Firm tackling shortage of commercial property space in Bromsgrove

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Worcestershire commercial property consultancy and Chartered Surveyors GJS Dillon has disposed of two Bromsgrove small business units, as the shortage of smaller office and industrial units in the town continues to place upwards pressure on prices.

 

Acting on behalf of a private landlord and a developer, Charlie Green, commercial negotiator at GJS Dillon, sold Ayrton House, in Buntsford Park Road, a 1,120 sq ft, modern two storey office building with car parking, and let Unit 2 Maguire Court, Saxon Business Park, a new 2,500 sq ft warehouse premises.

 

Show Up Limited acquired Ayrton House, at a quoting price of £175,000, while healthcare equipment supplier Murray’s Medical UK took a new lease on Maguire Court, at a guide rental of £16,500 per annum.

 

“We are working closely with Worcestershire LEP, Worcestershire County Council, landowners, developers and fellow property professionals to tackle the issue of the shortage of small and medium sized office suites and industrial units in Bromsgrove and across the county.  The lack of stock is pushing up prices, as small occupiers look for space to start or to expand their businesses,” Mrs Green said.

 

“Vacancy rates for small office and industrial units in Bromsgrove remain low at around 2%, yet the town continues to be highly sought after as a business base, for its excellent communications, flexible workforce and lifestyle.”