Bury as a town has been starved of new industrial and warehouse developments since the highly successful Bury South Business Park, which was developed by Property Alliance. This scheme which amounted to 56,000 sq.ft, took everybody by surprise back in 2012, all the accommodation was sold or let in a very short space of time. This scheme reinvigorated the local market and provided occupiers with a taste of what new accommodation could provide. It is a shame therefore that it has been almost 6 years until the next spec scheme.
Sladen are making great progress with the Park 66 site, which includes the former cinema and bowling alley, which became surplus to requirements and were demolished last year. The mixed use scheme is well underway and three of the four warehouse units are under offer, which is very encouraging, especially at rents in excess of £7.00 per sq.ft and capital values of £120.00 per sq.ft. This is an excellent site adjacent to Junction 3 of the M66.
The next and probably most attractive scheme ever produced in Bury will be Chamberhall Business Park, which is about to be developed by St. Modwen Developments. The scheme will hopefully receive detailed planning consent in December, with construction to start at the end of January 2019. This scheme designed by Pozzoni Architects provides units either available to purchase or to rent from 2,750 sq.ft up to 44,000 sq.ft in size but with a total size scheme of 130,000 sq.ft.
The specification is high and there already are four potential occupiers waiting in the wings for the scheme to receive planning and proceed.
Paul Nolan from Nolan Redshaw has said:
“This is what the local market has been crying out for and as soon as we have the product finished and ready, there is no doubt that it will attract occupiers”.
Chamberhall is an eminently sustainable site as it is within walking distance of the Town Centre of Bury, with its legendary market and successful shopping centres. Bury also boasts some of the best Schools in Greater Manchester and attractive residential areas and adjacent Countryside.
It is hoped also that if Chamberhall is successful that other developers will look at constructing speculative schemes within the town. The Council are very much pro-business and with a young and energetic Leader, Rishi Shori, and a new Chief Executive, Geoff Little, who are both keen to take bury to the next level. We are all optimistic for the future.