A new development site on the Oakley Hay Industrial Estate in Corby has been bought to the market by commercial property agent Prop-Search, which has the potential to create significant new employment opportunities.
The 17.72 acres, known as TriPark, is naturally split into three plots. TriPark 01 comprises a 3.17 acre development site that fronts the main roundabout – the gateway entrance to Corby. Subject to planning, it is suitable to be developed for uses including roadside drive-thru take away/restaurant, quasi retail, pub/restaurant and hotel and other commercial uses.
Buildings between 50,000 sq ft and 200,000 sq ft can be accommodated on TriPark 02 which offers 10 acres. This part of the site was previously used as a large warehouse/production and HQ office facility for an international company, Catalent UK – subsequently destroyed by fire in 2011.
Finally, TriPark 03 comprises 4.55 acres and offers development opportunities for a variety of uses in sizes between 20,000 sq ft and 90,000 sq ft.
Ian Harman, a Director of Prop-Search, says: “For some considerable time there has been a lack of larger scale development opportunities at Oakley Hay and this has been reflected in the subdued transaction levels held back by the lack of available good quality accommodation.”
“Since acting on behalf of C Davis & Partners to purchase the land, we have already received positive interest in the site. This has primarily been from owner occupiers drawn from a range of sectors.”
The scheme is the latest in a line of successful developments in the region by developer C Davis & Partners – which has have developed over 610,000 sq ft in Corby since 1989. Occupiers include Oxford University Press, Saica Pack UK, Huisman Group, British Vita PLC and Imagination Europe Ltd.
Henry Davis of C Davis & Partners adds: “TriPark is a strategic location for businesses seeking excellent links to the region’s main arterial roads. We are extremely encouraged by the early interest in the site from potential occupiers but not surprised. It is clear that good secondary stock has been taken up, leaving little or no new strong strategic land for expanding organisations.”
