On behalf of Woolstone Associates LLP, Savills has let five units at Titan Drive in Fengate, Peterborough to Kingsgate Community Church, Supermax Healthcare Limited and Plumb City Limited respectively. Plumb City, a leading plumbing manufacturer and supplier, has agreed to a new 10-year lease for Unit 2, which totals 3,143 sq ft (292.01 sq m). Whilst Kingsgate Community Church and Supermax Healthcare Ltd have both agreed to new three-year leases and will occupy Unit 11 totalling 7,235 sq ft (672.14 sq m) and Units 14 to 16, which total 18,718 sq ft (1,738 sq m). Following this recent activity, only three units ranging from 7,239 sq ft (672.48 sq m) to 14,565 sq ft (1,353.08 sq m) remain available to let at a starting quoting rent of £4.50 per sq ft (£48 per sq m). Phase Two of Titan Drive also offers 11 acres (4 hectares) of development land, which has outline planning permission for employment uses and is for sale as a whole or as smaller individual plots. Edward Gee of the business space agency team at Savills, comments: “Situated in Eastern Industry, one of Peterborough’s principal industrial locations, Titan Drive benefits from excellent access to the parkway system and in turn the A1(M) and surrounding areas. We are very pleased to have let these units on behalf of our client and expect to receive strong interest in both the remaining units and for phase two of the site.” Source link

Leeds BS has announced today that it has launched two new fixed rate BTL mortgages that have no early redemption charges. The new products are a two-year fix at 2.50% available up to 60% LTV and another two-year fix at 3.15% up to 70% LTV. Both come with free valuation, fees assisted legal services for standard remortgages, and has a £1,999 fee. Jaedon Green, Leeds Building Society’s Director of Product and Distribution, said: “These latest additions to our competitive buy-to-let mortgage range offer borrowers extra flexibility through the absence of penalties for early redemption. There have been a lot of changes affecting the buy-to-let market in recent months and the phased introduction of new regulation and tax treatment requires a period of adjustment for landlords. Change creates uncertainty, hence our timely introduction of these latest buy-to-let deals. The absence of ERCs means landlords can evolve their approach to the emerging legislation while retaining a degree of flexibility.” Source link