TRAVIS PERKINS SECURES DUDLEY BASE

Travis Perkins has acquired the freehold of its Peartree Lane premises in Dudley, in a £1.3million deal. 

The builders’ merchant previously let the prominent roadside warehouse from Wesleyan Assurance Society, a Birmingham-based mutual. 

MK2 Real Estate was instructed to sell the asset, which comprises a 15,953 sq ft premises and a 13,993 sq ft yard on a one-acre site. 

Travis Perkins has more than 550 branches around the UK. It had a 25-year lease on its Peartree Lane premises, which expired in 2026. 

Mark Rooke, a director in MK2’s investment team, advised Wesleyan on the sale. 

He said: “With Travis Perkins’ lease approaching expiry it was a good time for Wesleyan to sell the asset and an opportunity for the tenant to purchase the freehold, securing its continued occupation at a key trading site.”

The sale reflects a net initial yield of 6.34% and a capital value of £81 psf. 

ENDS