North Leicester Trade Park at Hamilton is expanding with a pre-let deal to build and rent high quality workshop and service premises to Sytner Group Ltd.
Leading Leicestershire commercial property specialist Andrew + Ashwell, which is overseeing the trade park development, has negotiated the deal with Sytner to extend further services alongside the group’s Porsche showroom next door.
Close proximity to Leicester’s inner and outer ring roads, with fast access both to the city centre and major road and motorway links, has put North Leicester Trade Park in demand for growing businesses looking for high quality premises, which are currently in short supply.
Jon Archer, A+A Director explained: “We previously obtained planning permission for an Aldi food store on the site pre-lockdown, more than three years ago. This store is now well established and popular locally. However, difficulties with the slope of the land involved the time-consuming construction of a large retaining wall in order to release further viable development.”
Since then A+A has agreed terms for several further occupants of the site, including a drive-through on the higher level, which it is hoped will go ahead in the coming months. Planning is also underway on a variety of further schemes available for rent for industrial, warehousing and trade development use, which it is hoped will get underway early next year.
Sytner Group Ltd is a prestige car dealership specialising in premium franchises, including Audi, Porsche and BMW, based in Leicester for over 50 years.
Steve Dickinson, Centre Principal, said work was currently underway to complete the building and site, with launch set for late 2023.
“The new workshop and service premises will support and boost current capacity, as well as enhancing customer experience.
“This increased capacity will help reduce customer lead times in servicing and allow us to process more vehicles. The addition of extra outdoor space will in turn create more customer parking and ease congestion on site.
“We will also be looking to recruit new staff as business continues to grow and are greatly looking forward to the launch.”
With expansion of the trade park also in the pipeline, Jon Archer added:
“New-build industrial and commercial premises have been in short supply for years and whenever a new scheme comes out of the ground there is always high demand. The market is particularly strong at the moment, with no sign of a slowdown because there is always that pent-up need.”