POTENTIAL DEVELOPMENT SITES
POTENTIAL DEVELOPMENT SITES SUMMARY
Total Areas
11 areas for potential development totaling circa 3.48 acres (151,740 sq ft )
Vacant Units
Currently all unoccupied
Estimated Rental Value (ERV)
£151,740 per annum
ERV per sq ft
£1.00 per sq ft / £43,560 per acre
ASSET MANAGEMENT OPPORTUNITIES
- The site offers eleven substantial areas with potential for development into open storage or modern industrial units. These projects could significantly enhance the estate’s income profile. The areas vary in size, ranging from 0.08 acres to 1.14 acres, providing opportunities for a variety of unit sizes. With a 45% site coverage, the largest unit could be up to 22,000 sq ft, or alternatively, the area could accommodate a new-build terrace of smaller units.
- Alternatively, these areas could be developed into well-planned car parks, providing ample parking spaces for existing occupiers and their customers.
