37-acre Northants logistics site up for sale
Travis Perkins Properties is selling a 37-acre site with planning consent for 324,889 sq ft of warehousing, near the M1 in Northamptonshire.
Charles Binks, head of logistics and industrial at Knight Frank said: “Milton Ham in Northampton is in the Golden Triangle and has the attraction of a nearby workforce and excellent transport connectivity. Next to the M1 and with Birmingham Airport 46 miles, Luton Airport 38 miles, and London Heathrow only 66 miles away.”
The consent is for a standalone unit of 219,689 sq ft with 206 car spaces and 25 dock-level doors. Units Two and Three are semi-detached units, capable of being let as a single unit, and are 52,600 and 105,200 sq ft respectively with 59 and 55 car spaces.
Ian McRae, principal at Chadwick McRae, said: “After 32 years since the site was originally zoned for B8 use, Travis Perkins Properties has achieved, what so many other developers found impossible, an immediately implementable planning consent. With a statement site in such a prime location, coupled with strong occupier demand and an investment market still showing aggressive bidding for quality stock, we anticipate fierce competition.”