Coates Shows Further Confidence in Lutterworth
11th May 2011
A new speculative development aimed at up-and-coming businesses is set for completion at Cosford Business Park, Lutterworth.
The construction of 14 high quality units, designed for smaller enterprises, has been attracting considerable interest, with a growing number of enquiries. Units will be ready for occupation from early June, marking one of few speculative schemes to come to fruition in Leicestershire for several years.
Cosford Business Park is conveniently located within easy walking distance, 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 1,500 sq ft, the new units are suitable for a varied range of small businesses, including offices, storage and light industrial use, with flexible lease terms on offer. Built to high specifications within a landscaped setting, they include 3 phase electric supply, water and individual supplies. Featured are forecourt parking, front loading and roller shutter doors. An internal clearance of 5.5m and can also accommodate first floor offices, mezzanine storage, or high racking. Units can also be combined to accommodate large size requirements.
The scheme is the result of forward planning and substantial investment by Leicestershire-based distribution, warehousing and property specialist HW Coates Ltd.
Richard Perry, Director of HW Coates Ltd said: “This development forms part of the continuing growth of the group’s property portfolio and we are particularly delighted to be taking the opportunity to increase our commitment within the town, thereby helping to fill a crucial gap which currently exists in the provision of premises for smaller local businesses.”
Trevor Wells of joint marketing agents Wells McFarlane added: “Speculative development in the current market is very unusual since building costs are still very high and funding for much new development by the banks has been cut back. It is good for local businesses to have new stock coming to the market”.
Malcolm Grayson, Director of Andrew and Ashwell Chartered Surveyors added: “HW Coates Ltd has a progressive approach to business and has great confidence in the market for Lutterworth, as well as for small top end units. There is very little of this kind of product available and it is much in demand. We therefore predict that this new venture will be highly successful.”
