Thornbury industrial properties are attracting increasing interest as prospective tenants look beyond the overheated markets of Bristol and Yate, according to sector specialist Colliers International.
The Industrial & Logistics team at the Bristol office of Colliers International and BNP Paribas recently let Unit 14 at Hemingway Business Centre, Thornbury, to air compressor suppliers; Thorite, and Unit 30 at Thornbury Industrial Estate, to artisan spirits manufacturer Bramley and Gage.
Tom Watkins, senior surveyor, said: “As the Bristol and Yate industrial markets become tighter because of shortage of stock, potential occupiers are looking further afield and Thornbury is gaining popularity as an affordable and accessible option.
“Industrial units at Aztec West in Bristol would typically attract £9.00 per sq ft, while just further north in Thornbury rents are between £6.00 and £7.00 per sq ft and yet they are still well-placed for access to the A38 and M5, and within convenient reach of the M4.”
Colliers International and BNP Paribas Real Estate, are currently marketing Units 22-27 Cooper Road, which is undergoing extensive refurbishment to offer a self-contained modern unit, which upon completion will comprise a total of 20,708 sq ft and have the potential to create a large secure yard.
Practical completion is expected by early summer, and will include steel portal frame construction with a minimum eaves of approximately 6m, three full height electrically-operated roller shutter doors, and ample car parking.
Tom Watkins said: “This premises is just 15 miles from Bristol city centre, and only five miles from the M4 and M5 motorways, and has the potential to be split into two units.
“With its accessible location and flexible floorspace it is suitable for a range of uses, including a showroom or a trade counter.
“We are expecting interest from a variety of potential end users, particularly given the recent increase in industrial transactions in Thornbury.”