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Acting for private clients, Whybrow are delighted to report the sale of a 3.5 acre industrial site on the northern edges of Colchester, Essex immediately adjoining the A12/A120.

Following abortive negotiations to let the site, this was immediately remarketed with several offers being received from a mix of owner/occupiers and developers.

 After extensive negotiations, a freehold sale was agreed to an Essex based business, Surya Foods based in Harwich, £100million turnover business who are the leading importer of rice into the UK.

An unconditional exchange was agreed within three weeks of legal Heads of Terms being issued, completion taking place in January 2019.

Ewan Dodds BSc FRICS commented 'Colchester has experienced a significant shortfall in quality employment land, this sale therefore reinforcing a unique opportunity for an owner/occupier to develop and own their own land in such a strategic position, close to a major intersection of two trunk roads. We are delighted to sell the site to Surya, their purchase completing within the agreed timescales and we wish them every success in their future plans.

 

#freehold #purchasers #sales

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