Commercial property specialists Andrew and Ashwell report that purpose-built premises on a speculative commercial 14-unit development at Lutterworth, which they are marketing, are now down to the final two units – less than a year after completion.
The scheme is the result of substantial investment by Leicestershire-based distribution, warehousing and property specialist HW Coates Ltd and is aimed at bridging a gap in the market for smaller business premises.
Completed last June, Cosford Business Park is one of few speculative developments to reach fruition in Leicestershire for several years. It has been met with high demand, leading to swift occupation.
Cosford Business Park is conveniently located off Leicester Road, half a mile north of Lutterworth town centre. Proximity to M1 Junction 20 makes it an excellent central point for distribution throughout the UK.
Ranging from 1,000 sq ft to 2,500 sq ft, the units are built to high specifications within a landscaped setting, suitable for a varied range of small businesses, including offices, storage and light industrial use.
Chris Park, surveyor at Andrew and Ashwell, said that Cosford Business Park had been a bold move by Coates, in a difficult economic climate.
“The scheme reflects confidence in the potential of the town and benefit of its prime central location. The high quality of the build and the size of the units has gone some way to addressing the lack of suitable premises for smaller firms.”
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