Having recently negotiated the successful sale of the remaining 3.35 acres of industrial land at Lime Kilns Business Park, Hinckley, Loveitts are pleased to announce their appointment as joint agents for the new units which are to be built on this new development, acting alongside MWRE, who are niche commercial property advisors specialising in the Greater Midlands Industrial and Logistics market. The proposed new Tungsten Point scheme, which is well located strategically just off the A5 Trunk Road within a short travelling distance of the M69 Motorway at Junction 1, will provide for two new warehouse units incorporing fully fitted first floor offices with Unit 1 extending to approx. 37,000 ft² and Unit 2 approx. 26,500 ft² overall. Bespoke fit-out package will be available with each unit offering the option of an 8m/10m eaves height, level loading doors, secure yards, generous power supply and a predicted ‘A’ rating EPC. The units, which are suitable for B1, B2 and B8 uses, will be ready for occupation in 2019. John Pugh, head of commercial at Loveitts, said: ‘We are thrilled to have been instructed by Tungsten Properties Ltd. who have a solid record of delivering market leading industrial and logistics stock across the region (and beyond) and also working with MWRE who have a well earned reputation working with developers, investors, landlords and occupier tenants in the delivery of strategic solutions across the multi-let and big shed sub-sectors’. Further details on the Tungsten Point project are available from the joint agents with both leasehold and freehold options potentially available on this development. Please telephone John Pugh at Loveitts Commercial (tel. 024 7622 8111, mobile 07788 456850 or e-mail firstname.lastname@example.org) for further information.
In 2016, George Osborne announced an additional 3% Stamp Duty could be processed on the purchase of additional properties. This 3% raise may seem off putting for those wishing to invest in property, but it is important to remember that investing in property is still profitable. According to a study, Coventry is one of the top ten places to invest in the UK.