Units close to full at £3 million Southam development
All units offered for sale at a new £3 million commercial property development in Southam have been snapped up, as work continues apace to complete the scheme.
Ten units at the 13-plot Maricott Court development, adjacent to Holywell Business Park, are now sold or under offer, with discussions ongoing with prospective tenants for the final three rental properties.
Phase one of the build, comprising the first two units, was completed in June, while units three to 10 are due for completion late summer.
The final three units are scheduled to be completed by early 2020.
Commercial property specialists ehB Reeves, based in Leamington Spa, has 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 in the site, so we’re confident of seeing an equally diverse mix of businesses setting up in these units.
“We’ve said all along that the interest in this site is indicative of the demand for high-quality commercial properties, regardless of the fears over the potential impact of Brexit.
“The construction of the first two units is complete and we’re expecting units three to 10 to be finished before the end of the summer.
“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 DYWIDAG-Systems International.