A former army garage which has operated as a business park for the last 20 years is to be upgraded in the latest regeneration project from new owner Allenby Commercial.
Chamberlain Business Centre in east Hull is home to around 60 small businesses operating in a wide range of sectors.
Allenby has now completed the acquisition and will begin a phased programme of investment designed to build on the 100,000 sq ft of business space.
Dale Gooderham, asset manager, said: “Everything we do is aimed at creating business opportunities in the local community and this is an excellent location for that.
“There are a lot of other businesses nearby, some of them major employers, there is new investment in neighbouring sites and in infrastructure and there are some well-established residential areas on our doorstep.”
The acquisition for an undisclosed sum from national operator BizSpace comes only three months after Allenby completed the purchase of former Bonus Electrical premises in Willerby, near Hull, which will become a third Trade Yard branded site. Beverley and Scunthorpe are both now at capacity.
Allenby also operates award-winning retail at Paragon Arcade in Hull and a combination of modern office developments at sites across the city including Worx, Chariot House, The Bloc and the Grade II Listed Bayles House and Danish Buildings.
But Chamberlain Business Park is described as the most versatile site in the portfolio, offering space for office, industrial and manufacturing use, with activities including distribution, modular building, flooring, specialist vehicle repair and fabrication.
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Most of the site is under cover but there are also small yard areas and containers available to rent.
An early priority is the refurbishment of a dilapidated 8,000 sq ft unit.
Dale said: “We understand that years ago the business centre was an army garage where damaged or broken down tanks, lorries and other vehicles were brought to be repaired. But for the last 20 years it has been a business centre and now the owners have decided it’s surplus to requirements.
“It’s a good, busy site in a great location with a high occupancy level and is ripe for development to bring the facilities up to date and to bring some of the smaller units back to life.”