Northamptonshire trade counter and drive thru scheme fully let and sold

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Tungsten Properties has secured occupiers and freehold sales for all seven of its trade counter units and one drive-thru at Tungsten Trade Park Brackley, Northamptonshire.

The new occupiers include Easy Bathrooms, Screwfix, Garage 59, DAR Group, Toolstation, Rapid Electrical, Rexel, and Costa Coffee.

All seven trade units and the drive thru have been sold either directly as occupier freehold sales, or as investments to a range of private investors.

The project, which commenced in Q3 2021 and reached practical completion in Q4 2022, was Tungsten’s second scheme to be delivered in JV with funder Euro Property Investments Limited.

Jeff Penman, Managing Director, Tungsten Properties, said: “Following a significant deterioration in the institutional investment market, we made the decision to separate the estate and sell as seven individual properties which resulted in the project performing ahead of business plan.

“The success of the scheme, despite challenging economic conditions post-completion, has led to further deals being agreed between Tungsten and EPIL at sites in Milton Keynes and High Wycombe.”

Ashleigh Hayes, associate development director, Tungsten Properties, added: “To have all units occupied and sold shows the strength of demand for trade counters in the thriving town of Brackley.

“We have a fantastic tenant

 link source - East Midlands Business Link - Property

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