Derbyshire-based developer Suon intends to deliver the first phase of the 35,000 sq ft development on a speculative basis, offering trade units from 3,000 sq ft to 11,000 sq ft.
Construction of the scheme, which is being marketed jointly by national commercial property consultancy Lambert Smith Hampton (LSH) and London-based trade park specialists Rumsey & Partners, is due to commence in late spring ready for completion in the autumn.
Simon White, Property Director at Suon, said: “The shortage of genuine trade units offering high-quality accommodation, specifically designed to meet the needs of trade companies, means that demand from trade occupiers in Chesterfield is not currently being met.
“By adopting this positive approach, we will be in a position to accommodate existing and future unidentified demand as the economy improves and, in doing so, establishing CTC as a hub for trade centre occupiers.”
Ed Norris, Industrial and Logistics Agent at LSH’s Sheffield office, said: “The fact that Suon is forging ahead with the region’s only speculative scheme, when so many developers have ceased construction, represents confidence in a product that is all too rare in the current market.
“The site occupies a prime location on the borders of South Yorkshire and Derbyshire, and provides easy access to the national motorway network and to the local market via the A61, making it ideally suited for trade counter occupiers seeking to service the Chesterfield market.”
Will Staniland at Rumsey & Partners said: “Trade occupiers want the right kind of building in the right location, with the opportunity to locate alongside other like-minded businesses thereby enabling customers to satisfy all of their needs from the one location.
“Such a trade park does not currently exist in Chesterfield and Suon’s experience from building and letting a similar scheme in Nuneaton leads us to believe that CTC will be very successful in attracting trade occupiers. So much so, that we are already in discussion with a number of potential pre-lets.”
Lambert Smith Hampton (LSH)
Nicola Hardy, Marketing & PR Executive (North Region)
Tel: 07702 883 463