Brand new commercial property for sale – despite national shortage

Michael Jones Commercial are pleased to report that the Glenmore Group are nearing with the final construction of the largest speculative industrial development on the south coast of England.

Phase 2 of the Glenmore Business Park at Portfield in Chichester is due for completion in Autumn of this year which will bring 42 new industrial/warehouse units totalling 100,000 sq ft. Phase 1 was built and all sold in 2017 proving a massive success for the local economy.

However developers and published industry articles are reporting that there is a national shortage of new commercial property available which is failing to meet the rising demand. Michael Jones Commercial are therefore pleased to have this amazing opportunity which once completed will provide 39 small units from 900 to 2000 sq ft and, 3 larger units ranging from 15,000 to 22,000 sq ft.

Nearly 70% of phase 2 has already been sold or let and that is prior to completion of the units.

Steve Berrett of Michael Jones Commercial has been appointed as joint sole agent to market Phase 2 and said that construction work is anticipated to be completed by October 2018.

Steve said: “Industrial land has been and is currently in strong demand and looking ahead the industrial land being sold for development across the south coast as a whole is looking at a shortage in supply of new units over the coming years. It is no wonder these units have proven very popular for both investors and businesses.

Once finished the units will include mezzanine floors ready for occupier fit out and benefit from being located on the outskirts of Chichester, immediately adjacent to the A27 opposite the Portfield Retail Park to include John Lewis, M&S food hall and Homesense. Occupiers on the estate already include FlipOut trampoline centre and Ziffit.com.

If you would like more information or a tour of the site and details of the remaining units for sale please contact Michael Jones Commercial on 01903 201212 or email commercial@michaeljones.co.uk

 


Content accurate at time of publishing.

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