Rotherhill secures prime industrial site in Daventry

A Midlands-based property developer has expanded its portfolio after buying an industrial unit in Daventry.

Rotherhill, alongside funding partners DCS 452 Limited and Nowell Spring Group Limited, has purchased a 10,000sq ft unit on Drayton Fields Industrial Estate from a private pension fund.

Bosses say the site, which has strong transport links, will now undergo a full refurbishment, including a roof re-coating and new heating and lighting to create a “best-in-class facility with a view to securing a long-term tenant or sale of the freehold interest to an owner occupier”.

Stuart Waite, Rotherhill associate director, said: “We are pleased to have completed the acquisition of this property on a well-established industrial estate in a location with very limited supply within this particular size range. 

“We are targeting completion of the refurbishment works by the end of July 2025.”

Paul Bagshaw, Rotherhill owner and founder, added: “This acquisition is exactly the type of opportunity we’re interested in and one where we can add value by investing in a refurbishment programme to modernise the premises. 

“We continue to target existing buildings with strong fundamentals, either with short income or vacant possession, where we can utilise our expertise in building refurbishment to create a high-quality product at a discount to new build.”

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