A Mansfield Woodhouse industrial estate developed to address the need for more high-quality starter units is nearly fully let after being released to market earlier this year.

Strawsons Property speculatively developed 36,000 sq ft of industrial space at Old Mill Lane in response to the lack of stock available in the market – a move that has been rewarded with a take up of 70 per cent so far.

New tenants include construction firm RKP Developments, GK Motors, Diamante Crafts and Pro Shrimp Ltd.

The development includes 21 light industrial / warehouse units with those remaining varying from 1,246 to 1,948sq ft.

Stuart Waite, associate director at Innes England, who is marketing the scheme, has agreed terms on 70 per cent of the available stock, including two 4,000sq ft units.

He said: “There is a really strong demand for good quality smaller industrial units in the north Nottinghamshire area but there has been a lack of supply,, which Strawsons has addressed at Old Mill Lane.

“Speculative development has been steadily making a return across the East Midlands and the strong interest in this site is illustrative of the fact that those taking the risk are being rewarded.

“The units are being snapped up, and the headline rents being achieved reflect the underlying demand for units of this size in the area. The addition of developments such as this are a real positive for the market and offers suitable accommodation for SMEs which have been struggling to find good quality space recently.”

The development includes 21 light industrial / warehouse units with those remaining varying from 1,246 to 1,948sq ft.