Welcome relief for vacant property
Tenants secured for Belshill industrial units
Quantum Europoint has taken a 15,790 sq ft refurbished unit at James Street on a five year lease with rent set at £75,000 a year. The premises will house materials for the sign making, wide format printing and industrial plastics market in Scotland.
Howdens Joinery Properties, a supplier of kitchens, will increase its operations when it relocates to an alternative unit in James Street. It has taken 10,425 sq ft on a 15 year lease at a rent of £65,000 per annum. The move will allow Howdens to expand its floorspace in Bellshill by almost 50%.
The lettings will be welcomed at a time when new rules affecting business rates on vacant industrial units are due to come into effect.
David Rolwegan, associate director at CBRE, said: “I am confident that it won’t be too long before we announce a further letting.”
CBRE represented landlord Wordie Properties whilst Montagu Evans acted for Howdens Joinery Properties Ltd and Dunard represented Quantum Europoint.