(l-r) James Davies (director at The Wigley Group), James Richards (senior associate in the real estate team at Wright Hassall), Tom Drake (partner at Drake Commercial) and Nicholas Roberts (partner at
The Wigley Group has purchased a prime industrial unit for warehousing and logistics in Crick for £1.8m.
The Wigley Group, which owns and manages business and industrial parks across the Midlands, has acquired a 42,000 sq ft unit adjacent to J18 of the M1 at Crick in Northamptonshire for £1.8m.
Law firm Wright Hassall acted for The Wigley Group in the freehold purchase of the unit on the Crick Industrial Estate, Eldon Way.
The Wigley Group, which also provides services relating to commercial property, construction and risk from its headquarters in Coventry, has refurbished the unit ready for leasing.
James Davies, director at The Wigley Group, said: “This is a significant purchase for The Wigley Group and a fantastic addition to our growing portfolio of commercial property.
“We acquired the unit predominantly because of its location being immediately adjacent to J18 of the M1, and with its floor space and high eaves at just under eight metres, will be ideal for warehousing or logistics.
“We have refurbished the unit with plans to resurface the yard area, and believe it will be a very attractive proposition not just to large PLCs but also to medium-sized businesses particularly for distribution.”
The leasehold for the unit is now being marketed by commercial property agents Drake Commercial in Northampton.
BQ’s commercial property updates are supported by specialist lender Together, which provides funding to businesses and property investors nationwide. With over forty years’ experience in the financial services industry, Together offers short-term finance, auction finance, buy-to-let, residential and commercial mortgages and secured loans. For more information visit www.togethermoney.com
Our BQ Bulletin emails will land in your inbox at 7.30am, Monday to Friday, with a mix of the latest local business news, national news, and features to inspire you. Sign up here!
Click here to read our privacy statement