An expanding household products firm is set to create 20 new jobs after purchasing a new warehouse.
In a deal brokered by commercial property agents Siddall Jones, the household product seller Newg420 is set to expand its current storage capacity at the Middlemore Industrial Estate in Smethwick.
Already based in the nearby Unit 83 on the same estate, Newg420 Ltd, which sells everything from washing powder to garden fertiliser and electrical lighting, has also purchased the 26,150 sq ft Unit 39.
Praising the vital role that Siddall Jones had, Satnam Singh, Managing Director of Newg420 Ltd, said: “We’re very grateful to Siddall Jones for helping us find the perfect place to increase our storage capacity.
“This new unit will eventually employ 20 new warehouse workers as we are constantly needing more space to accommodate the extra orders we are getting.
“We sell up to 40,000 different lines to both wholesale and online buyers in the household product sector, and the demand seems to be increasing because of the recent lockdown.
“People have simply been spending more at home more, and therefore are spending more money on their homes and gardens, and they are attracted to buy our products at competitive prices online.”
Middlemore Industrial Estate is close to ‘The Hawthorns’, home of West Bromwich Albion Football ground and benefits from being well serviced by train, tram and bus links.
Commercial property agents Siddall Jones arranged the purchase for an undisclosed price from Isaac Shaw Ltd, who were advised by lawyers Higgs & Sons. Newg420 Ltd represented themselves.
Iain Hogg, managing director of Isaac Shaw Ltd, said: “Siddall Jones carried out a first-class job for us on the sale of these premises and we were very glad to have used their services.”
Meanwhile, Edward Siddall-Jones, Director of Siddall Jones, said: “This property is in a great location for storage, with easy access to the Midlands motorway network.
“Unit 39 received a lot of interest despite being on a long leasehold, and we are witnessing an increase in demand for owner-occupied stock, particularly within the industrial small to mid-box sector.
“This is affordable for a number of businesses and owners who are looking to benefit from the tax benefits of acquiring a commercial property through a personal pension.
“We expect this trend to continue due to the low levels of industrial stock available across the West Midlands and the continuing low-interest rates and cost of borrowing.”
Featured Image: (L-R) Ed Siddall Jones of agents Siddall Jones with Bill Uppal and Satnam Singh of Newg420 Ltd.