Historic Sandwell industrial site on the market for £1.35m
A large industrial site fronted by a Victorian house in Oldbury has gone up for sale for £1.35m.
The property at 104 to 108 Dudley Road East consists of offices, workshops and storage buildings measuring just over 31,000 square feet. The front of the site was originally a large Victorian house, which is currently used as offices but could be changed back to residential use subject to planning.
At the rear of the house is a later extension and behind this are factory units known as Bay 5 which includes cranage, loading areas and further office space. At the rear of the site are industrial units known as Bays 1 to 4, plus extra storage land.
The property is currently owned by Marshall Welded Steel, which trades under the name Marwel Conveyors, a mechanical handling company specialising in the manufacture of conveyor systems.
Marshall Welded Steel Ltd was founded by Wilf Marshall and Stan Reavenall in post-war Britain during the 1940s and is now run by their sons Ian Marshall and Alan Reavenall.
The site is on the market with local property agent Bulleys, a specialist in the field of industrial and commercial property consultancy.
According to a news story on the Bulleys’ website Max Shelley, an associate at Bulleys, said: “This is an extraordinary opportunity to purchase a significant industrial site with great potential for refurbishment or redevelopment, and we’re already getting a lot of interest.
“The entire premises are on the market with a price of £1.35 million, although the vendor would consider a separate sale of the offices in what was once a Victorian house for £250,000.”
Ian Marshall, the current managing director of Marwel Conveyors explained that after 70 years of successful trading in the conveyors market the company had decided to consolidate the business and to close its manufacturing side and sell the freehold on the premises.
This decision was due to uncertainty in the economy and orders beginning to decline. However, the company remains profitable and is continuing its operations in the design, sales, installation, electrical and spares side of the conveyors business.
Mr Marshall said of the property: “This could make a fantastic base either for a factory or a warehouse business, and we look forward to handing over the premises to another company.”
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