Major Property Deal in Southam Completed
September 4, 2019
Up to 100 new jobs could be attracted to Southam after a major property deal was completed.
The Wigley Group – a Warwickshire-based independent property development, investment and construction firm – has purchased the former Tichsa building on Northfield Road in the town.
The firm is looking to let the 40,000 sq ft building, and it has already generated interest from a range of users across the region.
Leamington-based Wareing & Company is marketing the building for The Wigley Group, and has had enquires from manufacturing and engineering companies as well as logistics businesses.
Bill Wareing, of Wareing & Company, said: “The deal to purchase for The Wigley Group had not been completed before we had interest from companies looking to expand.
“There is unquestionably a shortage of buildings of this size across the region while at the same time we have a thriving economy and Southam is a good location.
“We expected to get interest from the logistics sector but we have had more than one manufacturing and engineering company expressing an interest as they are looking to expand and see this as the perfect opportunity.
“Suitable accommodation for expanding firms in that sector is not easy to come by and a lack of it can mean companies either moving from the area or not reaching their potential, so hopefully this might fit their bill.”
The modern high-bay building with offices is located on the main industrial estate in Southam and boasts an eaves height of approximately nine metres, rising to around 13 metres at the apex, making it an attractive space for large-scale storage and it is extensively racked.
It also includes a 2,000 sq ft mezzanine, two self-contained internal office blocks, goods yard and on-site parking with 46 spaces.
Wareing & Company and Bromwich Hardy are jointly marketing the property.
James Davies, of The Wigley Group, said: “We recently moved our headquarters into the Southam area and it has been brilliant for staff and for clients. We are in easy reach of Leamington, Daventry, Coventry and Banbury and there is great access to the regional motorway network.
“While we are always looking to add to our portfolio, we are very particular about our investments, but the attributes of the building allied with the advantages we have found being located in the area made this an attractive proposition – as we hope it will be for potential tenants.”
Further details regarding the lease are available through Wareing & Company on 01926 430700 and Bromwich Hardy on 024 7630 8900Back to News