Long leases agreed at Cheshire business park
Two major occupiers at a Cheshire business park have committed to lengthy leases at the site.
Acting on behalf of Carlton Holdings, chartered surveyor and commercial estate agent Legat Owen has re-let the spaces at Hurleston Business Park in Nantwich.
Located on the A51 north west of Nantwich, the five-and-a-half acre site was formerly occupied by Synetiq before the company relocated to Winsford in the summer. The site comprises industrial buildings measuring 28,000 sq ft and a large yard area to the side and rear.
The buildings have been re-let to nearby Reaseheath College on a 15-year lease.
The college, which also has a University Centre and Business Hub, has repurposed the facilities for its new Reaseheath Engineering Apprenticeship Academy and has invested £250,000 into upgrading the facilities and installing training equipment in the engineering workshops.
The site has become the base for the UK’s first bus and coach engineering academy, created in partnership with First Bus, and is delivering tailored training to First Bus apprentice engineering technicians in the maintenance of next generation, zero emission transport vehicles.
Reaseheath has also used its new academy to deliver training for Bentley Motors, enabling the company to meet its increasing need for electrification training.
The college has also moved its Construction Plant Apprenticeships training hub to the Hurleston Road site.
Graeme Lavery, Reaseheath’s vice principal (finance and resources) said: “We have been able to acquire the lease of a first class site which is ideally located and suited to the delivery of engineering apprenticeship training, particularly in the growing area of green technology, which is core to the businesses of our industry partners.”
He said the college was able to reconfigure the site and welcome the first students to the new centre of excellence just four months after agreeing the initial heads of terms.
The yard area of 2.46 acres is on a 10-year lease to Blue Machinery (Central) and will be used for the distribution and repairs of capital equipment used in the construction, quarrying, demolition, scrap and ports industries.
Pat McGeary, vhairman at Blue Machinery, said: “Locating and securing this site so quickly to meet a January deadline has enabled us to enter 2022 with a new product line and create up to 15 jobs immediately.”
Andy Butler, director at Legat Owen, said: “Sites with this potential rarely come forward in this area. By splitting the site, we have been able to agree deals with two excellent occupiers which both provide strong covenants for our client.”