Harris Lamb Blog – 25th April

 


 

Lance Turner

25th April, 2011.

Jog Off!

By Lance Turner, Agency.

Jog off into the ice bath anyway, that was my first reaction when I crossed the finishing line of the London Marathon a week or so ago…..

 

 

The route provides 27 miles of privately funded and operated highway from Coleshill in North Warwickshire to Cannock in South Staffordshire.  The road carried an average 47,592 vehicles on weekdays in the summer of 2010  and from my experience of the Toll Road, private cars form the vast majority of the traffic.

The M6 Toll Road was identified as an “M6 Relief Road” to alleviate congestion on the M6, which is something many people feel has not been adequately addressed and, with one way car tolls at peak periods of £5, this is something to be debated elsewhere.

From a property perspective the benefits have probably been more tangible than the traffic improvements.  The southern end of the Toll Road and the ‘T1’ junction close to J4 M6 coincided with some of the latter stage build projects at the Hams Hall National Distribution Park, a 430 acre business park which ranks as one of the best such employment parks in the UK.

Junctions T2 and T3 appear to largely function as commuter gateways for those living to the south and east of Sutton Coldfield from where national motorway access has improved considerably and the effect on house prices has been positive in these areas.

The access to Junctions T4 and T5 at Weeford and Lichfield has given a stimulus to residential and commercial property markets alike with possibly the biggest winner being the 300 acre Fradley Park, where some of the largest distribution buildings in the area have been built with more to come.  We are marketing the new Fradley Prologis Scheme with 70 acres and units to 700,000 sq ft available to be built and which will be on site shortly.

T6 Burntwood, a forgotten part of the West Midlands conurbation 10 years ago for business and for new build residential perhaps, has not quite been “transformed” but certainly “considerably improved”.

T7 & T8 and the Cannock access points to the Toll Road provided the catalyst that has helped to promote the former coal mining town into a first rate employment location.  Significant development of a cross section of employment type accommodation from offices to manufacturing and warehouse operations has bought vitality to Cannock which I think is largely due to the Toll Road passing the town’s doorstep.

For those drivers who still regularly sit stationary on the M6 between junction 8 and 10 bemoaning the state of the traffic and whether the Toll Road has done the job it promised, the tangible benefits are probably in property as much as traffic counts.  The commercial new build and viability of new schemes along the entire length of the Toll Road has been transformed since the road was built.

… I completed my first (and last) marathon in 4h 47m which, given that this is the first competitive race I have entered since egg and spoon races at school, I was very pleased indeed. I was lucky enough to run most of the race with my training partner Robin Mayo and I think this really helped to keep both of us focused and motivated especially in the latter stages of the race.

I have to say the crowd along the route really do provide the ‘12th man’ in the support they give to all those taking part with their waving, cheering and general noise and buzz that is very uplifting.

My partner Ellen was waiting for me at the end and the relief, pain and joy nearly proved too much for me but the money that I raised for Leukaemia Care looks to be something over £2,500 so a huge thank you to all who supported me and Robin too as he has raised a similar amount for St Richards Hospice.

My aim was to beat the 5 hour barrier and I also broke my personal target which really pleased me – and no I, didn’t run the marathon dressed as a parrot but I did get overtaken by a man carrying a washing machine on his back!

I feel I have joined an elite club having completed a marathon and their are now 4 of us at Harris Lamb who have done so too; Claire, Nick and Andy Lamb. I wonder who will be the 5th one?

If you would still like to donate my web site is www.justgiving.com/lanceturner


Remeber; property matters are often a marathon, not a sprint. For clear thinking, strategic commercial property advice, contact Harris Lamb. 0121 455 9455 or info@harrislamb.com.      

Disclaimer: The views expressed within this article or weblog (‘blog’) are the personal views of the contributors and authors only and do not necessarily reflect the views of any named companies or thier employees.