Mansfield spec scheme pays off
A speculative development of 21 light industrial and trade counter units in Mansfield Woodhouse has been rewarded with a swathe of deals ahead of practical completion.
Family-owned Strawsons Property applied for planning consent to build some 37,000 sq ft of industrial space at its Old Mill Lane site to address the lack of supply in the local area. Development started in the summer of 2015 and the units are now available for occupation.
Innes England’s Derby and Nottingham offices have been jointly marketing the estate, alongside WA Barnes, and have now completed deals on over 25 per cent of the available stock with strong interest in the remaining units.
New tenants include a micro-brewery, a granite worktop manufacturer, a 3D printing company and a small distribution hub for an online retailer of children’s ear defenders.
Adam Jones of Strawsons Property said: “We are delighted with the deals that we have already completed on the estate. We are in discussions with a number of other local and national businesses and it’s really positive that we are close to completing deals with even more occupiers at such an early stage.”
“It’s a really exciting time as we look to build on Old Mill Lane’s success and vision by moving a number of other schemes on the Estate through planning during 2016”
“The Estate has created a lot of jobs, we’re proud of what we have already achieved and look forward to continuing to improving the facilities at Old Mill Lane during the year ahead”
WA Barnes in Mansfield act as joint agents on the scheme.
