Work is now underway on a major commercial development at prime business and distribution park Markham Vale in Chesterfield after planning permission was granted just before Christmas.
This phase will see the formation of 13 units ranging from 1,200 – 3050 sq ft, providing modern warehouse space benefitting from a high-quality specification, designed to address a chronic shortage of supply in the market set against strong levels of demand.
The units will be available to buy, presenting a unique opportunity in the market for businesses to own a building on Derbyshire’s flagship business park.
Property developer Priority Space, in a joint venture with Hunt Group, has appointed Scunthorpe-based construction firm Britcon as main contractor, with units expected to be ready for occupation from July this year.
Property consultancy Commercial Property Partners LLP (CC
P) has been instructed to market the new development alongside Fernie Greaves.
Lee Buchanan, development manager at Priority Space, said: “The start of construction is a great milestone for the scheme – especially so soon after planning was granted.
“It is a significant speculative development in response to strong levels of demand in the area which reinforces our confidence in the potential of the Markham Vale site and the strength of the local economy”.
Stuart Waite, partner at CPP, added: “We are delighted to have been appointed agents for this high-quality, flagship Derbyshire Business Park. Delivery of this scheme addresses a real shortage in the market of high quality starter units, especially ones available to buy, and indeed we are already speaking to a number of interested parties”.
Markham Vale is a key employment site in the region with occupiers including Gould Alloys, Inspirepac, Meter Provida and Great Bear already committed to large scale warehousing and distribution facilities on the 200 acre park.
The site benefits from its own dedicated M1 motorway junction, Junction 29a – just 5 miles east of Chesterfield and approximately 20 miles from Sheffield, Nottingham and Derby.