Three warehouse instructions on the London Road Industrial Estate in Thetford point to a positive start of the year for the industrial property sector locally, according to agent Barker Storey Matthews.

Since the beginning of the year (2019), the Bury St Edmunds office of the agent has concluded deals on two substantial warehouse premises on Burrell Way, with another warehouse under offer on nearby Stephenson Way on the same estate.

All three property instructions are part of a programme of property divestment of Multiyork following the furniture company’s cessation of trading.

Unit 10a Burrell Way has been sub-let to the UK operation of the international Smardt Chiller Group who now occupies a 2,045 sq m (22,011 sq ft) refurbished unit, of which nearly 1,645 sq m (17, 695 sq ft) is warehouse space with the remainder comprising offices at ground and first floor level.

The unit opposite, at 10b Burrell Way, is 5,543.12 sq m (59,655 sq ft) of warehouse with a large mezzanine level.  The freehold was marketed for sale with a guide price of £1.85 million.  While the price achieved remains commercially confidential, it has been sold to Maze Rattan, specialists in garden and conservatory furniture to trade, direct and online retail customers.  The company has a showroom in Haverhill, Suffolk. 

The last in this current clutch of industrial instructions is Stephenson House on Stephenson Way where the freehold was for sale at a guide price of £2.1 million. 

The total accommodation is 7,793 sq m (83,884 sq ft) on a 2.85 acre site.  There are two floors of offices, a mezzanine level with a warehouse of 5,927.8 sq m 63,806 sq ft).  Barker Storey advises that this unit is currently under offer to an owner occupier.

Steven Mudd, of Barker Storey Matthews’ office in Bury St Edmunds, has led these three Thetford instructions and he commented, “Investors and occupiers have a very positive view of the London Road Trading Estate.

“Six months ago there were at least eight vacant units but now all are sold or let to new occupiers or under offer.”

For information on industrial premises in Thetford and the surrounding area, contact contact Steven Mudd at Barker Storey Matthews’ Bury St Edmunds office, tel 01284 702655 or see bsm.uk.com.