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Prop-Search has announced the completion of the sale of a former factory site fronting London Road in Wellingborough.
The 1.1 acre site was formally developed by Gloverall in the early to mid 1960s as a state-of-the-art factory manufacturing their famous duffle coats. It remained active until Gloverall relocated to Earls Barton, where it continues to manufacture today.
The site was purchased by the Barkby Group and was granted planning permission in July this year for the development of a mixed use scheme including A1 retail, B2 autocentre/tyre and exhaust/MOT and/or B8 Trade Counter & D2 gym uses. Various size units will be available individually or in combination from 1,200 sq ft, 2,150 sq ft, 3,350 sq ft and 8,000 sq ft. A unit of 5,000 sq ft has already been pre- let to a tyre and exhaust operator.
Development of the site is due to commence in January next year, with completion and hand over of the buildings in the summer.
Simon Toseland, a Director of Prop-Search, who brokered the deal to the Barkby Group and has subsequently been retained to act in the letting of the scheme said: “This is one of the last sites on London Road to be redeveloped to offer a modern roadside mixed use scheme, replacing the historic and aging industrial stock building of the 60’s.”
“It’s an exciting opportunity to further enhance the main route into Wellingborough town centre and despite the current challenges of Brexit and Covid-19, demonstrates the commitment of the Barkby Group in their vision and investment in the town.”
“The scheme follows on from previous developments structured by the Prop-Search team including Castlefields Retail Park - home to B&Q and M&S Foodhall - and Wellingborough Retail Park which attracted Lidl and McDonalds.”
Further information on the scheme and opportunities available can be obtained from Prop-Search’s Wellingborough office on 01933 223300, st@prop-search.com or on-line at www.prop-search.com