Despite difficult national economic conditions, the 400 acre Kingmoor Park site on the edge of Cumbria's Lake District, is continuing to hold its own in the Commercial Property and development marketplace with two recent lettings to global distribution companies, the acquisition of a new portfolio of property courtesty of Stobart Group Ltd and the long awaited start of a major new arterial route that will pass straight through the site enhancing its existing good access to Junction 44 of the M6.
Both DPD and UPS have taken leases on refurbished buildings of 16,500 sq ft and 40,000 sq ft adding to the site's growing popularity amongst the parcel delivery sector.
Meanwhile, smaller units, have also proved popular with a whole block of 8 new build terrace units, each of 1,500 sq ft being snapped up for new start up companies. However, a range of new build and refurbished opportunities remain available for immediate occupation offering unit sizes from 3,000 sq ft up to in excess of 50,000 sq ft in single buildings. Design and Build options or site sales can also be considered to accommodate individual occupiers requirements.
The imminent relocation of the Stobart Group headquarters from Kingstown Industrial Estate to Carlisle Airport also provides a rare opportunity to acquire a range of good quality high bay warehouse space together with a high quality office building and facilities.
The portfolio provides flexible unit sizes from 10,000 sq ft to almost 250,000 sq ft with opportunities to take occupational leases or purchase long leasehold interests.
However, the 'jewel in the crown' for Kingmoor Park this year is the recent announcement that the Carlisle Northern Development Route (CNDR), which will provide an enchanced link to the M6, has been given the green light. This is double good news for Kingmoor Park as it means another multi million pound development project for the site can also start. This development, known as the 'HUB', received planning approval in 2006, but was reliant on the realisation of the CNDR and will potentially generate hundreds of new jobs for Carlisle. The scheme offers the opportunity to provide the city's first purpose built four star hotel. The mixed development will be based around one of the new roundabouts being created as part of the CNDR project.
The flagship, 130 bed, four star hotel, with conference suite and fitness centre, will be a focal point that will include restaurants and bars, 100,000 sq ft of offices, neighbourhood shops, bus terminus, fuel filling station and crech.
The realisation of these two major strategic projects will change the face of Kingmoor Park for the future, moving it away from a traditional industrial estate to an attractive hub where people can work, live, shop and unwind as well as providing a thriving, people rich, business environment where your business can grow.
For more information please contact Ross Nicolson, Kingmoor Park's Property Manager on 01228 674114 or email Ross at [email protected]