'The time was right to sell the property' - business centre near Walsall sold for £2.5 million
Developer and property investor Goold Estates has announced the £2.5 million sale of Fairground Way Business Centre in Walsall.
The business centre, which comprises more than 26,000 sq ft of fully let commercial space across 29 units on a site fronting Corporation Street West, has been sold to Burbury Investments.
Originally built in the 1980s on a former fairground, the estate near Junction 9 of the M6 - near Walsall - provides start-up space and small units on flexible lease terms and has a strong history of occupancy.
Goold Estates acquired the property in 2002 and has since invested in its extension and modernisation, adding new office and warehouse accommodation.
The transaction marks the second deal completed between the parties, following the sale of the Gatehouse Trading Estate in Brownhills in 2022.
Anthony Williams, property director at Goold Estates, said the company is focusing its resources on larger acquisitions and development projects in the Midlands.
He said: “Having owned Fairground Way for almost 25 years, we have a strong connection with the estate and the many long-standing tenants, some of which pre-date our ownership. The flexibility of the accommodation and lease terms have supported the growth of many successful businesses.
"However, the time was right to sell the property, and we are delighted to have sold it to Burbury Investments. This is our second disposal to the buyer, with their offer accepted based on the ease and efficiency of the previous transaction.”
Goold Estates was represented by Lambert Smith Hampton and mfg Solicitors, with Invest-Ed and Ansons acting on behalf of Burbury Investments.
