Wigan Trade Park

Property description

• B8RE advised on a speculative trade park scheme of 5 units situated on a main arterial route into Wigan. Having conducted an in-depth review of the market highlighting supply/demand dynamics and potential exit values we undertook a full marketing campaign looking for minimum 5-year lease terms to strong covenants at a headline rent of £7.50 per sq. ft.
• In March 2022 we agreed the most recent letting with GSF Car Parts on Unit 5 that is 3,000 sq. ft. GSF agreed to a new 10-year lease at a rent of £10 per sq ft (25 per cent uplift on the previous level) and a new record rent for the area.
• The development, which was completed in 2015 by CRT Property, which was fully let within months of its launch and it is situated on Manchester Road, within a mile of the Town Centre.
• Wigan Trade Park consists of five trade counter units totaling 17,500 sq ft of space. Other occupants include Paintwell, Screwfix and UK Storage Company.