Adroit Real Estate Advisors (AREA) have been appointed by Tilstone to assist in the marketing of the vacant units at Stadium Industrial Estate, Cradock Road, Luton on behalf of Warehouse REIT.

The two vacant units, Unit 4 and Unit 11/12 total 8,674 sqft and 15,790 sqft respectively. Unit 4 has been refurbished and benefits from 6.75m eaves height, a new roller shutter door, new double glazing, LED lighting within the redecorated two storey offices, whitewashed walls and a paint sealed floor. Works are due to begin shortly on Units 11 and 12.

Dan Jackson commented “Our research shows that occupiers express a clear preference for refurbished accommodation. By undertaking the works speculatively at Stadium Industrial Estate, Tilstone are setting themselves apart from the majority of other immediately available options on the market today. Given their location between Luton and Dunstable, the quality of the access to the M1 (Junction 11) and the cost effectiveness of Luton as an industrial location compared to areas further south including Hemel Hempstead, St Albans, Watford and the M25, we expect these units to be well received by the market”

The units are coming to the market at a time when research by AREA shows that industrial and logistics availability within the Luton Dunstable market is at a record low. “In a normal market we’d expect to see around 1.5m sqft of available space within Luton and Dunstable. At the moment its now under 200,000 sqft, which is a significant drop from the 500,000 sqft available 12 months ago”.

Adroit Real Estate Advisors will act jointly alongside LSH. Details of the properties can be found here

11 12 Stadium Adroit Luton 4 Stadium Adroit Luton