Derwent Mill, Cockermouth


Flexible finance options prove popular with local businesses

Leading regeneration specialist, Priority Sites, has completed 50,000 sq ft of new, high specification industrial space for Cockermouth, Cumbria.

One of the factory units has already been sold and three others are now under offer as the scheme completes, it is anticipated that the Derwent Mills Commercial scheme will create and retain up to 100 jobs for the local area when fully occupied.

The new development, which comprises 12 units ranging in size from 3,031 to 9,148 sq ft, is being offered with a unique ‘try before you buy’ option. The scheme allows businesses to move straight into the high specification premises on a leasehold basis, with an option to buy at a later date to suit the occupier.

The development has been attracting significant interest since building commenced. Phil Haslam, Senior Development Manager of Priority Sites, explains; “Local companies need modern, cost effective premises to prosper. We have had significant interest in the scheme and the fact that two units are already under offer as we complete, is firm evidence of the demand from local SMEs for this type of accommodation, with the large degree of financial flexibility it offers.”

Bill Skilki, Chief Executive of Priority Sites comments; “We are delighted with the success of the Derwent Mills development. Priority Sites aims to build speculatively in areas requiring commercial regeneration, in order to create sustained employment opportunities for the locality, and this scheme is a prime example of this concept working practice.

“Until now, if a local business wished to relocate to more efficient premises, they had to look outside the area. Derwent Mills provides modern, efficient industrial space in Cockermouth, allowing local businesses to expand and relocate within the area, which in turn will help sustain employment opportunities and enable the local economy to prosper.”

The new business space is available to buy or let on flexible terms and is suitable for a range of light manufacturing and assembly purposes. The development is conveniently located in Cockermouth, close to the A66, with direct access to the M6.

The joint appointed agents on the scheme are Carigiet Cowen and Smeatons. Richard Percival of Carigiet Cowen, adds; “Against the backdrop of the current economic climate and the difficulty many companies are finding with securing funds, Priority Sites has recognised that businesses need as much financial flexibility as possible.

“They have therefore put together a package which allows businesses to either buy or rent the space at affordable rates, on flexible lease periods or alternatively, rent now with an option to buy at a later date. This flexibility will undoubtedly contribute to the schemes future success.”

For further information on available business space at Derwent Mills Commercial Park, please contact Richard Percival of Carigiet Cowen on 01228 544 733