Speculative industrial units proving popular
Rotherham’s latest 40,000 sq ft business park is already attracting occupiers looking for modern warehouse units.
Magna 34 Business Park, which was recently completed, offers 13 units ranging from 2,538 to 4,758 sq ft.
Grinding and dressing tools manufacturer Tyrolit, welding technology firm K-Tig and Mercedes Benz experts DB Automotive, vegetation management specialists VMS and e-commerce company Kwikboxe have already each taken units, with three further units currently under offer, leaving just five units available.
Kitty Hendrick from Knight Frank in Sheffield, which is marketing the development alongside CPP for owners Mileway, said: “Magna 34 Business Park is a brand new industrial development, located off Sheffield Road and Temple Road in Rotherham. The high specification accommodation is in an excellent position, close to Junction 34 M1.
“The speculative units provide modern, industrial space suitable for B8 and B2 use built to a high specification, and we have already had an excellent response in terms of interest with the space suitable for a variety of occupiers addressing the lack of small industrial units available in Sheffield and Rotherham.”
Max Pickering from CPP added: “There remains a significant lack of good quality industrial units available which has meant demand for these units has been very high. Occupiers are keen to take space that is modern and suits their needs for the upcoming years. We only have a few units left on the estate showing the success of the development.”
Magna 34 Business Park is approximately one mile from J34 M1.
Remaining units available range from 2,548 sq ft to 3,408 plus units which can be combined to offer up to 6,037 sq ft to suit any larger requirements.
Richard Armitage, senior asset manager at Mileway, added: “We’ve been delighted with the progress we’ve seen on site at Magna 34 since the scheme practically completed. It really demonstrates the strength of occupier demand for this type of product in the South Yorkshire sub-market and we look forward to completing the final few lettings on site in the coming months.”
