• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Bedfordshire
  • Milton Keynes
  • Northamptonshire
  • Awards
  • Knowledge Hub
  • Contact Us
  • About Us
    • Sustainability
    • The Podcast
    • ATB TV
All Things Business

All Things Business

First For Local UK Business News

  • Education
  • Professional Services
    • Legal
    • Finance
    • Recruitment & HR
    • Creative Marketing
  • Property
  • Environment
    • Wellbeing
  • Industry
    • Industry
    • Manufacturing
    • Motors
    • Logistics
    • Technology
  • Events
    • Events
    • Food & Drink
    • Sport
  • News

Industrial market motoring along

News, Property | July 1, 2021

Industrial market motoring along

The general mood in the country over the past month has greatly improved with the easing of lockdown restrictions and more chinks of light at the end of the tunnel. The Northampton industrial property market has been moving along unabated since the start of the pandemic in March last year and shows no signs of slowing down.

There is still a high level of demand from occupiers requiring warehouse space to satisfy the insatiable demand from online consumers. We have found, over the past few months, supply of new and existing units is the biggest challenge that the market faces.

An eight-acre site in Northampton has been acquired by Trebor and Hillwood who have bought land at Crow Lane and propose to speculatively develop two units of 90,014 square feet and 57,834 square feet.

Site preparation works have commenced and a planning application has been submitted. Subject to consent, the development will start on site later this year, for delivery of units in early 2022. Drake Commercial and Knight Frank are letting agents on the scheme.

Practical completion of comprehensive refurbishments have completed on 1-2 Weddell Way, Brackmills, which provides 19,280 to 38,560 square feet of detached warehouse with secure yard. Works include new roller shutter doors, a new roof as well as comprehensive refurbishment internally. Drake Commercial and TDB are letting agents on the unit.

Refurbishment has also completed on Westgate 8, a 55,872 square foot detached warehouse on Westgate Industrial Estate to the west of Northampton town centre. The unit benefits from through loading and yards to the front and rear of the property.

The unit has been fully refurbished to an excellent standard and is ready for occupation immediately. With an eaves height of 7.8m and situated only two miles from the M1 at J16, the unit is generating strong interest.

We are marketing a new scheme of industrial units on Moulton Park on behalf of Princebuild, who have constructed six new units of 1,500 square feet. We have secured two pre-lets to major trade counter operators and have received strong interest in the remaining units. The site is well located next to Hevey builders merchants and close to the newly opened Greggs and Bewiched Drive Thru.

There has been a good level of demand for units both on a leasehold and freehold basis. There are currently fewer than 20 existing units on the market up to 100,000 square feet in Northampton, with a number of these properties close to going under offer.

It is clear that rental and capital values are rising further still, which shows no sign of slowing down given the market dynamics at play.

For more information contact Drake Commercial on 01604 620616

Northamptonshire

Related stories

  • Windfall tax on energy companies: Chancellor and business secretary need to stand their ground against the windfall tax siren calls – MHA comments Northamptonshire
    May 23, 2022

    Windfall tax on energy companies: Chancellor and business secretary need to stand their ground against the windfall tax siren calls – MHA comments

    Following the growing calls to impose a windfall tax on the profits of energy companies, to address the cost of living crisis,…
  • Howes Percival Northamptonshire
    May 17, 2022

    A trio of new partners in East Mids among five senior promotions

    Leading regional law firm, Howes Percival has announced five senior promotions in the East Mids, including a trio of new partners, Katherine…
  • Northampton High Northamptonshire
    May 9, 2022

    New Head for Junior School at Northampton High School

    Emily Hair, new Head of Northampton High’s Junior School and Nursery, brings broad primary and Early Years experience, most recently in post…

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Stay up to date on All Things Business

Subscribe to our monthly newsletter to receive the latest business news.

Online Edition

Northamptonshire edition, click here
Milton Keynes edition, click here
Bedfordshire edition, click here

Most Read

  • Howes Percival A trio of new partners in East Mids among five senior promotions
  • centre:mk Centre:mk welcomes brand new Ted Baker store to Milton Keynes
  • Windfall tax on energy companies: Chancellor and business secretary need to stand their ground against the windfall tax siren calls – MHA comments Windfall tax on energy companies: Chancellor and business secretary need to stand their ground against the windfall tax siren calls – MHA comments
  • Workplace Wellbeing Why It's So Important Workplace Wellbeing: Why it’s so important
  • MPs celebrate city status announcement MPs celebrate city status announcement

Footer

REGIONS

Northamptonshire
Milton Keynes
Bedfordshire
 

COMPANY

About Us
Contact
Awards
Podcast
Knowledge Hub
Sustainability
Request A Copy

Northamptonshire Office

1 Queensbridge, Northampton
NN4 7BF
Tel: 01604 267677

Milton Keynes and Bedfordshire Office

The Pinnacle, 170 Midsummer Boulevard, Milton Keynes,
MK9 1BP
Tel: 01908 030688

London Office

25 Bedford Square
London
WC1B 3HH
Tel: 0208 1760176

Follow us on

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

All Things Business is a publication produced by All Things Management Ltd. Registered in England No. 9590677


Privacy Policy