Siddall Jones has sold Swallow House, located on Shilton Industrial Estate, in Bulkington, following a competitive bidding process. Siddall Jones was instructed to dispose of the 3,741m2 asset following the insolvency of the previous occupier XK Engineering. The property has been sold to Wolf Systems also located on Shilton Industrial Estate.
Ryan Lynch, director of commercial property agents Siddall Jones, said: “We were delighted with the response to our marketing campaign for Swallow House and secured numerous bids from both owner occupier and investor purchasers. As a result, we have a number of interested parties in this area and we are keen to hear from any landlords with similar properties they wish to sell.”
Guy Hands of Cartwright Hands said: “We have been looking for a property for Wolf to expand their UK operations for some time, and when this opportunity became available, we worked quickly to ensure we secured the purchase. Thanks must be given to Ryan at Siddall Jones who ensured the deal was seamless, Simon Grindlay from BTTJ solicitors who acted for the purchasers and the team at Insight Surveyors who continue to undertake a building surveyor role.”
Ed Siddall-Jones, managing director of Siddall Jones, said: “Unfortunately, we are witnessing a far greater number of instructions, resulting from administrations and LPA receivership."