29 October 2009
Flexible terms attract new tenants
Despite the on-going recession, flexible lease terms and attractive rent packages are attracting high levels of enquiries and new tenants to the industrial units at King Street Industrial Estate.
'Low cost in, easy out' agreements provide a flexible, low risk option for start-ups and established businesses wishing to expand without any long term property commitment - comforting in today's economic climate. On the other hand, for those wanting the stability of a lease, the estate can offer industrial units to let at competitive rents and with a progressive approach to lease terms and fees.
"The estate has always drawn tenants by providing a good mix of benefits including good site security, pleasant landscaping and easy access from Peterborough and the surrounding market towns. However, we have recently overhauled our lease packages, moving away from the traditional lease only approach of most commercial landlords", says Dan Hiblin, Director at Workplace Property Ltd who own King Street Industrial Estate. "The response has been fantastic - we are now experiencing occupancy levels not seen since 2006 - and are moving forward with plans to construct 6 brand new industrial units for speculative let".
With industrial units to let from 800 to 13,000 sq ft, King Street Industrial Estate is ideal for start-ups and businesses who want the flexibility to expand in a secure, pleasantly landscaped environment.