Acti
ng for a Private Pension, Monk & Partners have sold 2 adjacent industrial units on the popular Stowford Business Park in Ivybridge.
Following a competitive bid situation, the tenant of unit 5, GKS Motors have acquired their unit along with the adjacent unit 6 as an investment.
M & P Director John Slade said “industrial space continues to be in extremely short supply generally with Ivybridge being no exception and prices remaining strong for both new and second hand space.
Stowford Business Park and the adjacent Filham Moor seldom have any vacancies coming to the market so we were pleased to get the instruction to sell for the landlords who had owned and occupied the properties for a long time prior to letting them in recent times.