Morris Property welcomes Toolstation to Vanguard Park
National building products supplier Toolstation is to become the first tenant to move into the fourth phase of Vanguard Way, Morris Property’s Trade Park Development on the outskirts of Shrewsbury.
Toolstation is a leading supplier of trade tools, accessories and hardware products and has 93 branches across the UK, with a further 25 in development.
The 5,000 sqft trade counter was taken by Toolstation at a headline rent of £7.00 per sqft for a ten year lease.
“Toolstations’s investment in state-of-the art, accessible warehousing means our extensive range of products can easily be purchased over the counter. Our new unit at Vanguard Park meets all our specification needs and Morris Property’s competitive rental rates help us to deliver high quality products at low prices,” said Philip MacLauchlan of Toolstation.
The fourth phase of Vanguard Park comprises six new trade counter units, split into 2,500sqft, 3,750sqft and 5,000sqft units. Each unit is constructed to a high specification, with Kingspan insulated wall panels, full height glazing to the front elevation, forecourt customer parking and an electric loading door and secure compound to the rear.
Liz Lowe, Head of Estates, Morris Property commented: "We are delighted to welcome Toolstation to Vanguard Park. This development continues to be popular with local and national trade counter operators alike - bucking the trend with 66% of the new development under offer prior to its completion in June this year.”
