Bellshill Success Story at Righead
19th October 2007
Ryden has let all available units at Righead Point, Melford Road at Righead Industrial Estate in Bellshill on behalf of KG Estates Limited.
KG Estates purchased the 33,998 sq ft former Sheffield Insulation Group building in February 2007 and refurbished and subdivided the property, making it particularly suitable for trade counter occupiers. Since, three 10-year leases have been secured at between £5.15 to £5.50 per sq ft with Moores Furniture Group (units 3 & 4 extending to 16,819 sq ft), Arco (unit 1at 8,355 sq ft) and Screwfix Limited (unit 2 at 8,355 sq ft).
The prominence of the property on to Melford Road was a key selling feature.
Charlie Lawrence, Associate at Ryden comments: “To secure such early lettings fully justifies my client’s investment in the property. High demand at Righead Industrial Estate, which is in a key strategic location, is causing pressure due tofew vacant buildings being available. In particular, there is good demand from trade counter and distribution occupiers. These lettings are proof of the strength of this location.”
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