The stabilisation of interest rates has neutralised the uncertainty in the commercial property market. Investment property transactions have surged, with the demand from local buyers for investment and owner-occupier buildings increasing since this time last year.
Tom Johnson, a Director at Mounsey Chartered Surveyors, commented, “Now that the interest rates have settled, we’re seeing rising levels of stock coming to the market with healthy levels of interest. We’re optimistic that the market will continue to perform at this level for the rest of the year.”
Have you thought about the disposal or acquisition of your commercial property?
So far this year, we’ve completed lettings totalling over 205,000 sq. ft. including Newfield Works in Sandyford, Fenton PXP and Unit 5 Old Whieldon Road.
Newfield Works
Acting on behalf of Network Space Management, we’ve completed multiple lettings on the Newfield Industrial Estate in Sandyford, Stoke-on-Trent. The 123,072 sq. ft. commercial site comprises a range of offices, industrial units and compounds, with the lettings finalised following a successful marketing period with the site now fully let for the first time in years.
Fenton PXP
We’ve recently let two units located on the popular industrial estate, Fenton PXP, achieving two new headline rents – meaning that the site is now fully let. Working on behalf of Sandyford Properties, we had both Unit 1 Flynn Row and Unit 6 Little Row let after a very short period, with one tenant identified prior to marketing.
Unit 5 Old Whieldon Road
Acting on behalf of one of our retained clients, PMW Property, we have also completed the letting of Unit 5 Old Whieldon Road. The property comprised of a large, semi-detached, steel portal framed industrial unit amounting 46,046 sq. ft. We helped to accommodate the tenant’s requirement to transition from 3 units over the country into one larger unit in the Midlands.
Our Commercial Agency team can help you to add substantial value to your property portfolio, through their extensive experience and local market knowledge. Get in touch with us today on 01782 202294 or email info@mounseysurveyors.co.uk to start a conversation about your portfolio.
