Press

NORTHERN TRUST COMPLETE 6,250,000 POUND MULTI LET TRADING ESTATE ACQUISITION IN WORKSOP

6th September 2023

Northern Trust is pleased to announce the acquisition of Vesuvius Business Park in Worksop. The estate set on 4.13-acre site comprises 16 trade counter units and three retail buildings totalling 46,921 sq ft. The development of the site was completed in 2021 and current occupiers on site include, Kitchen Craft, Burger King, Just Tyres and Subway.

Tom Parkinson, Director at Northern Trust commented “This high quality development compliments our Midlands portfolio as we continue to expand through strategic multi-let acquisitions and developments. Currently our portfolio supports in the region of 25,000 jobs across the UK providing space for the SME business community.

MK2 Real Estate advised Northern Trust on the acquisition and undertook the building survey of the site. Mark Johnson a Director at MK2 added, “Vesuvius Business Park is a well-located prime asset with just two remaining units to let. It achieves above average rentals, providing a new build addition to the Northern Trust portfolio.”

CBRE acted for the vendor.

Vesuvius, accessed off Sandy Lane, is prominently located adjacent to the A57 and opposite Asda Superstore. The units remaining available cover 1,208 sq ft and 3,816 sq ft respectively.

The site will be actively managed by Northern Trust’s Midlands office, with the Midlands region now extending to 1.4 million sq ft in 33 locations. For more details on available space please visit www.ntproperties.co.uk or contact the Midlands office on 01543 478900.

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