Acting on behalf of Westcott Leach LTD, the owners and developers of Swallow Business Park near Hailsham, SHW have agreed terms with a potential tenant on units 5,6,7,8 and 9 in Block E totalling 12,712 sq ft.
Blocks E and G totalling 54,067 sq ft are currently under construction with Block E due to be ready for summer 2018. Both blocks are capable of subdivision into smaller units from 1,571 sq ft in Block E and 3,175 sq ft in Block G.
The units will be available on new leases at a quoting rent of £8.00 per sq ft.
SHW report strong interest in the business park which already houses Vacgen in a 35,000 sq ft building. SHW are also in discussions with another company seeking 20,000 sq ft in Block G.
David Martin of letting agents SHW said: “The availability of these new units has come at just the right time with the lack of available industrial and warehouse stock in the East Sussex area.”
He reports interest from companies from all parts of East Sussex and believes that the quoting rent is very competitive when compared with the rents currently being generated for new industrial and warehouse stock. He also says the key with Swallow Business Park is the flexibility offered by his clients in terms of the sizes of unit and the fact they can be combined to provide a whole range of sizes.
Westcott Leach Ltd are also currently completing the first phase of their development at Eastside Business Park in Newhaven where two blocks of 12,500 sq ft have been pre let with work on a further 60,000 sq ft in three terraces due to commence in the spring.
