Michael Jones Commercial ‘delivers’ £2m industrial land sale
Acting on behalf of private landowners, Michael Jones Commercial recently completed the sale of a 4.23 acre industrial land site in Lancing for a price of £2.0m, which equates to nearly £475,000 an acre for commercial land.
The site which was sold to global food delivery and logistics company Bidvest Group is located right in the heart of Lancing Business Park and was previously occupied by Graham Wood steel works but has remained empty since 2014.
The Bidvest Group Limited, who also trade as 3663 Foodservice, employ over 130,000 people worldwide and deliver for customers such as KFC, Nandos and Pizza Express. They intend to redevelop the site by building a brand new 50,000sq ft. food distribution warehouse with lorry park and wash down areas.
Bidvest have been searching for suitable premises for the past 10 years but due to the lack of available sites were considering moving out of the area all together. With the help of Michael Jones Commercial they worked to negotiate a freehold land purchase on the new site at Lancing and as a result have been able to retain existing local jobs with the potential for significant new employment opportunities in the coming years.
For any further information on available commercial properties and investment opportunities across West Sussex, you can contact Steve Berrett at Michael Jones on 01903 201212 or email firstname.lastname@example.org
Content accurate at time of publishing.