Nevandi Ltd. recently commenced the development of 14 warehouse/light industrial units on a site adjacent to Ideal Home Shopping in Newark Road, Eastern Industry, Peterborough. The development has been called Newark East.
Construction has commenced on 14 units ranging in size from 1,800 to 15,000 sq ft, although the combinations are available up to 26,000 sq ft. Andrew Beeson of Nevandi Ltd. commented “We have seen an ever increasing demand for industrial units in Peterborough. There are very few opportunities for quality modern space with good eaves height and parking. Newark East will lead the market for industrial space with the estate having been designed to allow all units some visibility onto the main road”.
Barker Storey Matthews have been liasing with Nevandi Ltd. on the development. Richard Jones, Barker Storey Matthews added “We have already seen the first unit of some 15,000 sq ft reserved and strong interest being shown in other units. Design is flexible to allow additional office accommodation to be built if expansion is required or connecting units to be combined. The site has now been cleared and we are expecting the first units to be available for occupation in early summer 2017”.
Units are available to let at rents from £12,950 per annum exclusive.
