HUGE SUCCESS IN THE SECONDARY INDUSTRIAL MARKET IN MANSFIELD WITH 129,477FT² LET SO FAR IN 2024

Industrial/Warehouse News

These are exiting times in the Mansfield secondary industrial market and in particular on the Albert Martin Business Park where further investment is being put into the business park by the landlords (Ivygrove Developments Limited) due to the great success we have had with lettings.

Our client (Ivygrove) purchased the Albert Martin Business Park as a distressed secondary industrial asset and have pumped serious capital into this estate already since their ownership with more investment to come.  This confidence coming from over 10 lettings completed on the estate by FHP and the high occupancy rates achieved.  We currently have on the market Unit 5 (27,138ft²) and Unit 6 (25,052ft²) available individually or combined (52,190ft²), which the landlord has been refurbishing alongside demolition, strip out works, upgrade works to the offices internally and the removal of all registered asbestos.  We are close to completion of these works at Units 5 and 6 and we are very excited about the product we will have at the end of this refurbishment programme and round of capital expenditure, with all other units let on the estate.

Talking more generally about the secondary Mansfield industrial market, in 2024 I personally have let the following secondary industrial properties in Mansfield which shows the demand for secondary accommodation:

• Unit 2, Albert Martin Business Park – 13,702ft²
• Unit 5A, Albert Martin Business Park – 11,663ft²
• Unit 3, Langham Park – 26,024ft²
• Unit 4, Langham Park – 13,937ft²
• Unit 5, Langham Park – 13,998ft²
• Units 1-3, Windsor Court – 40,133ft²
• 38 Brookhill Road – 10,020ft²

This space totals 129,477ft² (for more information on these transactions please get in touch).

Anthony Barrowcliffe of FHP commented:

“So far in 2024 I have personally let 129,477ft² of secondary industrial stock in Mansfield with demonstrates that the secondary industrial market in this area is performing very well with huge amounts of interest for space within the locality priced between £4.00-£6.50 per sq ft. 

I am already in deep negotiations/conversations with occupiers for Units 5 and 6 Albert Martin Business Park and have great space still available on the market including Portland Drive and Devonshire Court in Shirebrook, Bestwood Road in Pinxton and Queens Court on the Crown Farm Industrial Estate, to name but a few. 

I am excited to keep pushing this side of the market especially in the Mansfield area with more really exciting properties to come such as Unit A, Millennium Business Park, Concorde Way, Mansfield which extends to 40,325ft².  

I look forward to engaging with interested parties with the new stock coming as well as the existing stock on the market.”

For further information on the lettings completed in the Mansfield area, any properties we have on the market, the new properties I have coming, or for a general conversation on the secondary industrial market in Mansfield please contact Anthony Barrowcliffe of FHP on 07557 972008 or anthony@fhp.co.uk.