Watling Real Estate selling substantial warehouse premises in Midlands’ ‘Golden Triangle’ for circa £8.25million
A substantial distribution warehouse premises, in a strategic distribution location within the Midlands, with direct links to the national motorway network and eastern seaports, is on the market with Watling Real Estate for £8.25 million, on behalf of the administrators of Knights of Old Ltd.
The vacant properties at 2300 and 2350 Kettering Venture Park provide 118,337 sq ft and lie on an 8.11-acre site on Kettering Parkway in Northamptonshire.
Ben Holyhead, an associate in Watling Real Estate’s Birmingham office, explained that the warehouses are within the East Midlands’ ‘Golden Triangle’, considered the UK’s premier distribution and logistics location, offering access to approximately 90% of the UK population within a four-hour drive time.
The site lies adjacent to Junction 9 of the A14, providing direct links to the M1, M6, A1(M), M11 and Felixstowe seaport.
Unit 2350 provides 103,143 sq.ft, whilst Unit 2300 provides 15,194 sq.ft., both comprising modern distribution warehouses, with ancillary office accommodation and secure yard and circulation space.
Mr Holyhead said: “These two modern distribution warehouses present excellent asset management and extension potential, and offers in the order of £8.25 million are invited for the freehold interests.
“The warehouses are presented to a modern distribution specification, with clear internal height of up to 10m, up to 50m yard depths, multiple dock level loading doors and a large, secure yard, with a low site coverage of 27%.
“The properties are also capable of being independently occupied owing to separate titles and mains services.
We expect the premises to be of interest to distribution, logistics and warehousing operators, alongside property investors.”
Further information can be found by emailing Ben Holyhead at firstname.lastname@example.org.
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For further information, please contact:
Ben Holyhead, Associate, Watling Real Estate, 75-77 Colmore Row, Birmingham, B3 2AP.
Issued by ASAP PR – 07990 978257
Watling Real Estate was created on 1 June 2023 by a management buyout of the real estate restructuring division of Avison Young. The business is headquartered in London with a network of offices in Birmingham, Manchester, Leeds and Bristol, providing national coverage with the benefit of local and regional expertise. It has a team of 20+ professionals offering a multi-disciplinary real estate advisory business and will immediately become one of the UK’s largest real estate restructuring consultancies.
The team, originally part of the GVA business and more recently Avison Young post-merger in 2019, is one of the most highly regarded and experienced real estate advisors operating within the restructuring and recovery marketplace. Over the past decade, the team has advised or transacted on real estate with a total value of over £11 billion, having worked on some of the most significant real estate restructuring projects in the UK.
Watling Real Estate is backed by Bassi Capital, a private family office with extensive core investments in the real estate sector including publicly listed companies, private limited companies, and joint partnerships. https://bassicapital.com/