The shortage of commercial property has led to demand out-striping supply says commercial property agent Prop-Search, with a continued rise in occupier demand for small to medium sized industrial units in Wellingborough.
Northern Trust has demonstrated its commitment to the town, with a substantial investment into the complete refurbishment of a terrace of seven industrial/warehouse units on the Leyland Trading Estate. Three of these have already been pre-let.
Refurbishment works have recently been completed and the remaining four units – offering accommodation from 1,705 sq ft up to 11,638 sq ft in combination – are now ready for immediate occupation. The units offer newly laid concrete floors, newly clad elevations and roofs, electric sectional loading doors and a minimum eaves height of 5.5 metres. The Estate also benefits from on-site estate management and has security patrols outside of normal working hours with CCTV coverage linked to the security office.
Samantha Jones, an Associate Director of Prop-Search, said: “The continual demand for small, quality industrial accommodation has led to the inevitable shortage of stock within the market place. Many smaller and medium sized businesses looking to expand are now faced with a real problem – limited built stock and no new development in the pipeline.”
