Watling Real Estate has been instructed to market Medco House in Bordesley Green, Birmingham, for sale - a substantial industrial/warehouse premises.
Medco House extends to circa 211,000 sq ft on a site area of 6.86 acres and is being sold on behalf of the joint administrators of Connect Distribution Services Ltd.
Chris Davies, a director of Watling Real Estate, said: “This is a rare freehold opportunity to purchase a substantial industrial property which is suitable for owner occupation but will also appeal to the investor and developer marketplace given its size and location.
“Medco House is adjacent to the proposed Birmingham Wheels redevelopment site, a 40 acre parcel of land earmarked for industrial, and employment uses, which is less than four miles from Junction 6 of the M6 Motorway.
“Given the strong pent-up demand for industrial premises across the Midlands region, coupled with the redevelopment potential the site offers, we are anticipating strong interest from a range of parties looking to secure an opportunity of this scale.”
Watling Real Estate was created in June by a management buyout, supported by Bassi Capital, of the real estate restructuring division of Avison Young. The business is headquartered in London with a network of offices in Birmingham, Manchester, Leeds and Bristol.
