Major Mansfield Letting: Over 90,000ft² industrial space let on Oakham Business Park, Mansfield

May 2, 2014 1:14 pm

Lower-Oakham-Way-Resized

With demand for large industrial and warehouse units continuing apace in the New Year, available stock keeps diminishing as deals are being concluded swiftly in the early part of 2014.

Tim Gilbertson of FHP is pleased to announce the further disposal of 7-11 Lower Oakham Way on the Oakham Business Park in Mansfield with a unit of over 90,000ft² on 6.35 acres now let.

This deal, coupled with a letting announced earlier in the month at Common Road in Huthwaite, has seen over 200,000ft² let by Tim Gilbertson since the turn of the year.  With both properties let to manufacturing companies and jobs therefore secured – and indeed created – this hopefully heralds further positive news for both the property market and the economy.

The deal concluded sees this superb building on a large site let on behalf of Pall Mall Estates, long-term clients of Tim Gilbertson.

Tim Gilbertson at FHP who sourced and completed the deal commented: “The second major letting that I have undertaken at Junction 28 within the last few weeks sees over 90,000ft² of space let.  A terrific deal for my clients as a 10 year lease without break was agreed but equally the tenants have secured themselves a good quality building on appropriate terms through their agent, Jake Huntley at Capita.”

“Whilst always pleasing to secure the disposal of such a significant building and indeed for such a long term, my immediate concern now lies in trying to satisfy any number of ongoing enquires for between 50,000ft² and 150,000ft² on the M1 corridor.  Certainly over the last six months this sector has completely changed to the degree that there is so little stock available that potential occupiers are fighting hard to secure any appropriate buildings.”

“This is a complete sea change for landlords now from the conditions encountered over the last few years when the market was very much in favour of tenants and purchasers.  Now though the market has shifted to favouring landlords, owners and developers as the economy appears to be improving further, creating additional demand.  Against a backdrop of limited supply this is having an obvious and noticeable effect on the market.”

“What I am finding as a result of the lack of stock is the number of parties that I am now talking to on a design and build basis on the various schemes we have around Junction 28 and the M1 corridor.  With the ability to fast-track deals and construction times and create a ‘perfect property’ for an occupier on a leasehold or freehold basis, provided a tenant is prepared to agree long-term occupation, that it really does appear with the ongoing lack of good quality existing space that design and build deals will be the way forward throughout much of 2014 and beyond.”

“Pleasingly we have any number of sites in the region that can satisfy these design and build deals but equally I would urge any major property owner thinking of marketing their warehouse or industrial unit for sale or to let to contact me as there are any number of parties in this sector looking for space at present and the buildings are simply not available.”

For further information on the deal or to see how FHP could help you, please ring 0115 9507577.  To do your own property search to find commercial premises ideally suited to your business, please use our online commercial property search or contact us.

Categorised in: , , ,


 
 
 
 

Subscribe to our newsletter

Sign up to receive useful facts and information on finance and grants, business, property and skills (* indicates required field)

 

 

News

Upcoming Events

26.09.17

Midlands Engine market visit: TRAKO international railway fair

The second largest rail show in Europe with more than 15,000 visitors and 600 exhibitors in 20,000 sqm of exhibition space. The exhibition brings together all elements of the rail industry from passenger rail, light rail and freight, as well as infrastructure with industry attendance and participation from across the board.

26.09.17

DGP: Email marketing for success

FREE event: how to use email marketing successfully to grow your business. And the processes and legalities involved. Delivered by expert speakers at Rushcliffe Golf Club.

26.09.17

D2N2 Growth Hub: Marketing is changing

Find out about the changing face of marketing and how best to exploit it at this FREE event. Organised through the D2N2 Growth Hub and funded through ERDF.

See More >

 

 
Menu