Tiber Way, Meridian Business Park
Property Advisors APB (Leicester) LLP, have let 9,889 sq.ft of Industrial/Warehouse space at Unit B, Tiber Way, Meridian Business Park, Leicester, to Parcelhub Limited.
Parcelhub are going to use the factory as one of their Midlands bases for their UK distribution network. The site in Leicester, which is just of the M1 offered them an ideal location offering fantastic road connections to the M1 and Leicester. The building provides a modern factory space, benefiting from roller shutter access, three phase power and 6m to under side of eaves and a substantial yard.
Reg Pollock, a Partner at APB, commented:
“We brought the unit to the market and received a huge amount of interest in the property due to its location, modern construction and good yard area, within a week marketing, we were under offer to Parcelhub, who we identified as the best suited occupier for the property. Leicester continues to be a highly sought after location, being situated in the heart of the golden triangle.
We are now experiencing a shortage of good quality stock, with a raft of Tenants looking for available properties.
We managed to achieve a strong rental increase from the existing passing rent, which has been shown across the whole market in the industrial sector, even throughout the pandemic, and should any Landlords or Occupiers wish to dispose of any available space, please do not hesitate to contact us.”.
APB (Leicester) LLP are one of the East Midlands leading independent commercial property consultants. They provide a full range of property services from agency, development, management and professional work for local, regional and national clients within both the private and public sectors. APB is able to offer a wealth of knowledge on all commercial property matters and should you require any assistance please feel free to contact us on 0116 254 0382.