Acting on behalf of a private clients Pension Fund, Monk & Partners have agreed a lease renewal with Wolseley UK Ltd on units 2 and 3 Libby Court Tamar View Industrial and Trade Park, Saltash totalling circa 1500 sq ft.
Director, John Slade commented…..”Having originally let the property to Plumb Center (now Wolseley UK Ltd) 20 years ago when the units were first developed, we have been delighted to continue a relationship with our landlord client through every 5 year review and through to lease renewal.
We originally acquired the land for the client and subsequently let all 5 units in the terrace when they were first built. We have seen the rents grow over that time reaching £9.25/sq ft on this latest transaction.
Tamar View is in itself a well established and popular trade counter and retail location at Saltash just of the A38 Carkeel Junction with a range of national occupiers located here including Waitrose, B & M, GSF and Euro Car Parts distributors, Screwfix, Topps Tiles, Howdens Joinery, Certini Cycles and Roger Young Landrover to name a few. We have been involved in letting to or acquiring units for a number of these occupiers listed also.