Barmston Developments has secured the sale of a brand new 41,500 sq ft warehouse/industrial unit at Enterprise 36, a prime four unit scheme strategically located along the M1 Corridor in Tankersley, South Yorkshire.
Unit 3 has been bought by label printing specialists Dura ID Solutions Ltd in a circa £3.55m deal.
This latest deal follows quickly on the back of the sale of Unit 4 to Williams Rowlands in April, leaving just two options available – a unit of 77,000 sq ft available for sale or to let, which is due for completion in January 2020 and a fully prepared plot which has planning for 100,500 sq ft.
Enterprise 36, which is located 1 mile from J36 of the M1 and benefits from excellent access to the motorway network and South Yorkshire region, is being developed by Barmston Developments, a joint venture between Wilton Developments and Clugston Estates who began work in March 2019 to speculatively build Units 2, 3 and 4.
Unit 3 offers versatile high spec warehouse/industrial accommodation comprising 38,750 sq ft of space with 2,750 sq ft office provision. Unit 2 is currently under construction and is already attracting strong interest from potential occupiers. Unit 1 is available on a Design and Build basis with site preparation completed and detailed planning in place for the building, allowing delivery within the next 12 months.
Jason Stowe of Barmston Developments said: “The JV is delighted to announce the second sale to Dura ID Solutions Ltd on our popular scheme. We are grateful to Barnsley Metropolitan Council for the support and belief they have shown in Enterprise 36 and this is now being reflected in the second sale on the scheme with only three months into construction.
“Unit 2 is under way and will provide 77,000 sq ft of high quality distribution or manufacturing space of a size and quality which is not readily available in the region.”
Barmston Developments is being supported by Barnsley Council’s Property Investment Fund and their Enterprising Barnsley investment team, who have provided help and advice alongside specialist business coaching to Dura ID.
Coun Tim Cheetham, Barnsley Council’s Cabinet Spokesperson for Regeneration and Culture, said: “Enterprise 36 is proving to be a real success story and further demonstrates that our Property Investment Fund is creating high quality jobs and boosting our local economy.
“We’re delighted that the company has chosen to expand to Barnsley and look forward to supporting their future growth. By working in partnership with Barmston Developments, they have been able to provide first class premises for expanding businesses and our positive relationship will continue, as we promote the remaining development in this excellent location.”
Mike Baugh, senior director at CBRE Leeds, said: “We are delighted to be working with Barmston Developments on this impressive scheme. The early deals concluded demonstrate the quality of the location and specification and offers one of very few opportunities along the M1 corridor. We anticipate continued interest in Plot 1 & Unit 2, particularly given the lack of stock in the market currently.”
Ed Norris, partner, CPP, said: “The Dura transaction shows the high demand for units in a great location and for a quality product. Enterprise 36 offers occupiers both and we fully anticipate the remaining two units to generate further interest in the very near future.”
CBRE is acting as joint agents on the scheme with CPP.