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UK Budget 2010

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Grimsby Road, Cleethorpes, North East Lincs

£174,950

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Businesses wanting excellent transport links and distribution facilities will soon be moving to Lincolnshire's largest warehouse distribution centre following the completion of the development's first phase.

Network 46 is situated on the 65-acre former RAF Swinderby base between Lincoln and Newark-on-Trent on the A46 and is being developed by REIT Asset Management following its acquisition in September 2007. With phase one now complete, three newly constructed units are available to let ranging from a 10,000 sq.ft facility, that can be divided into two units, 20,000 sq.ft and 35,000 sq.ft - all with eaves height between eight and ten metres.

A further 60,000 sq.ft with extensive yardage is available in a former RAF hangar. REIT has completed and let a 100,000 sq.ft 'design & build' unit to Lincoln-based Danwood, the largest independent supplier of Total Office Solutions in the UK and Ireland. Danwood's warehouse facility includes 21,000 sq.ft of offices on three storeys and 122 car parking spaces on a seven-acre site. The company moved into its new facility on schedule in August and is on course to create over 100 jobs.

Nicholas Mehangra, Asset Manager at REIT said: "We are delighted to have completed phase one of Network 46 on schedule and with a shortage of modern distribution facilities in the area we anticipate strong demand. The site has planning approval for a further half a million sq. ft. of development which we are making available on a design and build requirement." The Network 46 units all feature large secure yards and have the option for sub-division and the provision of offices. The three newly constructed units benefit from an insulated steel portal frame and modern roller shutter doors.

William Downing, partner of Pygott & Crone said: "Network 46 will provide a great boost for Lincolnshire in terms of attracting large businesses and jobs to the area. We have already had a number of enquiries from national companies wanting to relocate and the fact Danwood has already moved in demonstrates the interest from expanding or relocating local businesses."

The development is situated nine miles from Lincoln, 28 miles from Nottingham and is adjacent to the A1 and M1 motorways. With Newark train station only eight miles away the site also has excellent access to East Coast Mainline trains, which take approximately one hour to London.

The former RAF Swinderby opened in 1940 as a Bomber Command airfield during the Battle of Britain. In 1964, Swinderby changed its role to that of recruit training, responsible for the basic training of all enlisted RAF personnel prior to their trade training. It remained an important centre until 1995 when it was put up for sale.

Property consultants Pygott & Crone and GVA Grimley have been appointed joint agents for Network 46.

For further information please contact either William Downing at Pygott & Crone on 01522 536777