In early March we completed the sale of Genoa House which, totalling 6,007 sq ft this was one of the biggest office deals in Daventry for some years and further proof of an improvement in the office market in Daventry. Elsewhere nearly all of the remaining office suites on Cottesbrooke Park, Heartlands have either been sold or let and we are now at a point where there is actually a shortage of good quality stock for potential new office occupiers.
In Daventry town centre the former Job Centre Plus offices at Oxford House have just gone on to the market. This prominently located two storey office facility of 5,277 sq ft is ready for immediate occupation due to extensive refurbishment and fit out works that have already been undertaken.
The industrial/warehouse market however has been the most active in Daventry for some time. Michaelmas House, a 16,206 sq ft unit has been sold freehold to Intershape Limited who are expanding rapidly and are moving from their Baird Close units which Drake Commercial are now marketing. Unit 3 South March is also under offer to a kitchen manufacturer with this 7,424 sq ft unit being taken on a new lease.
We can confirm that Units 3, 8, 10 and 12 Everdon Park are all deals that have been completed in the last couple of months ranging in size from 2,500 sq ft to 5,400 sq ft. Some leasehold and some freehold deals and each building provided good quality industrial/warehousing space for both expanding local businesses and new companies coming in to the area.
Over at West March a unit of 15,250 sq ft has been let to Quality Nuts following a fire at their Weedon premises and new companies coming in to the town have taken 2,100 sq ft at Brunel Close and two units of 1,760 sq ft at Rutherford Way. These were all freehold deals.
The retail market is also stirring with strong interest in both the High Street shops at Weedon and the new instruction from Superdrug at Foundry Walk. Also two retail units at Station Close, Daventry are available following the relocation of the previous occupier.
Daventry has often lived in the shadow of Rugby and Northampton as a commercial location but if anything the town is going from strength to strength.