Tungsten Properties, the mid-box industrial and warehouse developers, has acquired two acres of land at Northampton Road, Brackley, Northamptonshire from Sainsbury’s for £2.1 million.
A planning application has been submitted to West Northamptonshire Council to build a terrace of seven high specification trade and warehouse units to range from 4,000 sq ft to 28,275 sq ft. Three units, 1b, 2a and 3, are under offer, subject to planning.
The land is adjacent to the town’s new Sainsbury’s superstore which was built in 2020. The location is also home to Marston’s Hotel & Pub, Howdens, Multimatic Motorsports, EPAC, BTC Racing and the new Brackley Medical Centre.
The new units will target BREEAM Very Good.
Ashleigh Hayes, associate development director, Tungsten Properties, said: “Brackley is a thriving town which has experienced much residential and commercial development in recent years.
“There is a high demand from businesses needing trade and warehouse space which makes it an excellent location for investment. This has been proven by the first three of our seven units going under offer before we have even secured planning.”
Chris White, Managing Director, White Commercial, added: “This is an excellent purchase for Tungsten to develop Brackley’s first specific trade park within
link source - East Midlands Business Link - Property