An unnamed corporate client has finalised a five-year lease agreement for units at the Western Bank Industrial Estate, near Wigton, Cumbria.
This strategic location offers modern facilities and excellent transport links, enhancing its appeal for businesses looking to expand their logistics operations.
Strategic Location and Connectivity
Western Bank Industrial Estate is strategically positioned on the western periphery of Wigton, a bustling market town nestled in the northern expanse of the Lake District Fells. This location is approximately 12 miles southwest of Carlisle and 22 miles north of Keswick, offering significant logistical advantages. Tom Bromwich highlighted that the B530 link road connects Wigton to Penrith and junction 41 of the M6, facilitating seamless road transport.
Additionally, Wigton boasts a train station that provides regular services to Carlisle and the Lake District coast. This dual access to road and rail infrastructure significantly enhances the estate’s attractiveness for businesses seeking optimal distribution channels.
Lease Agreement and Client Requirements
A prominent commercial estate agency facilitated the lease agreement for a corporate client in need of additional warehousing space. The client has secured 5,000 sq ft at Units 1A and 1B and an extra 792 sq ft at Unit 3A within the estate. The lease spans five years, indicating a significant commitment to the location.
Bromwich Hardy adeptly negotiated competitive terms on behalf of its client, ensuring that the lease agreement met the client’s specific requirements for modern and accessible warehousing in the north of England.
Modern Facilities and Competitive Terms
The units at Western Bank Industrial Estate are described as modern, which is a key consideration for businesses looking for contemporary amenities. These facilities cater to a wide range of logistical needs, from storage to distribution.
The terms of the lease were competitively negotiated, underscoring the value offered by the estate. This factor, combined with the modern facilities, makes it a compelling choice for businesses. Tom Bromwich expressed satisfaction in meeting the client’s needs, stating, “We were pleased to find a very suitable location for one of our corporate clients who needed extra and well located warehousing in the north of England.”
Geographical and Economic Relevance
Wigton serves as a crucial node in the northern range of the Lake District Fells, making it geographically significant for businesses targeting this region. The town’s proximity to Carlisle and Keswick further amplifies its strategic importance.
Economically, the Western Bank Industrial Estate benefits from being in a market town that attracts considerable business activity. This economic vibrancy enhances the estate’s viability as a logistics hub.
Role of Bromwich Hardy
Bromwich Hardy played a pivotal role in securing the lease, leveraging its expertise in commercial real estate. The agency’s ability to negotiate favourable terms was instrumental in the successful conclusion of the deal.
The estate agency’s involvement ensured that the client’s needs were meticulously addressed, from the adequacy of the space to the competitiveness of the lease terms. This underscores the importance of professional agency involvement in high-stakes commercial property deals.
Future Prospects
The five-year lease agreement signals a long-term commitment to the Western Bank Industrial Estate, suggesting future business stability and growth. This lease could potentially catalyse further investments and development within the estate.
With the strategic location, modern facilities, and competitive terms in place, the estate is well-positioned to attract more businesses seeking similar logistical advantages. This could lead to increased economic activity in Wigton and its environs.
Client Testimonial
Tom Bromwich expressed satisfaction with the lease agreement, stating, “The Western Bank Industrial Estate is perfect as these are quite modern units and within easy reach of rail and road transport.” His comments underscore the significant logistical advantages offered by the estate.
The successful lease agreement at Western Bank Industrial Estate demonstrates the estate’s logistical advantages and modern facilities.
This could set a precedent for future business engagements and economic activity in the region.