A multi-million pound speculative development of 23 units – the first of its kind in Bedford for more than 20 years – is open for business after reaching practical completion.
Contracts have already been exchanged on two units, with a third under offer, at the Glenmore Business Park development in Arkwright Road, with others under negotiation.
Local businesses have been keen to relocate to the mix of light industrial and warehouse units, available for sale freehold or lease, according to Andrew Clarke, head of commercial agency at Kirkby Diamond in Bedford.
“Glenmore Business Park is a very welcome addition to the Bedford market and we have been inundated with enquiries from firms looking for high quality accommodation in an excellent location,” said Andrew.
“Agreements for lease have been exchanged with a building contractor and a vehicle wrapping business, and we are in advanced negotiations with several other potential occupiers. With rents starting at £11,750, and freeholds available, the development is proving to be extremely popular among the region’s business community.”
He added: “Bedford has had to wait more than 20 years for a development of this kind and there is significant pent-up demand for the high quality space on offer.”
Units range in size from 1,104 sq ft to 1,550 sq ft and can be combined to create larger units. Each unit will have a first floor capable of being used as offices, sectional roller shutter loading doors, six-metre eaves height, and allocated parking spaces.
The Glenmore Group is a London-based investment and development company. Since the company was founded in 1994 it has combined its energy and experience to create imaginative new ways of creating business space.
Richard Last of Brown and Lee is joint agent.