Bulleys Chartered Surveyors are set to market a large industrial site in Oldbury, which has gone up for sale for a £1.35 million price tag.
Located at 104 to 108 Dudley Road East, the offices, workshops and storage buildings are fronted by a large Victorian house and is owned by conveyor manufacturer and material handling specialists Marshall Welded Steel Ltd.
Max Shelley, an Associate at Bulleys, said: “This is an extraordinary opportunity to purchase a significant industrial site with great potential for refurbishment or redevelopment, and we’re already getting a lot of interest.
“The entire premises are on the market with a price of £1.35 million, although the vendor would consider a separate sale of the offices in what was once a Victorian house for £250,000.”
Trading under the name Marwel Conveyors, Marshall Welded Steel Ltd as a business has been based in the Dudely Road premises since the end of the Second World War.
Marwell was founded by Wilf Marshall and Stan Reavenall who sold their homes and took out bank loans to purchase the premises. The company is now run by their sons Ian Marshall and Alan Reavenall.
Outlining the history of the company, current Managing Director Ian Marshall said: “My father used to say that when they first started business, they could sell anything that they made. Unfortunately, in those days, it was very difficult to source any material to make things with!
“He and his partner started off manufacturing a diverse range of steel products, including such things as workbenches, greenhouses, fish tanks and children’s toys.
“Around 60 years ago, one of their customers complained that his overhead chain conveyor was of poor design and unreliable, and he offered a substantial cheque to produce a new one.
“This was the beginning of what became an extensive design and manufacturing capacity in the conveyors market, leading to over 70 years of successful trading.
“The company was profitable, but with uncertainty in the economy, we could see orders beginning to decline. So we decided to consolidate the business in 2019 and have decided to close the manufacturing side and sell the freehold on the premises.”
Originally, the front of the site was a large Victorian house with a rear extension; however, today this house is used as offices.
Behind the house are five factory units as well as further office space.
HIghlighting the properties potential Ian remarked: “This could make a fantastic base either for a factory or a warehouse business, and we look forward to handing over the premises to another company.