Fenn Wright conclude the sale of a substantial site in Colchester
Award-winning commercial property agents, Fenn Wright, have successfully completed the sale of the prominent former Kent Blaxill site on Layer Road, Colchester. The substantial property, totalling c. 90,000 sq. ft. over nearly 7 acres, has been acquired by The Flying Trade Group Plc, a respected local business with strong ties to the region.
“This site generated a great deal of interest given its size, location and history, and it is a significant transaction for the Colchester commercial property market. We are very pleased to have acted on behalf of the vendor, achieving a sale in excess of the guide price.” commented Michael Moody, Partner at Fenn Wright.
The Flying Trade Group Plc, which operates across multiple sectors including food service, hospitality and manufacturing, has acquired the site with a commitment to retain it for employment use. The company intends to occupy part of the premises for their own business needs and to actively seek suitable tenants for the remaining vacant space – ensuring the site continues to support local economic activity and job creation.
“We are delighted to take ownership of this landmark site and look forward to revitalising it as a thriving employment space. This acquisition reflects a vision for sustainable commercial growth and demonstrates our confidence in Colchester’s business landscape” said Suki Dulai, CEO of The Flying Trade Group Plc.
PaintWell, painting and decorating suppliers, remain in occupation of part of the site and their trading is unaffected by the sale.