In a notable real estate transaction, warehouses totalling 29,000 square feet were sold at Fairhills Industrial Estate.
Strong demand for these properties underscores their value in the current market.
Significant Real Estate Transfer at Fairhills Industrial Estate
Two significant commercial properties have recently changed hands at the renowned Fairhills Industrial Estate in Irlam, creating a buzz in the industrial property market. These properties, spanning an expansive 29,142 square feet, were sold for approximately £145 per square foot, signalling a strong investment interest. The sales deal was expertly managed by Davies Harrison Real Estate on behalf of a private client, indicating the prowess and strategic know-how of the real estate firm. This transaction underscores the existing vigorous demand for industrial properties.
Bradshall Removals and Wellsolid: New Occupants
Bradshall Removals has relocated to Fairhills Industrial Estate, taking possession of a 16,261 square foot unit. Having previously been tenants at Trafford Park, their decision to move reflects strategic business positioning. Simultaneously, Wellsolid acquired the adjacent 12,881 square foot property. This move represents a geographical shift from the South and signifies their operational upsizing. Both companies now benefit from expansive, secure, and self-contained yard spaces accompanying their semi-detached units. This kind of relocation indicates the growing demand for functional and strategically located warehouse spaces.
Market Dynamics and Competitive Bidding
Rick Davies from Davies Harrison revealed that due to intense interest, the sales were handled through a best bids format. This is an increasingly common approach in today’s congested and competitive industrial property market. Such scenarios highlight the urgent need for freehold industrial properties, a trend set to continue as market demands outstrip available supply. The proactive strategies employed by Davies Harrison yielded remarkable results for the clients involved.
Future Prospects in Industrial Property
Following successful negotiations for the Fairhills units, Davies Harrison has been tasked with marketing another sizeable property. This 15,069 square foot unit on Tallow Way is anticipated to attract substantial interest. The ongoing demand indicates a robust property market, where strategic location and unit size are key attractions for prospective buyers. The market is poised for growth, with further transactions expected in similar industrial estates across the region.
Demand Trends in Industrial Estates
The industrial property sector is experiencing a surge in demand for freehold sites, considered valuable assets by many investors. Secure, self-contained yards and strategic locations like Fairhills are particularly sought after. This trend aligns with the broader economic shift towards e-commerce, logistics, and warehousing industries. As companies expand, their demand for versatile and strategically-located properties increases. This interest is propelling industrial estates into the investment spotlight.
Implications for the Broader Economy
This heightened activity in the industrial property market is a reflection of larger economic trends. The shift towards online retail and global logistics necessitates more sophisticated and spacious warehousing solutions. The sales at Fairhills illustrate a microcosm of this larger trend. As industrial estates undergo transformation, they become pivotal to economic growth, facilitating business expansion and regional development.
Continued Growth and Investment Opportunities
The Fairhills Industrial Estate sales have underscored a pattern of consistent growth within the property market. Investors are increasingly eyeing industrial properties for their potential high returns and strategic importance. As demand continues to rise, opportunities for investment in warehouses and industrial spaces remain promising, presenting lucrative possibilities for savvy investors.
The successful sales at Fairhills Industrial Estate reflect the robust demand for industrial properties.
With ongoing interest in freehold sites, the sector is poised for continued growth.
