Drake Commercial are pleased to launch J18 Crick to the market.
The property is a prime industrial unit for warehousing and logistics, located in the heart of the nation’s distribution network. The Wigley Group, who have recently acquired the unit have invested around £1.8 million to buy the 42,000 sq ft unit adjacent to J18 of the M1 at Crick in Northamptonshire.
James Davies, director at The Wigley Group, said: “This is a significant purchase for The Wigley Group and a fantastic addition to our growing portfolio of commercial property. We acquired the unit predominantly because of its location being immediately adjacent to J18 of the M1, and with its floor space and high eaves at just under eight metres, will be ideal for warehousing or logistics. We have refurbished the unit with plans to resurface the yard area, and believe it will be a very attractive proposition not just to large PLCs but also to medium-sized businesses particularly for distribution.”
Drake Commercial, who were involved in the sale of the unit to The Wigley Group, have been retained to market the leasehold interest.
Tom Drake has advised: “The key attraction of this unit is that it is located right on J18 of the M1 that serves not only existing occupiers in Northampton but also Rugby and the wider West Midlands. In a market that is starved of good quality stock, we expect a lot of interest in what is a rare opportunity to lease a newly refurbished building in the heart of the distribution network. There is likely to be potential interest from a range of logistics operators, including potential over spill requirements from those large scale occupiers located at Daventry International Rail Freight Terminal (DIRFT).”
James Richards of law firm Wright Hassall acted for The Wigley Group in the purchase of the unit and turned documentation around in just 6 days. “It shows the appetite and demand for good quality industrial and logistics stock, and that opportunistic buyers and their teams can secure such stock at short notice to retain a competitive edge. We have a long-standing relationship with The Wigley Group and were pleased to be able to support them with this latest acquisition.”
The Wigley Group are already under way to carry out a comprehensive refurbishment of the property but are keen to work with an occupier to tailor a bespoke package of works to suit their needs. To register your interest, or for further information, please contact Tom Drake or Nicholas Roberts at Drake Commercial.