Sunday, April 28, 2024

Speculative Rotherham industrial units proving popular addressing the lack of supply

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 and is proving popular, responding to the continued demand across the region for small industrial and warehouse units.

Grinding and dressing tools manufacturer Tyrolit, welding technology firm K-Tig and Mercedes Benz experts DB Automotive, tool manufacturers Tyrolit and car dealership Trade Centre Yorkshire 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.”

Features on site include 6m eaves height, fitted office accommodation, three phase electricity, kitchenette and WC facilities and full height, roller shutter loading door access.

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 offering excellent connectivity across the region.

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.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.








Latest news

Related news