Lincoln-based chartered surveyors Banks Long & Co and Pygott & Crone report that Lincoln’s economic growth is encouraging the development of more jobs-creating units on the east side of the city.
Banks Long & Co Director William Wall revealed that Radford Holdings’ building division Thomas Long & Sons of Nottingham, is ready to invest in constructing more commercial premises at the Witham Point Business Park.
“This is excellent news. There is pent-up demand for this type of trade counter unit and Witham Point is part of the well-established Allenby Road Industrial Estate, which is already popular with a wide range of firms,” said Mr Wall.
“Since 2007, the first two phases of units built on the Wavell Drive site have gradually become occupied.
“But we are definitely seeing a pick-up in business vitality locally and the developer has been encouraged to invest further in this location, by creating another 8,000 sq ft of accommodation for medium-sized businesses.”
The first properties built at Wavell Drive included a mix of mid and end-terrace units. These were complemented by a second phase featuring a detached unit with a self-contained yard.
Radford Holdings Property Director Philip Attenborough said: “There seems to be a lot more confidence in the Lincoln area and we believe there are good reasons to look at building two further 4,000 sq ft units.
“These will be ideal for firms looking for light or general industrial storage and distribution space.”
The new properties will offer occupiers quick access to Outer Circle Road, the Lincoln bypass, dualled A46 and the wider UK. They will also be convenient for Lincoln’s planned Eastern Bypass.
Thomas Long & Sons hopes to start work on the new units in the near future.
They are being offered for sale freehold or can be taken on a leasehold basis.
Banks Long & Co is marketing the new development jointly with fellow Lincoln agent Pygott & Crone.