Final unit sold at Lancashire business park
Industrial developer and asset manager Chancerygate has completed the sale of a scheme in Chorley.
The 101,000 sq ft Eaton Point scheme has been concluded following the sale of the development’s final unit.
The sale of the final 3,358 sq ft unit was made to property investment company WS Properties earlier this year.
Since then the unit has been let to print and design business Chorley Print.
Located within the existing Matrix Park development, Chancerygate’s Grade A scheme includes 14 warehouse and industrial units ranging from 3,305 sq ft to 47,478 sq ft.
The development is located just one mile from Junction 28 of M6 and three miles from Junction 8 of M61.
Chancerygate development manager Chris Brown, who is based in the company’s Warrington office, said: “Demand at Eaton Point has been consistently high, even before its practical completion, and it is very satisfying to see the site now fully sold and occupied.
“The development is a great example of our ability to identify opportunities to create much needed high quality industrial space for the SME sector, especially for those businesses that want to buy their own premises. This is underlined by the range and calibre of businesses which have chosen to take up the units on offer.”
Chancerygate sold its 47,478 sq ft ‘Unit One’ at Eaton Point to real estate investment trust Warehouse REIT for £3.6m in October 2018 following the letting of the warehouse building on a five-year lease to Tilemaster Adhesives.
Other occupiers at Eaton Point include engine alternator manufacturer, C.E. Niehoff; energy-saving systems manufacturer, EnergyAce; and national electrical trade and wholesaler, Eyre & Elliston.
Founded 25 years ago, Chancerygate is the UK’s largest multi-unit industrial developer and asset manager and the only one operating nationwide. In addition to Warrington, Chancerygate has offices in London, Birmingham and Milton Keynes.
In 2019, Chancerygate invested around £60m to acquire eight sites totalling 58 acres. During the same year, the business delivered more than one million sq ft of accommodation and let or sold 72 units.
Property agents Savills and Robert Pinkus & Co. acted for Chancerygate on the sale of the unit to WS Properties.