South Street Capital on behalf of private clients has submitted a planning application for a new 35,000 sq ft (3,252 sq m) trade counter development on Norfolk Street, Boston.
Subject to planning, the new units will be located on the established Boston Trade Park which is located a short distance to the north of Boston Town Centre.
The site, formerly a canning factory during World War II, is currently home to national occupiers including Screwfix, Rexel, Edmundson Electrical, Howdens and Euro Car Parts and it is hoped that the new development will further enhance the estates trade counter offering once complete.
The proposed development will create a high quality trade counter / industrial scheme incorporating a variety of different sized units set in two terraces.
The Lincoln offices of Banks Long and Lambert Smith Hampton have been instructed to market the scheme.
James Hall of Banks Long commented: “This proposed scheme by Wagner Developments is positive news for Boston and the new trade units will raise the profile of this site. We are already in detailed discussions with a number of national trade occupiers.”
Andrew France of Lambert Smith Hampton added: “With an ongoing shortage of good quality trade counter units in the Boston area combined with resilient demand and a firm level of enquiries for industrial space in the town coming through our regional office, the proposed scheme will be a welcome addition to the town.”
Local architects John Roberts Architects have designed the scheme and submitted the planning application on behalf South Street Capital.