Salmon Harvester Properties’ decision to make a speculative start to its Axiom at Orbital Park industrial and warehouse scheme in Ashford, Kent has already borne fruit with the signing of an 8,000 sq ft pre-let to Howdens.
The kitchen and joinery trade retailer has signed a 15-year lease at a rent of £9.50 per sq ft.
Salmon is self-funding the £8m project which will see 55,000 sq ft built in seven units ranging from 3,000 sq ft to 12,500 sq ft. It has appointed Weiser Construction as main contractor and work started this month.
The development is within minutes of Junction 10 of the M20 providing easy access north towards London and south to the Channel Ports.
The units will be available on a freehold or leasehold basis and ready for occupation in Spring 2016. Some adjacent land is also available for design and build projects or for sale to owner occupiers.
Salmon Director, Pat Mahoney commented: “There is a dearth of high quality small and medium sized industrial units in east Kent and we have been vindicated in our decision to make a spec start by this pre-letting.”
Strutt & Parker and Altus Edwin Hill are joint agents. Howdens was not represented.
