Following much comment from Stiles Harold Williams about the lack of new industrial capacity in the South East there is good news – the breaking of ground at Eastside Business Park, Newhaven.
Following the recent receipt of planning consent for the development of phase 1 comprising two blocks of 12,000 sq ft each, works have commenced on this exciting new speculative development by Westcott Leach Ltd.
Piling has already been carried out with the concrete pour at the Beach Road site this week.
Anticipated completion of the first phase is January 2018. Each block will be capable of subdivision into smaller units which will be let in a shell condition.
Letting agents SHW in conjunction with Hunt Commercial report a significant number of enquiries already for this new development attracted by the first new development in Newhaven for a number of years. It is anticipated that the first phase will be fully let by completion of the building works.
The units will be available on new leases and depending on the success of the first phase, there is scope for further development on the site which judging by the current level of interest is likely to see this second phase commenced in 2018.
David Martin of SHW said: “The new Enterprise Zone Designation which covers this site has helped to attract businesses to this new development with the prospect of rates assistance over the first five years of occupation which makes it a very competitive proposition for potential tenants.”