Jaynic has acquired a 20-acre site at Great Wratting, between Haverhill and Bury St Edmunds on the A143, to add to their growing number of schemes in the area.
The site, which was formerly an abattoir owned by Karro, is planned to be allocated to have between one and six acres for short- or long-term open storage, with plans being drawn up for warehousing and manufacturing space on the remainder, following the initial demolition of the abattoir itself.
The site is planned to be known as the Stour Business Park, with six acres of the site allocated for employment space in West Suffolk Council’s Rural Vision 2031 in the local plan.
It was purchased for an undisclosed sum, with Jaynic requesting the council extends the allocation for employment area on site to cover the full 20 acres, which may also include recreational facilities.
The firm believes the site will benefit from its proximity to the near-complete Haverhill Northern Relief Road, diverting traffic outside of central Haverhill.
Owner and managing director of Jaynic Nic Rumsey said “We have bought the Karro site because we are seeing substantial demand for warehousing space at our other sites in Bury St Edmunds and Stowmarket and believe that this location will prove attractive to potential occupiers. We would expect to have a planning application in by the summer and in the meantime, we will offer the site for open storage.”
Will Staniland, partner at Rumsey and Partners said: “We are delighted to have completed this acquisition of a site that has remained unused for 12 years, to be able to offer the market place a well located and accessible plot, of a scale unavailable elsewhere in Haverhill, with the potential of accommodating a single facility of up to 250,000sq ft.”
Philip Woolner, joint managing partner at Cheffins said “There is a major shortage of industrial stock available, with warehouse buildings experiencing considerable price growth across the region as supply cannot keep up with the consistent demand seen for the past few years.
This site provides the opportunity to cater to a range of outside storage uses in the first instance and has the longer-term potential for the development of manufacturing or logistics space. In the recent Cheffins Datapoint research, we found that only 6% of available warehousing stock at the end of 2020 was a new build, while Grade A buildings accounted for a massive 63% of take-up, illustrating the level of demand from occupiers for a quality product.”
Karro has now moved to a site on the other side of the A143. Cheffins and Rumsey and Partners acted as agents for the transaction.
Image source- Jaynic
© Eastern Echo (powered by ukpropertyforums.com).
Sign up to receive your free monthly Eastern Echo newsletter here.
