UNITS ALMOST FULL AS MARICOTT COURT NEARS COMPLETION

All units offered for sale at a new £3 million commercial property development near Leamington Spa have been snapped up as work continues to complete the scheme.

Ten units at the 13-plot Maricott Court development, next to Holywell Business Park in Southam, are now sold or under offer. Discussions are being held with prospective tenants for the final three rental properties scheduled for completion early next year.

Commercial property specialists ehB Reeves, based in Leamington Spa, have been marketing the units for lease and sale freehold. They range in size from 1,873 sq ft to 6,268 sq ft. Simon Hain, director at ehB Reeves, said: “We’ve had a real mix of owner/occupier and buy-to-let investor interest so we’re confident of seeing an equally diverse mix of businesses setting up in these units.

“The interest in this site is indicative of the demand for high-quality commercial properties. This has been a very successful and sought-after scheme since its inception.”

The Maricott Court development is the final phase of the Holywell/ Northfield Road site, which is already home to businesses including Tesco, HAB International and DYWIDAGSystems International.

Park Sheet Metal signs up for 35,000 sq ft unit in Nuneaton

A Coventry-based automotive supplier has secured new premises in Nuneaton for its main warehouse and distribution centre.

Park Sheet Metal has agreed a 10year lease on a 34,869 sq ft unit in Harrington Way, Bermuda Park, with landlord Warmflame Developments.

Joint agents CBRE and Burbage Realty advised Warmflame Developments on the letting.

Park Sheet Metal supplies metal components and assemblies, predominantly to the niche automotive sector. Customers include Aston Martin, Bentley and BMW. Warmflame Developments acquired the unit from Milsco earlier this year and completed a full refurbishment of the property.

Paul Hodge, managing director of Warmflame Developments, said: “We went under offer on the unit and completed within four weeks, demonstrating our ability to move quickly using our balance sheet.”