B8RE advised on a speculative trade park scheme of 5 units situated on a main arterial route into Wigan. Having conducted an in-depth review of the market highlighting supply/demand dynamics and potential exit values we undertook a full marketing campaign looking for minimum 5-year lease terms to strong covenants at a headline rent of £7.50 per sq. ft.
In March 2022 we agreed the most recent letting with GSF Car Parts on Unit 5 that is 3,000 sq. ft. GSF agreed to a new 10-year lease at a rent of £10 per sq ft (25 per cent uplift on the previous level) and a new record rent for the area.
The development, which was completed in 2015 by CRT Property, which was fully let within months of its launch and it is situated on Manchester Road, within a mile of the Town Centre.
Wigan Trade Park consists of five trade counter units totaling 17,500 sq ft of space. Other occupants include Paintwell, Screwfix and UK Storage Company.