INDUSTRIAL AND WAREHOUSING MARKET CONTINUES TO IMPROVE
Further evidence of an improvement to the industrial and warehousing sector – particularly for owner occupation – has come in the form of sales recently completed by Kingston CPC.
On Crossfield Industrial Estate two adjoining workshop units of just under 1,000 sq ft each have sold in May 2015 for a total of £200,000 – just over £100 per sq ft
On Britannia Enterprise Park a unit of 16,965 sq ft has also sold for a figure which breaks back to £56 per sq ft
Andrew Buckman , a Director of Kingston comments “there have been signs of a return in the industrial and warehousing market for 18 months or so, and this is now showing itself in the context of deals being completed – particularly in the owner occupier market” He also anticipates a continued rise in values “ with very little new property being constructed in the 2008-2014 period there is a lack of stock to supply this increasing demand: basic economics then dictates that prices are likely to rise”.