Siddall Jones marketing much-needed industrial development site in Birmingham

25th Mar

Commercial property agents Siddall Jones have brokered a deal that will help to address the West Midlands’ chronic shortage of industrial property.

ABSE Developments, a company owned by entrepreneur Kevin Sharkey, managing director of Key Land Capital, has been granted planning permission to construct seven new commercial units.

The plans involve the demolition of the existing buildings and preparation for the development at 57-59 Aston Brook Street East, Aston, Birmingham, which has already taken place.

Siddall Jones is now seeking a buyer for the cleared 0.42 acre site with offers in the region of £875,000 required for the freehold land.

Ed Siddall-Jones, managing director of Siddall Jones, said: “There is huge demand for industrial units both for sale and to let, and we are already receiving strong interest in this site.”

The site occupies a prominent position, fronting the A5127 Aston Road at its junction with Aston Brook Street East and adjacent to the flyover linking with Dartmouth Circus and the A38(M) Aston Expressway.

Mr Siddall-Jones added: “The convenient location is situated just outside of Birmingham’s new clean air zone and provides excellent communications links.”

Siddall Jones has been reporting on a growing crisis in the supply of industrial stock with both buyers and renters chasing units as soon as they become available.

The firm was responsible for the sale of a 160,000 sq ft sale freehold industrial unit in Stockport for £7.2 million, and the 70,000 sq ft letting of a new build warehouse in Smethwick at £500,000 per annum.

In March the firm was named as the West Midlands’ top commercial property agent. The Birmingham-based property consultants handled almost double the number of deals of their nearest rival in the annual EG Radius On-Demand Rankings.

The firm, founded by Ed Siddall-Jones in 2012, notched up 156 deals including sales and letting – on average three a week – in 2021.

Siddall Jones has two offices covering the West Midlands region, in The Mint, Icknield Street, Birmingham, and with a Black Country focus, at King Charles House, Castle Hill, Dudley.

BusinessWorks Wocestershire & Black Country spring 2022 | BusinessWorks Magazine

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