A deal has been secured for an acre of land at the multimillion-pound Vesuvius development in Worksop, Nottinghamshire to Admirals Yard Self Storage which will deliver a new secure storage facility. CEG has also let a £2million contract for the highway infrastructure works facilitating the next phase of development at the site.
DTRE and FHP have been appointed as agents to market the site.
Rob Kos, Associate Partner at DTRE, said: “This latest phase of works continues to demonstrate CEG’s commitment to the scheme and by spring next year there will be two serviced and development-ready plots for local businesses.
We are currently having a number of positive conversations with occupiers and purchasers alike and as there is such a shortage of well-located supply we expect to announce more deals imminently.”
Rob Sadler from Admirals Yard added: “Admirals Yard Self Storage is pleased to announce plans for a new personal and business storage facility on land adjacent to Asda and the new Fire Station. Offering a range of drive-up unit sizes with state-of-the-art security, CEO Rob Sadler expects to open for business in early Summer 25. Admirals Yard Self Storage has facilities nationwide and is delighted to be adding the Vesuvius site to its portfolio.”
The 20-week programme of works will commence in January and will be delivered by Caddick Civil Engineering. It will include an extension of the existing spine road, construction of a new roundabout and connections to all utilities. As well as providing access for the local bus service into the site, this will release the remaining sixteen acres of development land ready for businesses to locate here.
Antonia Martin Wright, Director of Commercial Development at CEG, explained: “The quality of the first phase has ensured this is the prime industrial and business location in Worksop.
“This latest phase of infrastructure work will provide serviced land for development and I’m pleased to welcome Admirals Yard Self Storage to the site. We are marketing design and build development opportunities from 10,000 sq ft upwards and welcoming engagement from occupiers on all commercial basis.”
Vesuvius is CEG’s regeneration of a 45-acre brownfield site close to the M1 and A1(M). CEG delivered the original remediation and development platforms, alongside infrastructure including the new access roundabout and roads, working closely with the local authority and D2N2 to enable the development.
A 70,000 sq. ft ASDA food store opened in 2020, followed by Travis Perkins and Nottinghamshire Fire and Rescue’s £3.4m new fire station. CEG speculatively delivered the first phase of 16 light industrial units in summer 2021. These were swiftly let to a range of occupiers including Kitchen Craft, Escape Hot Tubs, Rother Valley Optics, electric vehicle charging specialist Powerpoint and Shark Eye’s research and design centre. There are also three food and beverage units at the site, including Burger King.