Thursday, June 17, 2021

Eddie Stobart lets large multi-unit warehouse and distribution development in Derbyshire

Commercial property agents Rushton Hickman Ltd has let a large multi-unit warehouse and distribution development to prominent national hauliers Eddie Stobart Limited.

Merlin Business Park is located at Foston, Derbyshire and provides 134,651 sq ft (12,509 sq m) of warehouse/storage space. The development comprises of 5no. warehouse/storage units with 7.5 to 8.5 meter eaves height and loading doors.

The site benefits from a concrete surfaced yard offering extensive loading, parking and outside storage options and is secure/self-contained.

Rushton Hickman Director Mark Richardson said: “The development was previously occupied for a number of years by a haulier and completely lends itself to Eddie Stobart’s use as a warehouse and distribution site for them.

“We are seeing increasing demand in the area for large distribution bases, driven by our central geographic location and great road links, in this case with the site being easily accessible from the main A50 trunk road.

“We commenced marketing of the development late December. By February a deal to lease the site had been agreed with Eddie Stobart Ltd with completion in April. All in all the timescale has been quick and it’s a fantastic result for our client.”

Fellow Director Graham Bancroft said: “The market for both industrial and warehouse sector remains highly active with rental levels and investment returns remaining strong.

“Rushton Hickman have been consistent in our success of getting deals agreed for both large and small units over the years which has continued unabated throughout the pandemic. Both the distribution and industrial sectors remain the strongest drivers in the regional commercial market.”

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