£3.5m Humberston business park launches with a focus on prestige build
25th April 2017
A £3.5 MILLION speculative office development has been completed, with a first occupant now being lined up.
Bramall Properties has brought forward the 20,000 sq ft scheme to the rear of Altyre Way, Humberston, on what has been adopted as Blossom Avenue.
It has delivered business and investment opportunities on a significant element of a 12-acre site that has been held by the West Yorkshire operation for nearly a decade, with those behind it hoping the quality and location choice shine through.
Dominated by car dealerships, it was the motor industry that attracted development company managing director Tony Bramall to the site, when he moved the area's Audi dealership from Cleethorpe Road, Grimsby.
Then operated under the Bramall and Jones banner, the first two-and-a-half acres were developed for the dealership, now part of the West Yorkshire-based JCT600 portfolio, having been sold two years after the switch.
More recently Trenton Nissan has moved on, with Bramall selling the three-acre parcel it has been developed on.
Mr Bramall, who attended the launch, said: "There is certainly interest, and as we have only just finished the build, this is the real start of the marketing campaign.
"We already have a number of people to follow up with, we have signed up one and there is another potential tenant in the course of being signed up.
"They are all speculatively built, it is new office space which will suit insurance companies, accountants or small business with a need. Each unit has its own front door and they property is well specified.
"We are hoping they will go well, the sites look well, and we are hoping that by the end of the summer it will be starting to fill up."
Trilandium, of Boston Spa, near Leeds, was the principal contractor on the scheme. When the build began, as reported in Business Telegraph in August 2015.
Duncan Willey, divisional director for PPH Commercial, is a joint agent for the site alongside Scotts. He said: "The development is now complete, we have seven units there ready for occupation, with one unit under offer and due to complete very shortly.
"It is one of the first speculative developments to take place in North East Lincolnshire for a number of years, and it provides good quality office accommodation which is very energy efficient, with good levels of site car parking. It has been finished to a high standard."
Suites range from just under 250 sq m (2,650sq ft) to just under 550 sq m (5,877 sq ft).
"We are having discussions with a number of other parties now," Mr Willey said. "It is rare that accommodation is available for lease or sale. Offering the premises for sale will suit a company keen to own or someone looking to set up a pension fund, and it is absolutely ideal for that."
Lawrence Brown, managing partner at Scotts, said: "This is the newest addition to Grimsby's office stock and it is great to see some developer confidence in the market and to see building coming forward.
"This is an opportunity for someone to take offices in an attractive location that is easily accessible."
The remaining land features plans for a 50-home development on the land that wraps around the back of Tesco.
"We have outline planning permission for that," said Mr Bramall, who said a condition was the commercial aspect would be delivered first. It will either be sold as developable land with the consent, or delivered like Hewitts Business Park has been.
"We have had one or two people expressing interest in buying the site, but nothing concrete to report," he said.
"We just want to get the offices dealt with first then if we don't get an offer that is acceptable we will do it ourselves."
News Courtesy: www.humberbusiness.com