Buccleuch Property has invested in two warehouse units at Bescot Crescent, located immediately opposite the Bescot Retail Park, Walsall. The Edinburgh-based property investor and developer has purchased the site with a view to carrying out an extensive refurbishment before marketing to new occupiers later in the year.
The site comprises of two vacant warehouses of 23,973 and 27,085 sq ft, complete with ancillary offices, yards and the added benefit of ample car parking. Lambert Smith Hampton acted for Buccleuch on the purchase.
Bescot Crescent offers excellent transport links being situated close to Junction 9 of the M6 motorway, Walsall town centre, the Walsall ring road and just 0.5 miles from Bescot Stadium railway station, which provides direct rail travel to Birmingham New Street station, Wolverhampton and Walsall.
Paul Jarvis, Asset Management Director at Buccleuch Property, said: “There is growing demand for modern accommodation in the area and Bescot Crescent offers an excellent refurbishment opportunity. The units are in a strong location and have the potential to be highly attractive to new tenants following refurbishment.
“We continue to actively seek new investment projects of this nature in the West Midlands and across the UK.”
Buccleuch Property also recently acquired Lye Business Centre, a 32-unit industrial estate spanning 22,841 sq. ft.