Speculative development pays off as Marrtree scheme fills up

A NEW North Yorkshire business park scheme is proving popular as a trio of companies have recently signed up for space.

Enterprise Rent-A-Car, Redcape dog grooming suppliers and Redline Specialist Racing have taken up almost 9,000 sq ft of commercial space at Marrtree Business Park, a scheme located on the St James’ Business Park in Knaresborough.

Only three units out of a total of nine remaining, totalling 1,685 sq ft each, are available and still to let.

A further two units – measuring almost 6,000 sq ft in total – are currently under offer to another two occupiers.

Property consultants Carter Jonas and chartered surveyors Carter Towler are joint letting agents for the scheme.

Marttree Business Park at St James was developed speculatively by Otley-based Marrtree Investments.

Carter Jonas’s letting agent Chris Hartnell said: “Marrtree provides much needed good quality light industrial units – reflected in the fact that we were already experiencing strong demand before the scheme was even completed at the end of last year.

“This strong level of demand reflects a greater degree of business confidence and a distinct lack of suitable alternatives across the district.

“Marrtree Business Park is one of only a handful of speculative developments that have completed in the last few months and it has really paid off.”
 
John Graeme of Redline Specialist Cars said: “The Marrtree scheme has provided us with the much needed space to help facilitate the continued growth of the business. We have been located at St James Business Park for five years and its accessibility for customers and clients make it the perfect location for our business.”