A £3m light industrial property development comprising 10 small business units on the outskirts of Liverpool is close to completion. Tony McDonough reports
There is reportedly strong demand for a speculative industrial development on the outskirts of Liverpool that inclose to completion.
Work started on the £3m Charnock Point, which comprises 10 separate units, in 2024 and now the scheme has been “topped out”. Commercial agents are reporting “significant interest” from potential occupiers.
Being built by North End Developments, Charnock Point in Aintree is the second phase of a project that initially saw eight units built. Phase 2’s 10 units are for rent or purchase and range in size from 1,487 sq ft to 1,978 sq ft.
Located near to the junction of the East Lancs Road and Stopgate Lane in Aintree, the development is being marketed by agents at Keppie Massie and LM6.
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Tim Garnett, head of commercial at Keppie Massie, said: “Due to significant build costs, speculative builds are relatively rare, but very much needed. As such, we anticipate demand and rents to break previous records.
“The scheme offers significant benefits to occupiers enabling them to invest in modern flexible new build units with the ability to bespoke each space to their needs.
“Rents for the best quality industrial accommodation are now equal to out of town offices at a quoting rate of £15 per sq ft a year.”
