Enquiries for space increasing

LSH

1st June 2015

Focus On Northampton

LAMBERT Smith Hampton is seeing increased levels of enquires from applicants for units between 1,000 - 3,000 sq ft in Northampton. There is currently a severe lack of both freehold and leasehold stock in Northampton and the surrounding towns for units of this size, with significant demand for these units when they come to market, and they are quickly taken up. Unit 3 Millbrook Close, recently refurbished, measuring 1,621 sq ft is the last available at St James Mill Business Park. The property is located within the Northampton Waterside Enterprise Zone which provides occupiers existing and new the incentive of business rates relief for five years up to the value of £55,000 per annum. We have already seen strong interest in the property and terms are out to a number of parties. Along with joint agents Prop Search and Ben Coleman Associates, we are currently marketing Swan Valley Business and Innovation Centre, which is a new development of industrial units located to the south west of Northampton at Junction 15a of the M1. Phase 1 comprises four units between 1,800 - 2,000 sq ft of which three of the four units are under offer on a freehold basis and the fourth unit is generating high levels of interest. Phase 2 at Cygnet Court comprises three new industrial units measuring 3,300 to 10,000 sq ft which are also available on a freehold basis. We have received strong interest in all three units and expect these to be under offer shortly. For further information regarding commercial property in Northampton and surrounding towns, please contact Joe Smith of Lambert Smith Hampton on 01604 664366.

LSH