Hodgson Elkington LLP - Mixed-Use Development - Lincoln

Date: 05 Aug 2008

Construction work has started on a new £1.8 million business park off Doddington Road Lincoln which holds out the prospect of creating up to 50 new jobs.

The Newlin Business Park situated on a one acre former gas distribution 'brownfield' site on Exchange Road, off Doddington Road will provide fifteen small to medium sized workshop / warehouse units for sale or to let. The first phase of five units is scheduled for completion by October this year.

"We believe Newlin Business Park is ideally located in Lincoln's main business district to the south west of the city with Doddington Road providing direct access to the A46 Lincoln Bypass and the city centre is easily accessible via Tritton Road. We have already considerable interest with pre-contract possibilities in the pipeline," said Philip Laing, managing director of Lincoln-based developer, Laing Development Limited.

"We currently have two deals agreed and with solicitors and we have interest in further units. Developments on speculative schemes such as this are becoming increasingly rare but this one is proceeding as planned because of a good level of forward interest and because there is still good demand for small freehold units where businesses can buy their own premises for under £100,000," said Daniel Race, partner at Hodgson Elkington LLP, chartered surveyors who are marketing Newlin Business Park.

Birds Eye View of Newlin Business Park