Plumbers merchant takes first Northern unit

9 April 2018 08:47 Comments (0)

Chancerygate has let a 17,900 sq ft warehouse within Satellite Park in Oldham to plumbing and heating merchant, Williams & Co.

The company is set to occupy the entire unit on a 10-year lease at £5.95/sq ft.

This is the first Northern outlet for the trade-only plumber, which currently has 33 stores across the South and South East.

Chancerygate acquired the warehouse from MonoPumps in 2016 and subsequently undertook the comprehensive refurbishment of the building.

In addition, Chancerygate is currently on site building a 60,000 sq ft parcel distribution unit that has been pre-let to DPD on a 25-year lease.

A planning application has been submitted to develop the next phase of Satellite Park to provide 105,000 sq ft of speculative industrial and trade counter space in units from 2,850 sq ft to 60,000 sq ft.

David Tyson, asset manager of Chancerygate, said: “Williams & Co is one of the fastest growing plumbing merchants in the UK and when we heard that they were looking to venture North, we were keen to work with them to accommodate their requirements. Their commitment to a 10-year term demonstrates their confidence in Satellite Park as a trade location.”

B8 Real Estate and CBRE were the joint letting agents for Chancerygate. Williams & Co were unrepresented.