The Cartwright Bros depot in North Hykeham is on sale for £3.3m, marking the end of the 80-year-old business.
- The depot spans nearly 79,000sq ft and features a substantial four-bay warehouse and external yard.
- This sale follows the company’s recent administration due to economic challenges such as fuel prices and driver shortages.
- The property offers potential buyers a strategic location within two miles of the A46.
- The family-run Cartwright Bros expressed deep sadness over the closure caused by various external pressures.
The esteemed North Hykeham depot of Cartwright Bros, covering nearly 79,000 square feet, is currently on the market with a price tag of £3.3 million. This notable property, marketed by Watling Real Estate, includes a four-bay warehouse and an expansive yard, offering significant potential for interested buyers.
The sale arrives swiftly after the appointment of administrators to Cartwright Bros, a decision compelled by adverse economic conditions. The combined impact of rising diesel costs, the ongoing consequences of the Covid-19 pandemic, and critical HGV driver shortages, compounded by geopolitical factors such as Brexit and the war in Ukraine, have placed insurmountable pressure on this 80-year-old family business.
Reflecting on the forced closure, the directors of Cartwright Bros conveyed their profound regret and described the decision as one made with “tremendous sadness.” The family-run company, synonymous with reliability and tradition in the haulage industry, could not withstand these multifaceted challenges.
Strategically positioned within two miles of the A46, the property offers an advantageous location for logistics operations. Prospective buyers are invited to make offers around the £3.3 million mark for the freehold. The warehouse’s features, such as a clear span with LED lighting and a range of internal heights up to 9m, further enhance its appeal.
This development marks a significant transition for Cartwright Bros, once a staple in the local economy and a key player in the regional haulage sector. Despite providing innovative services, such as the truck-mounted forklift solution for Finnish spa specialists, the economic environment proved too challenging.
The sale of Cartwright Bros depot signifies the end of an era, highlighting the tumultuous conditions affecting traditional businesses.
