TAYLOR LINDSEY SEES FULL OCCUPANCY ON COMPLETION OF AVRO COURT
Avro Court, a speculative commercial / trade counter development, constructed by Taylor Lindsey and marketed by Lambert Smith Hampton, has achieved 100% occupancy upon completion of construction.
The 10,500 sq ft building is located on Sadler Road, to the south west of Lincoln and has proved very popular. Strong interest from prospective tenants throughout the build programme has been converted into two significant lettings, one to an international ‘household name’ and one to a successful and expanding Lincoln based business.
7,500 sq ft has been let to Ford Retail Ltd, part of the Ford motor group, which has an annual turnover of circa £1.7 billion. The property will be used by their parts division. Trendell Smart Repairs, who have been trading for 10 years, have taken the remaining 3,000 sq ft. They specialise in automotive body smart repairs and industrial spraying. The new premises will also be home their new sister company Simply Wheels Lincoln Ltd, which will focus on alloy wheel refurbishments, using state of the art lathe technology.
Dan Race, Development Director with Taylor Lindsey commented ‘It is very gratifying to see this speculative development fully occupied as soon as we finished construction. Most of our commercial development are ‘built to order’ to meet a tenant’s requirements but we have always liked to do speculative industrial schemes, providing a range of unit sizes in the local market, and always seen successful lettings as a result’.
Matt Johnson Associate Director at Lambert Smith Hampton commented ‘Taylor Lindsey’s confidence in the Lincoln market has been rewarded by the level of demand received for the Avro Court development, with the end result of achieving 100% occupancy at completion of the development. It is pleasing to see a diverse mix of local and national occupiers on the development, highlighting the various types of businesses Lincoln supports’
Chris Trendell Director at Trendell Smart Repairs Ltd stated ‘We are pleased to be moving to brand new business premises at Avro Court. In July this year, we will have been trading for 10 years and have gone from strength to strength. We started out doing small repairs from the back of a van, then moved into small premises, we outgrew them fast and had to move, and our latest move will enable us to progress our ambitions for the business’.