Major investment in business park pays dividends

Budworth Hardcastle

1st July 2018

Spotlight On Market Harborough

Budworth Hardcastle

SET within 16 acres of fully landscaped and well maintained grounds, Welland Business Park in Market Harborough is home to a diverse range of businesses including industrial/warehouse, trade counter, retail and office occupiers.

The business park is ideally and prominently located on Rockingham Road close to the A6 Harborough bypass and just five minutes walk from the midland mainline train station with twice-hourly trains to London St Pancras International.

Landlords Valley Way Estates are continually investing and adding value to the business park having embarked on a number of significant refurbishments and redevelopments in recent years. One such redevelopment saw planning being granted on the front of the business park for a change of use from warehouse to three bulky goods retail units of between 4,454 and 10,000 square feet. The largest unit was let quickly following completion to The Home Outlet Store of Rushden who have since expanded into the adjacent unit. The agents can report there is strong interest in the remaining unit.

Similarly lettings were quickly completed on a terrace of six industrial/warehouse units of between 1,500 and 3,000 square feet following refurbishment in 2014 and in the last 12 months a further terrace of five units which became available of 2,000 and 5,500 square feet were all let within three months. Here, units F4 and F5 were let to TGW Logistics who have their UK headquarters just across the road, Unit F3 was let to artisan gin distillery Union Distillers who continue to expand within the business park and F1/F2 were let to SRO Distribution who distribute products to the freestyle scooter industry.

Amanda Lawrence of Budworth Hardcastle said: "The strong demand we have experienced reflects the fact that there is a shortage of good-quality stock available in the area."

Work is now at an advanced stage on the redevelopment of three further industrial/warehouse units. Units D2-D4 will range in size from 4,427 square feet to 5,994 square feet and could be combined to provide 15,590 square feet. Having been stripped back to the frame the units will be completely re-roofed and re-clad to include curtain wall glazing to the front. Internally, the properties will be fitted with ceiling mounted gas fired blower heating, lighting, new WCs and T-Points. New insulated sectional loading doors will be provided to the front with dedicated car parking for each unit.

The properties will be ready for occupation in August at rents from £31,000 per annum plus VAT and the agents are keen to hear from interested parties.

Budworth Hardcastle are the sole letting agents for Welland Business Park. For further information contact Amanda Lawrence on 01536 483400 or email alawrence@budworthhardcastle.com

Budworth Hardcastle