St Modwen sells distribution warehouse at Centre 500

St Modwen Developments Ltd has achieved the first sale on its recently completed 5,181 sq m (55,750 sq ft) speculative industrial/distribution scheme at Centre 500, Stoke-on-Trent.

Axair Fans (UK) Ltd has purchased a 1,115 sq m (12,000 sq ft) distribution unit on the scheme with expansion land for a further 557 sq m (6,000 sq ft) of accommodation for £577,500.

This leaves two units of 999 sq m (10,750 sq ft) and 3,067 sq m (33,000 sq ft), the latter being easily divisible into two or more units.

Alastair Smith of St Modwen, said: “We are pleased to have secured Axair and expect that they will find the site is as convenient for them as Hoppecke Batteries have done. The style of the units is ideal for manufacturing operations as well as for distributors and that, added to very competitive pricing, makes them an extremely attractive proposition.”

Daniel & Hulme of Stoke-on-Trent and Insignia Richard Ellis are joint agent for St Modwen.

For further information contact Alastair Smith of St Modwen on 01782-281844.

Issued by Paul Raymer of Howle Chapman Raymer (0121-236-7771).