Park 66 bucks the retail and industrial trend

Avison Young has been appointed as joint agents at Park 66, Pilsworth, Bury as SLADEN Estates and Peveril Securities start work on the landmark mixed retail and industrial unit scheme.

The scheme will see Home Bargains, The Food Warehouse, Costa Coffee and KFC open their doors for trading in Spring 2019 and a further 8,790 sq ft of retail space made available in units from 1,250 sq ft.

James Goode, Senior Surveyor at Avison Young, said: “Park 66 offers high specification warehouse and industrial premises in the heart of the North West. Sladen Estate’s speculative development illustrates confidence in the market and continued demand for quality industrial units. Park 66’s adjacency to a new retail park will provide potential businesses with good levels of passing trade should that be applicable.” 

Nigel Jones, development director of Sladen Estates added:  “We are delighted to see this brownfield site being redeveloped with retail and much needed industrial units. We have secured a strong tenant line up in a tough retail market and are encouraged by the keen interest we have in the remaining retail units.”

The four industrial units, which range from 9,075 sq ft up to 24,212 sq ft, are being developed on a speculative basis and will be ready for occupation in March 2019.

“We knew that there would be keen interest in the industrial space, as there is limited supply of these size units, but with one already under offer and another shortly to be placed into solicitors’ hands, reality has exceeded expectation,” added Jones.

The industrial units will be developed to a high specification and will be available on a leasehold and freehold basis.

CBRE are appointed as joint agents with Avison Young on the industrial units with LSH, CPS and Knight Frank retained on the retail.

 

For more information, please contact:

James Goode, Manchester, Avison Young: +44 (0)161 819 8211, [email protected]