The lack of small modern industrial/business units in Northampton has sparked serious interest in Decorum Estates’ exciting new 17,600 sq ft development on the Swan Valley Business and Innovation Centre, just off junction 15a of the M1 motorway.
The joint agents, Prop-Search, Ben Coleman Associates and Lambert Smith Hampton report that over 55% of the new small unit scheme – Cygnet Court – has been pre-sold, with a further unit of 2,000 sq ft under offer.
As a result of this early success, Decorum Estates has committed to speculatively developing the remaining units. Work has now commenced with the units being completed in April 2016.
Chris Carlisle, Director of Decorum Estates, comments: “Demand for new build small industrial/business properties has risen sharply this year, which has resulted in units being snapped up. Part of the popularity of Swan Valley for occupiers is its location. It is situated just two minutes from Junction 15a of the M1 motorway – yet still enjoying a semi-rural working environment with views over open fields.”
“We’ve worked very hard to deliver what occupiers want and I am confident that the quality of the buildings will ensure we see all the units occupied very quickly.”
Richard Baker, a Director at Prop-Search added: “We have received a high level of interest in the scheme so far and a significant increase in enquiries over recent months. Interest is primarily coming local investors as well as owner occupiers.”
“This development is vital for the Northampton industrial market, where a severe lack of small to medium scale development has had a major impact on new and expanding SME’s wishing to relocate to new high quality premises. Cygnet Court is the first speculative opportunity of this kind in the area and we anticipate the high level of interest will continue as the development progresses.”
