Chancerygate sells final Eaton Point unit

14 April 2020 15:49 Dan Whelan Comments (0)

The developer said it has completed the sale and letting of its 101,000 sq ft industrial park in Chorley after selling the final unit to WS Properties for an undisclosed sum.

The park is also fully let with local print and design firm Chorley Print confirmed as tenant for the final sold unit, totalling 3,350 sq ft.

Savills and Robert Pinkus & Co were joint agents for the sale.

Now-defunct contractor Pochins completed work on the 14-unit industrial complex on Eaton Avenue within the wider Matrix Park development in October 2018, and Chancerygate sold the largest unit to real estate investment trust Warehouse Reit for £3.6m around the same time. B8 Real Estate acted for the buyer while the vendor was represented by Savills.

Tilemaster Adhesives leased that unit on a five-year term with Savills and Gerald Eve acting as letting agents.

The other warehouses, which range in size from 3,305 sq ft to 47,478 sq ft, have been let to various other occupiers including engine alternator manufacturer CE Niehoff, energy-saving systems manufacturer EnergyAce, and electrical trade wholesaler Eyre & Elliston.

Chris Brown, development manager at Chancerygate, said: “Demand at Eaton Point has been consistently high, even before its practical completion, and it is very satisfying to see the site now fully sold and occupied.

“The development is a great example of our ability to identify opportunities to create much needed high-quality industrial space for the SME sector, especially for those businesses that want to buy their own premises.”