A leading commercial van hire company has chosen a Bedfordshire industrial estate to expand its operation.
Northgate Vehicle Hire has signed a 10-year lease for 18 Cosgrove Way – a 9,875 sq ft trade counter/warehouse unit – in Luton.
The unit, marketed by the Luton office of national commercial property consultancy Lambert Smith Hampton (LSH), will be a new location for Northgate as it looks to expand and provide efficient and effective fleet solutions to meet the needs of businesses in the region.
Cosgrove Way sits within the Dallow Road area, close to the M1 Junction 11 and Luton town centre. Nearby occupiers include B&Q, Aldi, Kwik Fit, Plumb Center and Partco.
The unit, which has recently been fully refurbished, has a 0.41-acre secure yard providing servicing and parking and is situated on one of the main trade counter destinations in Luton.
The new depot is ideally equipped to service the needs of Northgate’s growing fleet size in Luton, with up to 80 vehicles housed there at any one time, and is expected to eventually hold full workshop facilities. The new branch is set to create seven jobs in the first year of operation and a further 10 full-time vacancies from year three onwards.
The Northgate deal follows other recent lettings at the industrial estate, such as Mr Clutch Autocentres and Euro Car Parts. There is now just one vacant unit (4,425 sq ft) remaining.
Dan Jackson, senior surveyor in the industrial team at LSH, said: “Cosgrove Way has attracted a lot of interest, with four lettings completed last year. Supply within Luton and Dunstable, especially of new or refurbished stock, continues to be limited so businesses will need to act fast if they want to secure the last unit.”
To view the remaining unit, please contact Dan Jackson on 01582 878 288 or email [email protected].
Lambert Smith Hampton acted jointly with Birmingham-based roadside and trade park specialists Bartlett Properties to secure the letting on behalf of Dunmoore Properties.
Vail Williams acted on behalf of Northgate Vehicle Hire.
