Work underway at Monks Cross Business Park in York
07 September 2021
Work has commenced on MX Park, a 30,000 sq ft industrial and warehouse business park in the heart of Monks Cross in York. The Park features 11 hi-spec industrial units, ranging from 1,925 sq ft to 3,550 sq ft in size, which are available to lease on flexible terms.
Developed by Guildford-based Tonsley Investments, it is expected to create up to 40 new and sustainable jobs once the park is completed in spring next year.
Richard Flanagan of York property consultancy Flanagan James, who are advising Tonsley Investments, commented on this project:
“There is a shortage in York of well-located, high-quality, industrial/warehouse units such as those being provided at the new MX Park.
“Experience has shown us that these types of units appeal to a wide range of businesses due to their flexible nature and the ability to install mezzanine floors. In fact, we are already dealing with a number of enquiries and I am confident that we will have agreed on terms with a number of occupiers prior to completion in spring next year.
“Monks Cross has been one of the most successful out-of-town developments in North Yorkshire over the past 20 years, with a superb mix of office, industrial, retail and leisure facilities, including the brand-new LNER Community Stadium and the prestigious Monks Cross Retail Park.
“It is a proven location and economic hub, situated adjacent to Monks Cross Drive off the A1237 York Outer Ring Road, which provides direct access to the A64 and the excellent regional motorway network. The park is also less than three miles away from the historic city of York,” said Mr Flanagan.
Dan Hodge of joint agents Ryden added:
“These units are going to be both hi-spec and flexible, with integrated offices, kitchenettes, dedicated parking spaces and ready for EV charging. Thanks to the combination of the quality of the park and its location, we are anticipating serious and sustained interest.”
James Dodwell of Tonsley Investments says:
“This is an exciting project in many ways. We acquired the site with Go Store Self Storage and have since formed a joint venture to develop and operate a portfolio of Self Store units with Go Store, with their first being at Monks Cross. At the same time, we hope MX Park will be the first in a pipeline of industrial developments for us, as it represents an exciting addition to our existing portfolio."
