Addington, in partnership with EPISO3, an opportunity fund advised by Tristan Capital Partners, has appointed Avison Young to market its freehold industrialdevelopment site , Bradbury Works, in Braintree, Essex for offers in excess of £6 million.
The site extends to just under 9 acres and Addington has recently secured planning permission for 196,000 sq ft of new B2/B8 accommodation. It is already in discussion with potential tenants for the new space as there is very little supply of new quality industrial units in the area.
Steven Vaughan of Addington commented “We have received a number of unsolicited offers for the site but given the level of interest we have decided to formally market it. This is a good quality site and in a good location, and given current investment demand for the industrial sector, we believe it will do well.”
