Small Businesses Lead a Spate of Success at Nottingham Industrial Estate
13th February 2013
NG CHARTERED Surveyors close to filling a new set of micro units on an industrial estate in Nottinghamshire – a sign that small businesses in the region are feeling confident despite the tough economic climate.
Seven out of nine brand new 1000 sq. ft. units – the Sycamore Pods at the Moorgreen Industrial Estate – are now let, with strong interest in the remaining two.
The units have been on the market since 2011, but interest has shot up in recent months, particularly from start-ups. The spate of new deals brings a greater diversity of businesses to the estate. New tenants include a micro-brewery, a renewable energy firm and a book restoration company.
Henry Henson of NG Chartered Surveyors, said: “Since the credit crunch, small businesses have been nervous about taking on a new property, choosing to put off the decision until they were feeling more confident about the future.
“But the last four or five months have been an entirely different story. We’ve had lots of enquiries from people who are serious about taking on new business space, so we’ve been able to do a series of successful deals that mean nearly all of the Sycamore Pods are now let.
“A lot of the new tenants are start-ups, which I think is a sign that smaller companies – which have less fixed costs and more flexibility – are in many cases doing better than medium sized and larger companies who have been badly hit by the economic downturn.”
One of the new tenants is David Winfield – co-owner of the White Dog Brewery. He set up the business with friends Paul Burke and Eamon Lyons in March 2012. The company moved into one of the Sycamore Pods in November 2012, and started trading soon after. He said: “Paul is a talented brewer and Eamon and I have experience running our own businesses. We were all itching for a new venture so we decided to go for it.
“Now that we’ve moved into the new space we’re ready to drive the business forward. We’re feeling really positive about the future. Last Friday our first brew went on sale at a local pub – the Marlpool in Heanor – and it was sold out the next morning. We’ve started to supply another pub in Ilkeston and we’re now working on building contacts with pubs and showing off our products at local beer festivals.
“Our Sycamore Pod is perfect for us – it’s new, smart and in a nice area. We had looked around so many other places that just weren’t up to scratch.”
Andy Graves, owner of Sycamore Bookbinders – a bookbinding, printing and book restoration specialist with clients as far as Japan and Dubai, moved into another of the Sycamore Pods in December 2012. He set up the business after being made redundant from his previous job.
“I had built up some great contacts at my old job, and many of them said they would work with me if I set up on my own,” said Andy. “I needed a place to set up an office and workshop and the Sycamore Pods were the perfect space and price for what I needed.
“So far things are going well. I’ve just won a contract with the Isle of Man Heritage Museum and I’ve taken on three members of staff.”
As well as reaching full occupancy of the Sycamore Pods, NG Chartered Surveyors has completed another deal at Moorgreen Industrial Estate – letting a larger unit at Chestnut House.
With further deals in the pipeline for the remaining unit on Birch Park and the last Ash Court unit, NG is aiming for an overall 100 per cent occupancy of the entire Moorgreen estate.