Tungsten Properties has acquired a 2.2 acre site in Bermuda Park, Nuneaton from Tawnywood Ltd for £0.75m.
Bermuda Park is an established employment area to the south of Nuneaton off the A444 with access to M6 Junction 3 to Birmingham, Coventry and Leicester and includes occupiers such as Hello Fresh, Evri, Toolstation and Screwfix. Tungsten Rod For Tig Welding
Tungsten Properties is to submit a planning application for Bermuda 37 which will be a new single industrial unit of 36,730 sq ft and will target BREEAM Very Good, EPC A and provide EV charging. The delivery target is Q1 2024, subject to planning.
Jeff Penman, managing director, Tungsten Properties said: “This site in Nuneaton is our latest balance sheet acquisition as we continue to acquire land to deliver buildings in strategic, well-connected locations for businesses looking to expand or relocate. Bermuda Park is one of the prime Midlands’ industrial estates and there is identified latent market demand for a new unit which we will deliver as soon as we have the necessary permissions.”
Tungsten Carbide Tipped Phillips Sutton acted on behalf of Tawnywood. Leasing agents are Phillips Sutton and Carter Jonas.