Work on new Motorpoint car supermarket drives forward at Sheffield Business Park

Fit out work gets into gear on the new Motorpoint car supermarket at Sheffield Business Park for a Spring 2017 opening.

The Sheffield office of Knight Frank, alongside automotive specialists Barber Wadlow, acted for Kames Capital in securing a new 20-year lease of the former Carcraft supermarket to Motorpoint.

The premises, one of the last 100,000 sq ft units available in the Sheffield City Region, attracted a host of potential occupiers interested due its close proximity to the M1 motorway and the capacity to expand business operations on the site.

Rebecca Schofield, partner at Knight Frank in Sheffield, said: “Motorpoint already operates a comprehensive network of sites and they were keen to add Sheffield to their portfolio. Location was the key driver.

Chris Wakefield, fund manager at Kames Capital, added: “There was significant competitive interest in the property and we were pleased to be able to structure a deal with Motorpoint on the terms agreed.

“We are sure the site will prove a success for the tenant and represents a further endorsement of this key location.”

As the UK’s largest independent car retailer, with 12 sites nationwide, Motorpoint will occupy a prominent position on the 9.8 acre site off Europa Link at the business park.

The site provides a car sales area for around 275 vehicles housed in just under 111,000 sq ft along with workshop area, wash bay and spray bay. Externally, the yard can accommodate 850 vehicles with room for further business expansion.

Adam Wadlow, partner at Barber Wadlow, commented: “This transaction is further proof of the strong performance of the user car sector which is now in excess of eight million units per year and the major car supermarkets desire to build national networks to capitalise upon this substantial market.”