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So far Andrew Scott has created 20 blog entries.

Planning granted for 250,000 sq ft business hub

Dunmoore have won planning consent for a 21-acre commercial hub in Billingshurst, Sussex.

The development on a greenfield site south of New Road, which was purchased in late 2016 at agricultural value, will provide more than 200,000 sq ft of industrial and trade counter units and a petrol filling station with drive-through coffee unit.

A hybrid planning application for the development has been approved by Horsham District Council, including detailed consent for the first phase, Billingshurst Trade Park, which will comprise 55,000 sq ft of speculatively-developed trade counter space.

Outline permission was granted for the second phase, Billingshurst Business Park, which will comprise 150,000 sq ft of business space, the petrol-filling station and drive-through unit.

Construction is due to start in September 2019 with completion of the first phase expected by July 2020. A pre-let has already been agreed with Euro Garages for the petrol filling station and drive-through unit and talks are at an advanced stage with national trade occupiers.

The development site is north of a 500-home residential development currently under construction, with further residential allocations expected to be brought forward in the local plan in the coming months.

Jeff Hobby, managing director and owner of Dunmoore, said “The granting of planning approval will enable us to deliver a significant amount of much-needed quality business and employment space for Billingshurst.

The calibre of occupiers already signed up to pre-lets shows there is significant dmeand for modern business space in the local area”.

Chris Freer-Smith acted for Dunmoore with Hartnell Taylor Cook acting on behalf of the vendor.

Planning granted for 250,000 sq ft business hub2019-06-26T16:57:36+01:00

Texuna expands its network in Isleworth

Texuna have completed the letting of Unit 3 first floor at The Wireless Factory, Isleworth.

The data management and security specialists, who are already based on the ground floor of Unit 3, have doubled their footprint on the estate.

Having only moved to the site in August, they have taken the 1,446 sq ft suite at a rent of £26.50 per sq ft for a straight 10 year term.

Further details on the estate can be found at – www.wirelessfactory.co.uk

Michael Rogers and DTRE acted on behalf of Dunmoore.

Texuna expands its network in Isleworth2019-02-01T13:50:05+01:00

Banbury is heating up

Banbury Heating have completed their move from units G1 and G2 Marley Way, Banbury into the newly refurbished G6, which also benefits from a secure yard.

The plumbing and heating specialists have been tenants at Marley Way for a number of years and have taken the opportunity to secure the newly refurbished unit at a new estate headline rent of £49,500 pa which equates to £12.50 per sq ft.

Marley Way has recently undergone a substantial refurbishment which included a complete external overhaul to reposition the asset from a tired, secondary industrial location to a prime trade/retail pitch and is now home to a number of national occupiers including Toolstation, Tile Giant, GSF, Grahams, Rexel, B&Q and Homebase  .

This latest deal frees up further space on the terrace with both Units G1 and G2 currently undergoing comprehensive refurbishments prior to being brought to the market.

Investment Surveyor Andrew Scott comments “We are delighted to have extended Banbury Heatings stay at Marley Way in a move which not only provides them with a top quality unit to continue to grow their business, but will also allow us to bring circa 6,500 sq ft of much needed trade space to the local market. We are already in discussions with other national occupiers about the vacant space and look forward to formally bringing it to the market over the next few days.”

For further information on the vacant units, please contact our letting agents Rapleys or White Commercial.

Banbury is heating up2019-01-10T10:40:05+01:00

Toolstation pre-let in Banbury

Following the recent completion of refurbishment works at Marley Way, Banbury, we are delighted to announce that Toolstation have completed the letting of Unit G5.

The national trade tool and hardware supplier have signed up to a 10 year straight term for a new headline rent of £11 psf and will be launching a brand new format of store from the scheme.

Managing Director Jeff Hobby comments “We are delighted to have secured Toolstation on a pre let basis, as they will be a fantastic addition to the scheme.

Having bought Marley Way early  in 2017, with average rents just above £5 per sq ft, we have managed to re position the asset from a tired, secondary industrial location to a top quality trade and retail pitch.

We now look forward to securing a tenant for the final remaining vacant unit and adding to what is a very strong occupier line up in the local area.

As ever, we continue to look for further opportunities in what remains a very competitive market.

Rapleys and White Commercial acted for Dunmoore with Adept Consultancy acting on behalf of Toolstation.

Toolstation pre-let in Banbury2018-10-04T10:38:42+01:00

Banbury transformation completes

The comprehensive refurbishment of Marley Way, Banbury has now been completed.

The 21,000 sq ft industrial terrace, which is located in close proximity to Hennef Way, has undergone a substantial transformation following a successful planning application earlier this year.

Investment Surveyor Andrew Scott commented “Since acquiring the estate in 2017 we have undertaken a number of proactive asset management initiatives, including agreeing an early surrender on two of the units and securing planning permission to undertake this refurbishment, and we are delighted with the end result.

This has been an exciting project in which we have strayed away from our traditional trade finish and gone for more of a retail feel, taking into account neighbouring occupiers which include the likes of B&Q, Halfords, Homebase, GSF, Tile Giant and Grahams as well as a brand new Waitrose store which has opened at the estate entrance.

We are looking forward to bringing some much needed quality space to the local market.”

Rapleys and White Commercial have been appointed as letting agents on a joint agency basis.

Banbury transformation completes2018-10-03T16:07:00+01:00

Dunmoore brings ‘Shoreditch chic’ to Brum

Dunmoore has made its first foray into the Birmingham office market following the launch of Bennetts Hill House last week.

The new and improved ‘urban chic’ space, formally known as 24 Bennetts Hill, was purchased earlier this year for £4 million, producing a rent of £251,000 pa, has undergone a substantial transformation to both its interior and exterior. The 20,000 sq ft building also includes a pub on the ground floor which will also undergo a significant rebranding and refurbishment in August.

There are currently three available suites to let – the fifth floor, of 2,502 sq ft with a private roof terrace, the fourth floor, of 1,540 sq ft, and the third floor, of 1,132 sq ft.

Dunmoore managing director Jeff Hobby said: “Having completed the purchase of Bennetts Hill earlier this year, we have been excited to begin our comprehensive upgrading and re branding of a building we feel offers huge potential. We have been delighted with the results to date, and have provided the market with a truly unique and creative working environment which has already been extremely well received by local property professionals and occupiers.

“There is no other space like it within the city centre and we are confident that it will be hugely appealing to young and dynamic businesses looking to provide their employees and clients with a truly unique working environment. Birmingham continues to benefit from significant investment, and with a number of exciting projects like HS2 and Paradise Development on the horizon, we continue to look for further opportunities within the city.”

Lambert Smith Hampton and Jones Lang Lasalle have been appointed on a joint agency basis, with further details available at www.bennettshillhouse.co.uk

Dunmoore brings ‘Shoreditch chic’ to Brum2018-07-18T16:58:58+01:00

Another acquisition

Dunmoore are delighted to announce the acquisition of Hermitage Lane, a multi let trade counter estate in Mansfield.

The prominent two terraced estate, which measures 23,750 sq ft, has been purchased for £1.54 million and equates to a net initial yield of 6.2%.

Managing Director Jeff Hobby commented “ We are delighted to have completed the purchase of Hermitage Lane, an estate we feel fits very well into our growing trade counter portfolio, and in a market presenting very few value add opportunities. The estate already benefits from a strong tenant profile, including Howdens, Eyre & Ellison & Unipart, as well as being in close proximity to a number of other national occupiers. We will be undertaking a full refurbishment of the estate and look to create a product which will compete with the top trade locations in the area.”

Whitmarsh Holt Young acted on behalf of Dunmoore with Fletcher King acting on behalf of the seller.

Another acquisition2018-07-18T17:00:08+01:00

Cosgrove Way fully let

Following Dunmoore Group’s comprehensive program of refurbishment and sub division works, one of Lutons premier trade counter destinations, Cosgrove Way, has now been fully let.

The final remaining unit has been let to MWay Communications Ltd, a leading provider of highway technology services. The letting to MWay follows the recent addition of Maxshelf to the estate, which is now home to a number of national occupiers including Euro Car Parts, Magnet, TLC, Mr Clutch and Northgate Plc.

Alfred Bartlett, Partner at Rapleys who acted jointly with LSH on the scheme commented “In delivering this scheme Dunmoore have completed yet another transformation of old industrial stock to provide modern trade counter accommodation to add to their growing portfolio. This scheme in a highly prominent location within Luton.  Rapleys are delighted to have worked with Dunmoore on this instruction, and the quality of the occupiers coupled with the standard of the refurbished space is testament to the excellent management and redevelopment of the asset that has been undertaken here and elsewhere in their portfolio.”

Jeffrey Hobby, Managing Director of Dunmoore added “We are delighted to have taken a rather tired estate which was largely vacant and through a comprehensive program of refurbishment created a premier Trade Destination. This is reflective in the dramatically improved occupier profile and record headline rents which have been achieved, with rents moving from £4.50 per sq ft at acquisition to £9.50 per sq ft. The letting to MWay Communications adds another fully let estate within our expanding trade portfolio and we continue to look for and acquire further opportunities in what is a very competitive market.”

Cosgrove Way fully let2018-05-22T10:32:03+01:00

Max rent achieved in Luton

Maxshelf, the UKs largest importer and distributor of retail shelving, have completed the letting of 16a Cosgrove Way Industrial Estate, Luton.

The letting further enhances an already strong tenant line up on the estate which includes the likes of Euro Car Parts, TLC, Mr Clutch and Northgate.

The 5,388 sq ft unit, which has recently undergone a comprehensive refurbishment along with the rest of the estate, has been let on a 10 year term at a new headline rent of £9.50 per sq ft.

Andrew Scott of Dunmoore commented “We are delighted to welcome Maxshelf to Cosgrove Way and further enhance what has become a very popular trade destination. Having undertaken a comprehensive refurbishment of the estate, which included the sub-division of vacant units, the letting to Maxshelf represents a new headline rent. With the last remaining vacant unit on the estate having just gone under offer, we look forward to being fully let in the not so distant future.”

Rapleys and Lambert Smith Hampton acted on behalf of Dunmoore.

Max rent achieved in Luton2018-03-29T15:45:45+01:00

Planning success in Banbury

Great news to start the week after planning permission was obtained to fully refurbish and extend Marley Way Trade Park, Banbury.

The proposed refurbishment will include glazed frontages, open plan trading areas, level entry doors and much improved signage to the estate, and will provide 3,000 – 8,000 sq ft of much needed quality trade space to the local market.

Works are due to begin in early April, with a number of national occupiers already expressing an interest in the scheme which neighbours the likes of B&Q, Tile Giant, Homebase, Halfords and Grahams Plumbers Merchant.

Further details on the scheme can be found from our letting agents Rapleys and White Commercial.

RPS planning acted on behalf of Dunmoore with the planning application.

Planning success in Banbury2018-02-12T18:02:04+01:00