£600,000 REFIT COMPLETED AT INDUSTRIAL ESTATE
Harris Lamb’s building consultancy team has overseen a circa £600,000 refurbishment project at a Wednesfield industrial estate.
Six units on the Planetary Industrial Estate have been given an extensive makeover to attract new tenants seeking high-grade commercial space within the Black Country.
Gareth Booker, of the building department, said: “In light of the ongoing shortage of high quality industrial stock in the Midlands, a number of landlords have recognised the opportunity to overhaul existing, older properties to attract new tenants.
“With that in mind, the landlord instructed us to project manage a high-quality refurbishment at the Planetary Road site prior to placing them on the lettings market.
“Over a six-month period, we stripped out each of the units and oversaw an extensive, high-spec refit of warehouse, office, lobby and toilet spaces, as well as improvements to the exterior of the properties.
“The resulting new-look units were delivered within the allocated time-frame and on budget at a total cost of circa £600,000. This represents a significant investment into the site, and a confidence that it will pay dividends as the high demand for space within the region continues,” said Gareth.
He added that all landlords and owners of commercial property in the Midlands should consider following suit.
“Any landlords or owners with units that are dated or in a state of poor repair should consider investing in a similar project. Demand remains high and with the lack of new stock available to fulfil it, property that is presented at its best, and can be marketed as being in an ‘as new’ condition is well placed to attract new tenants.”
Harris Lamb’s Agency team has been instructed to market the new-look units.
Contact neil.slade@harrislamb.com for details of the individual units available.