Record rent secured at South Yorkshire business park

RECORD rent has been secured for a South Yorkshire warehouse which is evidence of the “current demand and ongoing confidence” in the area, according to the agent who acted on the deal.

Property consultancy Commercial Property Partners (CPP) has let Unit 3 Magna Way in Rotherham for a record rent of £5.95 per sq ft for an existing unit.

Unit 3 at Magna Business Park, a 19 acre scheme with both industrial and office space, close to J34 M1, offers warehouse with ancillary offices, dedicated parking area and a secured service yard.

The 16,975sq ft warehouse was let to Element Materials Technology Sheffield, which specialise in materials testing and product qualification testing for the industrial sector.

Ed Norris, partner at CPP, said: “Despite the current political climate, we received a significant level of interest for this property, and the high rent we subsequently secured proves the current demand and ongoing confidence within the area.  
“We wish the new tenants every success in their new premises.”

Colliers International acted for the tenant.