Construction Starts on New Speculative Development
Posted on 31st August 2010
Construction work is well underway at the only speculative industrial development currently being carried out in the Preston area. Following the success of Phase One at Tustin Way, Red Scar Business Park, where 84% of units have been either let or are under offer, Tustin Developments are striding ahead with phase two of their development which will offer a new industrial warehousing unit totalling 14,520 sq ft, adjacent to the M6 and highly visible from the motorway.
The steelwork is already erected with developers expecting to be finished on site by Christmas 2010 subject to final fit out. The development will consist of a detached building which can be split to provide two self contained units of 7,260 sq ft each.
Danny Pinkus, Partner at Robert Pinkus & Co. said, “This is a positive step for Preston’s commercial property market and we believe the only speculative development of its kind to be taking place in Preston at the moment. Tustin Way has been hugely popular since its inception, with this further commitment to development being testament to the popularity of this established employment area. We hope that the rest of the market will be encouraged by this positive move forward and that investors and developers alike will follow suit.”
The new premises will incorporate up to 10% of internal offices, reinforced concrete floors, brick/concrete cladding to the walls and roof with roof lights, an internal eaves height of approximately 7 metres and loading access via two steel folding metal doors directly from the front yard and car parking area and Tustin Way.
Tustin Way is a self contained part of Red Scar Business Park with its own entrance from Longridge Road. Preston city centre is three miles to the south west and junction 31A of the M6 lies approximately 1.5 miles away from the site, offering excellent access to regional and national motorway networks. Other nearby occupiers include regional distribution depots for E H Booth & Co. Ltd. James Hall & Co (Spar), Mondi Board and Geopost.
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