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•• Carshop on Trax for Expansion Drive
     

Gent Visick, the Leeds based industrial property specialists, have sold Trax Park, a 123,000 sq ft warehouse unit, located off Junction 3 of the M18 in Doncaster to the Carshop Group. The building, constructed in 2005, was owned by UBS in a fund managed by Protego Real Estate Investors.

Gent Visick, who originally sold the building to UBS, confirmed that a change of use planning permission had been granted to enable Carshop to convert the premises into its fourth UK Megastore.

Trax Park

The car dealership, which currently operates sites at Northampton, Cardiff and Swindon, has chosen the site close to the A1 and M18 as a base from which to establish its presence in the north of the country whilst locations for further stores are being sought.

Carshop claim to provide a ‘lowest price guarantee’, by partnering with blue-chip companies to sell used-cars held on a sale or return basis, thus minimising costs.

Andrew Gent of Gent Visick commented: “This transaction is a massive boost for the M18 corridor market. Whilst there has been limited stock in the M62 corridor the M18 corridor has seen significant speculative development with a number of existing buildings currently available. The sale of Trax Park is just the impetus needed to kick start further sales or lettings in this market.”

     
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