Latest commercial property news from Lambert Smith Hampton

Northgate drives expansion plans

08/03/2013

Northgate Vehicle Hire has signed a 10-year lease for 18 Cosgrove Way – a 9,875 sq ft trade counter/warehouse unit – in Luton.

Marketed by our Luton office, the unit will be a new location for Northgate as it looks to expand and provide efficient and effective fleet solutions to meet the needs of businesses in the region.

Cosgrove Way sits within the Dallow Road area, close to the M1 Junction 11 and Luton town centre. Nearby occupiers include B&Q, Aldi, Kwik Fit, Plumb Center and Partco.

The unit, which has recently been fully refurbished, has a 0.41-acre secure yard providing servicing and parking and is situated on one of the main trade counter destinations in Luton.

New branch to create more than 10 full-time vacancies

The new depot is ideally equipped to service the needs of Northgate’s growing fleet size in Luton, with up to 80 vehicles housed there at any one time, and is expected to eventually hold full workshop facilities. The new branch is set to create seven jobs in the first year of operation and a further 10 full-time vacancies from year three onwards.

Businesses to act fast to secure remaining unit at Cosgrove Way

The Northgate deal follows other recent lettings at the industrial estate, such as Mr Clutch Autocentres and Euro Car Parts. There is now just one vacant unit (4,425 sq ft) remaining.

Dan Jackson, senior surveyor in our Industrial team, said: “Cosgrove Way has attracted a lot of interest, with four lettings completed last year. Supply within Luton and Dunstable, especially of new or refurbished stock, continues to be limited so businesses will need to act fast if they want to secure the last unit.”

We acted jointly with Birmingham-based roadside and trade park specialists Bartlett Properties to secure the letting on behalf of Dunmoore Properties. Vail Williams acted on behalf of Northgate Vehicle Hire.

For further information relating to this news article contact 

Contact us now

Dan Jackson
Associate Director - Industrial

01582 878288

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