2505, 2018

Another acquisition

May 25th, 2018|

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. BACK TO NEWS

2205, 2018

Cosgrove Way fully let

May 22nd, 2018|

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.” BACK TO NEWS

2903, 2018

Max rent achieved in Luton

March 29th, 2018|

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. BACK TO NEWS

1202, 2018

Planning success in Banbury

February 12th, 2018|

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. BACK TO NEWS

1901, 2018

Hat-trick heaven at Isleworth

January 19th, 2018|

The recent run of lettings at the Wireless Factory has continued with Webb Associates taking the first floor of Unit 1 – the third letting to complete on the estate within the past few weeks. Specialising in furniture design and development, and operating across Europe and America, they have taken the 1,446 sq ft unit on a 5 year term at a rent of £25 per sq ft. Having relocated from their previous base in Chiswick, the firm are another fantastic and welcome addition to the estate, and reinforces the appeal of the Wireless Factory to local businesses who are looking to continue their growth in a modern, creative an dynamic environment. Further details on the estate can be found at – Michael Rogers and DTRE acted on behalf of Dunmoore.  BACK TO NEWS

1701, 2018

Double delight at Isleworth

January 17th, 2018|

Slovenian luxury door manufacturer Pirnar have taken the ground floor of Unit 1 at the Wireless Factory, Isleworth – the second letting to conclude on the estate in recent weeks. The move represents an expansion for the brand, who also have a branch in Long Beach, California, and are a welcome addition to the estate which has benefited from an extensive refurbishment and re-branding campaign since it was acquired. The 1,435 sq ft unit, which had previously been vacant for 8 years prior to Dunmoores acquisition of the estate, has been let on a 10 year term at a rent of £25 per sq ft. Further details on the estate can be found at – Michael Rogers and DTRE acted on behalf of Dunmoore. BACK TO NEWS