Strategically located trade park now fully let
Mill Lane Trade Park, in Old Swan, Liverpool, is fully let thanks to 9,000 sq ft of new lettings and lease renewals.
Personal training company The Zone and Monty’s Bespoke Flooring have each taken 2,000 sq ft units for five years, while Cashtec, a manufacturer and distributor of cash handling and security products, has taken 1,000 sq ft over five years.
Existing tenant PNRS Building Services has moved into a larger 3,000 sq ft unit on site and the remaining 1,000 sq ft is currently under offer.
Andrew Day, senior asset manager at The Derwent Group, which owns Mill Lane Trade Park, said: “Since the trade park opened in 2017 it’s been a popular choice for local businesses, largely because of its proximity to Edge Lane and the M62, the range of small trade counter and industrial units available and the local catchment it serves.
“These new deals make for a strong and diverse mix of tenants and we’re pleased to see so many local businesses doing well, despite the challenges of recent months.”
Mill Lane Trade Park is currently home to major tenants including Screwfix, Elegant Bedrooms and Target Electrical supplies.
The park was purpose-built in 2017 as part of the wider Liverpool Shopping Park regeneration and contains 18 trade counter and industrial units ranging in size from 500 sq ft to 2,103 sq ft.
Mill Lane Trade Park forms part of The Derwent Group’s wider industrial portfolio which includes Huyton Trade Park.
Hitchcock Wright & Partners and Avison Young are the retained agents for Mill Lane Trade Park and Huyton Trade Park.
The Derwent Group is part of the Albert Gubay Charitable Foundation and operates in the retail, leisure, industrial and commercial sectors.
It owns and manages three million sq ft of commercial property, including 2.1 million sq ft of retail and leisure space.