Work to transform a vacant warehouse close to the M40 in Warwickshire into a base for a modern logistics facility has been completed.
The refurbishment of the unit of around 40,000 sq ft in Southam would provide the opportunity for a logistics operator to set up in the heart of the distribution network.
The Wigley Group, the property, development and construction company headquartered at nearby Stockton, acquired the unit in Northfield Road last year and has since invested in the region of £75,000.
The overhaul has created a large, open warehouse facility, which benefits from nine-metre eaves height for large-scale storage, with improved offices, goods yard and parking.
Its accommodation and close proximity to motorway links is expected to appeal to a wide cross-section of logistics operators, including last-mile delivery.
Chris Parsons, property manager at The Wigley Group, said: “The unit was a strong addition to our portfolio when we acquired it last year and we believe our investment will help fulfil its potential.
“The warehouse was full of floor-to-ceiling racking which we have removed along with a mezzanine to create a large, open and clean space with lighting and new flooring.
“We have also refreshed the offices, and carried out landscaping works to make the goods yard and parking more presentable. The whole refurbishment has really transformed the unit’s appearance and potential.”
The unit has been renamed Southam 40 to reflect its size and proximity to the M40, and the leasehold is now being jointly offered by commercial property agents Bromwich Hardy and MWRE.
Tom Bromwich, partner at Bromwich Hardy, said: “Southam 40 has been refurbished to a very high standard and provides excellent warehouse accommodation and ancillary offices with a secure yard and parking.
“Southam is ideally located within easy reach of the national motorway network and easily accessible from Leamington Spa, Coventry, Daventry and Banbury. The unit is available for immediate occupation and we are confident of receiving strong interest.”
Adam McGuinness, director at MWRE, said: “The year to date has seen high levels of take up within the industrial and logistics warehouse sector with demand increasingly linked to the growth of online retail.
“Southam 40 has the potential to offer a ‘last mile’ function for larger national operators, and their logistics providers, or a main facility for growing regional businesses – all of whom will benefit from the proximity to the M40, and occupational cost savings when comparing the options in the neighbouring centres of Banbury and Leamington Spa.”
