Commercial property agents, Monk & Partners are pleased to announce the letting of Unit 1 Haxter Court, at Roborough, Plymouth.
Comprising a brand new development of 4 High Spec B1/B2/B8 units completed just last month, Monk & Partners were instructed to market the properties at the end of November last year.
There were 3 terraced units of circa 3500 sq ft and a detached unit of 10,000 sq ft with Solar PV panels on the roof, electric vehicle charging points and all within a secure fenced site. The units have been was well received in the market place being of a higher spec than the standard industrial/warehouse units normally seen in the Plymouth market.
Agent John Slade commented we were pleased to get the instruction from the Council and no sooner had we gone to the market interest was brisk and even with the Christmas break in between we had all the units under offer by mid February which illustrates the pent up demand for units currently.
The lease has now been completed on the largest unit to Livemoor a local arts and crafts supplies company who needed to relocate from their existing premises at Estover due to their rapidly expanding business.
Further announcements are expected shortly following the imminent completion of the leases on the remaining units.
John Slade further comments, “these units are proof that the market for industrial/warehouse premises is currently under supplied. Interest was such that we could have let these units many times with numerous enquiries left unsatisfied.
The quality of the space is second to none in the area and rentals have moved forward in the past 12 – 18 months making it once again viable to build and let for investors/developers. The problem we have now is a lack of land in Plymouth upon which to build more units to satisfy the demand.