Barker Storey Matthews - Industrial Letting - Peterborough, Three Units Let

Date: 04 Sep 1997

Industrial: Peterborough, Three Units Let

Acting on behalf of Legal & General, Barker Storey Matthews and the IO Group Ltd have let three warehouse/industrial units totalling 3289 sq m (35,400 sq ft) on the Wainman Road Industrial Estate in Peterborough.

Business Post have taken unit 20 comprising 1096 sq m (1 1,800 sq ft) at a rent of £26,550 per annum on a new 3 year lease, Phoenix Hydraulics have taken unit 21, a similar size unit on similar terms and Lordmart International Ltd have taken unit 23 again comprising 1096 sq m (1 1,800 sq ft).

The last remaining unit of a similar size, no. 22, is under offer for sale and should complete shortly.

The success follows on from an earlier letting in February this year when A-Line Systems Ltd took 3,456 sq m (37,200 sq ft) on a new 5 year lease.

Jonathan Hand of Barker Storey Matthews comments "the refurbishment of the estate undertaken at the end of last year had paid dividends. Around 8130 (87,500 sq ft) will have been disposed of by the end of the summer, leaving only 2192 sq m (23,600 sq ft) vacant, representing 10% of the total floorspace, compared with over 50% this time last year."

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