Monk & Partners have secured the letting of a new hybrid industrial and office unit at Darklake Park.
Unit 20 is located at the entrance to this brand new development which was acquired by an investor with the new tenant Healthcare at Home being a relocator from another business park in Plymouth.
The unit has a gross internal floor area of circa 332 sq m (3578 sq ft) over two floors with a generous parking and yard area.
John Slade of Monk & Partners commented, “this unit provided a fairly bespoke layout with 50% offices within. We had a number of parties showing interest in the unit but managed to secure a letting for a term of 10 years on a stepped rental pattern. The Darklake Park scheme has proved to be a very popular new business park providing a range of high quality attractively designed buildings in a range of sizes from circa 60 sq m (650 sq ft) upwards.
Acting on behalf of ETE Ltd and private investors, Monk & Partners have secured 2 lettings of adjacent properties in Barbican Approach and Commercial Rd, Coxside, Plymouth to Enterprise Rent-A-Car.
Plymouth agents Monk & Partners were instructed by the leaseholders of 2 Barbican Approach to find a sub-tenant for the 270 sq m (2900 sq ft) industrial workshop premises and after a fairly long period of marketing and change of use process they secured Enterprise Rent-A-Car for the subject premises. Simultaneously Monk & Partners negotiated lease and rental terms with the same tenant on the adjacent property being circa 380 sq m (4100 sq ft) from different owners to create a joint letting of the two premises. The two properties were formerly occupied by a limousine rental company and Speedy Hire among other users over time. 2 new leases until circa 2030 have been agreed.
John Slade of Monk & Partners commented “ this was one of those unconventional and satisfying deals whereby one premises was insufficient for the acquiring tenants needs and following some investigative endeavours it turned out the adjacent property could also be leased alongside making the two properties large enough for the car rental firm’s needs.''
The properties are located fronting two main routes in Coxside making for a prominent and convenient location for the new tenant to relocate to following some extensive refurbishment and branding for their purposes.