Unit acquired on popular business park
A business/office unit on one of Somerset’s most popular business parks has been acquired.
Property consultancy Myddelton & Major successfully negotiated the sale of Unit E5, Southgate, on Commerce Park, Frome to Netitude Ltd.
Freehold guide price for the 4,889 sq ft, two-storey building was £495,000.
Myddelton & Major Surveyor Gary Mead said: “Opportunities to buy the freehold of large and versatile business units such as this one do not occur very often and I wasn’t surprised to see it snapped up.
“Commerce Park is doing particularly well – and it is not hard to see why it is regarded as the region’s premier business development.
“The 64-acre park – north east of Frome town centre – has proved hugely popular as the demand for high-quality industrial space regionally from new and expanding companies continues to grow.”
The park is located on the Somerset/Wiltshire border midway between the M4, M5 and A303 corridors and has excellent road and rail links, including its own access roundabout.
Other established businesses at Commerce Park include Premier Inn Hotel, Screwfix, Cox & Cox, Total Plumbing, Storagebase and Euro Car Parts.
Unit E5 is an end of terrace business/warehouse unit with a 2,452 sq ft ground floor made up of an assembly/warehouse area and the 2,437 sq ft first floor comprising a main office with additional storage rooms, board room and kitchen. There are seven allocated parking spaces and additional tarmacked yard.
Myddelton & Major was named the most active agency in Wiltshire in 2018 for the seventh year running by Estates Gazette, the weekly and online magazine of the UK commercial property industry.
Contact Myddelton & Major for more details of properties on 01722 337577 or visit www.myddeltonmajor.co.uk.