Work is expected to start later this month on the construction of new business units after planning permission was received for the project which could create up to 50 jobs.
The development at the Humber Bridge Industrial Estate, Barton on Humber, is the latest in The Trade Yard series of sites which have been built by Allenby Commercial across East Yorkshire and Northern Lincolnshire.
The company revealed that two national brands have already committed to take units at the site in Falkland Way. Interest in the remaining units is expected to be strong because of the success of the other locations.
In East Yorkshire, The Trade Yard Willerby is full, with businesses which include Toolstation, Screwfix and Easy Bathrooms. The Trade Yard Beverley, where tenants include Toolstation, Screwfix and Howden joinery, now has only one unit available. The Trade Yard Driffield was completed and sold on as a successful project.
The Trade Yard Scunthorpe is at capacity with MKM Building Supplies Ltd, Toolstation, Howdens Joinery, Valley Carpets, Motor Parts Direct and Hayley Group. Allenby Commercial is now working on plans for The Trade Yard Immingham.
At Barton, the three remaining units offer between 3,400 and 13,600 square feet of space and are being promoted as a prime opportunity for trade, warehouse and light industrial occupiers.
Charlie Allenby, development director at Allenby Commercial, said: “Our vision is to develop a main trade hub with national names occupying some of the units and creating a one-stop-shop for businesses and DIY enthusiasts. We are aiming to break ground during the summer and the first tenants are expected to arrive in about six months.
“We have a varied portfolio of projects across the region from stylishly renovated historic properties to modern offices but we keep coming back to The Trade Yard concept because it is in demand as a format which really suits that sector. Based on our experience at the other Trade Yard sites this one could create up to 50 new jobs.”
Duncan Willey, divisional director at PPH Commercial Chartered Surveyors and Commercial Property Consultants, said: “Speculative schemes like this are generating good interest because the availability of high quality industrial/employment space is very limited at present – not much is being built.
“Regionally industrial occupation is running at about 98 per cent and there is not enough new accommodation coming out of the ground to meet rising demand. Certainly, when space becomes available at the other Trade Yard locations it tends to be snapped up quickly and in particular Barton has seen significant growth over recent years – it’s an attractive location with good road access to the Humber Bridge, M180 and M62.
“The town of Barton is continuing to see a range of new residential and commercial development as well as planned improvements to the local infrastructure.”
