Business park and former aircraft factory hits the market

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A multi-let industrial estate in Rearsby, Leicestershire, once home to the famous Auster Aircraft, is to be openly marketed for the first time.

CBRE, the global real estate advisory firm, has been instructed to sell Rearsby Business Park on behalf of its private owner, for offers above £10.25 million.

Set on a 12.95-acre site, the estate comprises 15 fully let industrial units, totaling 155,985 sq ft and ranging in sizes from 791 sq ft to 50,047 sq ft. Tenants include East Coast Fittings, T.E.K Seating, GT Plumbing & Heating Engineers, Lewis & Hill Ltd, Metric Services (Leicester) Ltd, and K & D E Barnett & Sons Ltd.

The estate also has planning permission for a 56,400 sq ft industrial unit or alternative uses subject to planning.

The site has a rich manufacturing history. It was first home to Taylorcraft Aeroplanes (England) Ltd’s factory, where the world-famous single propeller ‘Auster’ light aircraft was designed and manufactured. More recently it was occupied by Rearsby Automotive Ltd from 1966 to 1996. Over the years it has been extensively modernised, extended and redeveloped, with the latest unit being added in 2020.

Oli Forster, senior director in CBRE’s investment properties team, said: “This is the first

 link source - East Midlands Business Link - Property

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