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News

New business rates multipliers announced.

The new business rates multipliers have been announced for 2018-2019. These will apply to Rateable Values as follows: Below £12,000 will continue to be rates free, providing this is a businesses only operating property. Between £12,000 – £15,000 will qualify for... read more

Big boxes continue to drive the Daventry and wider market.

The industrial sector continues to set the pace across the whole of the UK and in particular the ‘Big Box’ warehouse market. This can be evidenced on a regional level across the Midlands, and even more so throughout the Northamptonshire M1 corridor, where developable... read more

Deal Agreed on Whittle Close Daventry to JRM Group

Drake Commercial are delighted to announce the letting of 1 Whittle Close, located on the popular Drayton Fields Estate in Daventry, which we marketed jointly with Lambert Smith Hampton. The property comprises 12,203 sq ft of high tech industrial / business space and... read more

£3.1m Industrial Investment Acquired for Clients

On behalf of clients, Drake Commercial have purchased The Winster Buildings on Manners Industrial Estate in Ilkeston, Derbyshire for a figure of £3.1m. The site comprises two industrial buildings including a 58,554 sq ft manufacturing facility and a newly constructed... read more

Flurry of deals at Brackmills Gateway

Acting on behalf of Royal London Asset Management, Drake Commercial have completed a number of lettings at Brackmills Gateway in Northampton. Along with our joint agents, TDB Real Estate, we have completed 3 new lease deals over the past few months. Thames Ambulance... read more

Denmark House Sold for Residential Redevelopment

Acting on behalf of the owners of 8 Billing Road Northampton (private investors), Drake Commercial have sold the freehold interest in this former office building for a price in excess of £400,000. The freehold sale was linked to the simultaneous surrender of the... read more

Double Warehouse Acquisition in Rugby

Drake Commercial have advised on the acquisition of two warehouse properties in Rugby for separate occupier clients. In both instances we were retained by operational businesses to search the market for suitable premises and negotiate terms on their behalf. At... read more

Market Confidence Promoting Development

As is perhaps evident from our recent advert in the Business Times, which showed the highlights of current and future potential development in Northamptonshire and the wider region, there is much activity in the area, which is largely precipitated by the current... read more

Industrial take up leads the way in H1 2017

The Northamptonshire market has shown the nature of its core businesses over the first half of 2017. Confidence has been strong from industrial and warehouse occupiers, whereas the office market has been far more cautious. Drake Commercial figures suggest that in... read more

Progress at Stepnell Park

Stepnell are making good progress with their proposed scheme on Lawford Road. Planning permission has now been granted for the infrastructure works to the site and these are due to start in October later this year. Following on from this Stepnell have also now... read more