Drake & Partners are pleased to report a very positive last 6-18 months in the M1 corridor Midbox market.
We class Midboxes as industrial/warehouse units that comprise of between circa 20,000 to 100,000 sq ft.
These units have proved popular for larger national logistics operators who want a smaller local/regional facility, as well as growing UK firms and overseas companies that are looking for a UK facility.
The location between Milton Keynes and Rugby is also very popular as companies look to take advantage of the position in the heart of the golden triangle, which means more than 5m people are within a 1hour drive.
Examples of this activity include the following deals that Drake & Partners have agreed over the last 12 months or so:
82,000 sq ft let to Arcese at Swift Valley Rugby.
52,500 sq ft let to YDH International at Swift Valley Rugby.
40,500 sq ft let to Renewable Micro Systems at Binley IE Coventry
40,000 sq ft let for Jelmac Properties at Parkfield Business Park Rugby.
39,000 sq ft let for Hampton Brook at Tiffield Road Towcester
52,000 sq ft sold to Rotherhill on Swift Valley Rugby
34,000 sq ft sold for Travis Perkins on Lodge Farm Northampton
33,000 sq ft let to Mainetti at Swift Valley Rugby
33,000 sq ft let to Walkerpack on Brackmills Northampton
32,000 sq ft sold for Belmont Press on Lodge Farm Northampton
30,000 sq ft let for Pall Mall at Glebe Farm Rugby
28,700 sq ft let for Cleveland Cable at Wolverton Milton Keynes
27,500 sq ft let to Midland Automation at Baron Avenue Earls Barton
27,000 sq ft sold to MFS on Royal Oak Daventry
21,000 sq ft sold to Instrumel on Denington Road Wellingborough
If you need advice on letting or selling your midbox unit, or you are an occupier looking to acquire new premises, we would be delighted to assist you. Please do not hesitate to contact us on 01604 620616 and we can direct you to a surveyor best positioned to help you.