The take up of units at a new business development in East Preston has been a resounding success with only a handful of units still available, reports commercial property consultants Robert Pinkus & Co LLP.
Ribble Court is the most recent 23,500 sq ft speculative development to be built by Tustin Developments Ltd at Red Scar Business Park, East Preston. With 40% of the units pre-let, construction took 9 months and was completed in late May 2017. Only three out of 16 units, a total of 3,000 sq ft, remains available to lease.
New occupiers include Vuetek Systems Ltd, Nutree Life Ltd, Music Matters and Glue QA Ltd.
Richard Hargreaves, Commercial Property Manager at Tustin Developments said: “Our decision to proceed with the speculative development of Ribble Court is proving to be successful and we are delighted with the take up rate of units.
“Red Scar continues to be a vibrant employment area, attracting new businesses due to the competitive rents, quality of units and the strategic position of the site, offering easy access to the motorway network. As the popularity of the development shows no sign of abating, we have decided to press forward on the further development of Phase 2 and hope to start on site in early Spring.”
Phase 2 will offer two units of 6,000 sq ft and 8,000 sq ft, capable of division into multiples of 2,000 sq ft with yard space. Completion is anticipated for late Summer 2018.