A few recent sales and lettings around Lutterworth completed by commercial property company Andrew and Ashwell reflects a brighter outlook for business in the area, says the firm.
The new moves in recent months confirm the rising demand for high-quality premises, says Andrew and Ashwell, which has let or sold five premises with another currently under offer.
This represents a marked improvement on this time last year.
The focus has been on the Central Park area of Lutterworth, recognised for its high-quality industrial and office accommodation located near major road networks.
The recent £400,000 sale of an industrial unit at Oakberry Road for conversion into bespoke offices for the expanding insurance company WW Group is among the moves.
Formerly a single-story warehouse with offices, the Oakberry Road building offers well-built accommodation to high specifications, which is a key factor in generating interest at the business park.
Other transactions include the letting of 1,800 sq ft at Unit 8, Central Park, to GapFiller Recruitment Ltd.
The company is a new agency for temporary workers such as HGV drivers, warehouse and retail staff and cleaners.
GapFiller’s managing director David Eary said: “The move is the result of a careful search to find premises that will help boost the firm’s growth. We like the location and the layout.
“It is very centralised for communication networks and has ample space for both our office and training facilities.
“It also offered all the other facilities we require, including computer network cabling.
“Now we have the building we need, we can crack on with our business and grow very quickly. We are looking to expand staff numbers to at least half a dozen and the new building adds an air of professionalism that lesser properties did not.”
Chris Park, the retail, office, industrial agency and property management expert at Andrew and Ashwell, said there has been an increase in activity with renewed interest across all commercial property sectors since the start of the year.
He said: “There are signs confidence is retuning to the market. Lutterworth remains a highly desirable location for many occupiers, due to a location that is well positioned at junction 20 of the M1 and links through to the M6 and wider motorway networks.
“Many occupiers require well presented premises to portray their business image, which is why developments such as Central Park are in demand. They provide quality accommodation on dedicated parks maintained to a high standard.
“The range of such high quality modern units available in Lutterworth is lacking in many other areas, another factor that generates strong demand.”
For more information about the firm, see its website at www.andash.co.uk.
Story by Alex Blackwell
Follow Alex on Twitter, @BlackwellHarb.