they are ideally suited to the occupier both in terms of size and quality. As mentioned in our 2023 Worcestershire Commercial Property Market Report, we expect Bromsgrove’s headline rent of £9.51 per sq ft during 2022 to be surpassed due to new space such as this coming onto the market’
Bromsgrove Enterprise Park is to the south of Bromsgrove town centre with easy access to the A38. Junctions 4 and 5 of the M5 motorway and junction 1 of the M42 are within 3 miles of the property.
For further details about commercial property in Worcestershire please contact GJS Dillon’s Agency team on 01905 676169 or via email@example.com
GJS Dillon’s Worcestershire Commercial Property Market Report 2023 can be found here https://www.gjsdillon.co.uk/marketreport/Return to News