Acting in an intermediary capacity for the parties John Slade of Monk & Partners has negotiated a new lease of units 4 and 5 Cannon Mill Business Park, Estover, Plymouth.
Terms have been agreed on a 7000 sq ft mid terraced unit between Landlords, Frog Investments and tenants Mercedes Benz Plymouth.
Mercedes already occupy the adjacent two units and with the knowledge that former tenants, parcel delivery company DPD were leaving, it was an ideal opportunity to expand their Pre Delivery Inspection and commercial vehicle sales and service centre into the unit in support of their retail showroom premises at Derriford.
John Slade commented “ the availability of industrial premises in Plymouth is at an all time low and the ability to acquire the adjacent unit to Mercedes existing workshop premises was opportune. A new lease until 2030 has been agreed.”