Tags Posts tagged with "Stratton Creber Commercial"

Stratton Creber Commercial

144

Exeter’s historic and bustling quayside is set to see further regeneration, across the road from the Clip and Climb Centre at the head of the Canal Basin is 60 Haven Road; Agents Vickery Holman are pleased to announce that the property is under offer to local private property company EIC Ltd, who will be offering potential occupiers a unique chance to be part of this exciting re-development project.

The building itself is Grade II listed, with original use in the Nineteenth Century as a riverside warehouse, and later at the end of the Twentieth Century, as the Maritime Museum; Stakeholders Exeter Canal & Quay Trust are now keen to see EIC offer the building for a variety of uses and identify tenants who will further enhance the Quay, whilst safeguarding the future of the building.

The Canal has seen a raft of investment and regeneration from the leisure sector in recent years with the arrival of the largest Climbing Centre south of Bristol, Clip & Climb; The recently re-established Watersports Centre and the new restaurant offering from the Smoke & Ale House. Exeter’s Quay is brimming with tourist attractions amongst an attractive residential area and 60 Haven Road is just next door to AS Watersports. EIC have played a fundamental role in enhancing the area, having worked hard over 20 years to establish the now popular Piazza Terricina area into a thriving leisure destination.

Exeter Agent Clare Cochrane stated: “it is fantastic that we have managed to agree terms with EIC, who appreciate the importance of this area to Exeter and are passionate about ensuring the new occupiers use is in keeping with the established character of the Quay.

Their involvement gives occupiers a unique opportunity to rent commercial accommodation within a heritage waterside building and we are expecting a lot of interest from tenants and businesses with a diverse range of uses”.

The building extends to nearly 10,000 Sq Ft, although the floor plates are flexible and requirements may be catered for from approx 5,000 – 10,000 sq ft. EIC have appointed Vickery Holman and Stratton Creber Commercial to identify new tenants.

270

Developers of a new £3.6m business park on the outskirts of Newquay in Cornwall are celebrating after all six units were snapped up prior to the business park’s completion.  The scheme,  which was part-funded by the ERDF Convergence Programme, is an excellent example of a private and public partnership to develop quality business workspace.

Since commencing work in late 2013, Quintrell Downs Business Park attracted strong interest due to the lack of available high quality workspace in the Newquay area.  This first phase of development created a new, fully serviced and accessed business park featuring six high quality employment units and a further three acres of development land.

Property consultants Alder King and Stratton Creber Commercial have now sold or let all six units to a range of successful indigenous and national occupiers, creating new employment and making a second phase of speculative development increasingly likely, subject to the availability of grant funding.

New occupiers in the four unit terrace include Cyberstein Robots Ltd which has purchased a long leasehold interest in Unit 2a.  The company behind the cult character Titan the Robot has relocated from its previous base at Treloggan Industrial Estate in Newquay to secure larger and more energy-efficient premises.

Residential developer Legacy Properties has purchased the long leasehold interest of Unit 2b for its Cornish headquarters and to provide some storage capacity.

Roche-based Celtic Tuning, which specialises in vehicle management software and operates nationwide, has acquired the long leasehold interest in Unit 3a, with the option to purchase the 4,508 sq ft semi-detached unit at a later date.  The new unit will become the company’s new headquarters.

Another business has purchased a 4,500 sq ft facility and has already started significant fit out works to transform the space into an IT centre, creating a significant number of new jobs.

Tom Duncan, head of agency at Alder King’s Truro office, said: “Fortdown’s development was one of the first speculative schemes in Cornwall for several years and the successful disposal of all six units demonstrates that Cornwall businesses will move quickly to secure quality new space when it is immediately available and ready to move into.

“We anticipate that when the next stream of ERDF grant funding becomes available in the summer of 2015, we’ll see further speculative development get underway to give expansion opportunities to more of Cornwall’s most flourishing businesses.”

It is hoped that over the next few years and with further phases of commercial development likely (subject to grant funding) that a large number of 100 jobs could be created and supported as a result of this development.

The units, which range in size from 1,830 to 4,500 sq ft, are all highly sustainable and been built to BREEAM Excellent standards. The developers Fortdown Developments Ltd have future-proofed the units by installing roof mounted Solar PV, highly efficient heating systems, high levels of insulation and other environmentally friendly technologies which together will result in lower energy costs for occupiers.

John Richards from Fortdown Developments said: “Everyone at Fortdown Developments is delighted that the workspace has been so popular and that they will be occupied by a varied set of local and national businesses – all of whom are growing businesses who plan to create new, well paid jobs over the coming months and years. The location, quality and specification of these premises demonstrate the need for quality workspace in the Newquay area.”

Fortdown Developments Ltd plans to develop the remaining three acres of land on the business park for further commercial development. However, it will also consider disposing of individual development plots or larger parcels of land should that be of interest.  Richards continued: “Thanks to the amazing response to the first phase of this development we encourage anyone looking to expand to consider Quintrell Downs Business Park as their first choice for relocation or expansion.”

Chris Pomfret, Chair of the LEP and Deputy Chair of the Convergence Local Management Committee, which steers the Convergence Programme said: “As we move towards the next European Programme, it is important to remember that Convergence investments are still delivering great results across the region. Quintrell Downs Business Park is an excellent example of a private and public partnership to develop workspace to fulfill business needs in the area.”

The units use a range of high performance materials, including timber cladding (from a sustainable source) and incorporate flexible office space that can be extended horizontally and vertically to suit the end users’ specific requirements. Externally, the units include car parking spaces which are complemented by cycle storage and recycling facilities for the future occupiers’ use.

Robert McGuffie of RJM Property & Development Consultants Ltd has been working with Fortdown throughout the project and said: “We have been delighted with the response received to this speculative project and it can be used as a great example of providing the right flexible space for businesses looking to expand and locate in the area. Whilst these units are now occupied, further opportunities will be available on the remaining development land and interested parties should contact myself, Fortdown Developments Ltd or their agents Alder King and Stratton Creber.”

30

A new office development near Exeter will soon be ready to welcome its first tenants.

The office building, prominently situated at the entrance to Woodbury Business Park, to the south-east of Exeter, has now taken shape and is due for completion by the end of the year. Two tenants have already signed up to take 75% of the building, and the remaining space comprises half of the ground floor.

The 1,405 square foot suite has outstanding views across the East Devon countryside and will be fitted out with all the attributes of a modern office including air conditioning, suspended ceilings with recessed lighting and three-compartment perimeter trunking. The suite has its own front door and is also accessed from a lobby off which are WC and kitchen facilities adjacent to the suite.

The joint marketing agents, Alder King and Stratton Creber Commercial, will be pleased to discuss the asking terms with interested parties, and viewings are possible now that the suites are nearing completion.

23

One of Exeter’s best-known commercial property firms has recently moved to new offices in the City’s Southernhay office district.

As well as their new office, at 20 Southernhay West in Exeter, Stratton Creber Commercial has offices in Plymouth and Truro, and advises on a wide range of commercial property matters including sales and lettings, valuations, business rates appeals and property management.

Damian Cook, Director at Stratton Creber Commercial, states: “It’s a little bit like ‘back to the future’ as we moved from number 20 some seven years ago but with the continued growth of our business we have moved into two floors of office accommodation, and having undergone a major refurbishment we have created a modern working environment within one of the most attractive Georgian buildings in Southernhay”.

Stratton Creber Commercial recently won the Estates Gazette award for the most active agents in Devon and their expansion further demonstrates that the property market in Exeter and the surrounds continues to remain strong in both the residential and commercial sectors.

39

Construction of GB House & Son’s new commercial development at Woodbury Business Park, near Exeter, is nearing completion.  The scheme, marketed by property consultants Alder King and Stratton Creber Commercial, will deliver over 20,000 sq ft of new build office and industrial premises, complementing the existing 21 business units already on the site.

Pre lets have already been agreed on the office building.  The last remaining ground floor office suite provides 1,600 sq ft (148 sq m) of modern and well-appointed accommodation with plenty of natural light and rural views across Woodbury countryside.

The industrial/distribution premises are available ranging from 800 sq ft (74.32 sq m) – 8,000 sq ft (744.87 sq m).  Constructed to a high standard these units will be suitable for a range of uses and are available on new leases.

Lee Southan from Alder King’s Exeter office comments:  “These new high quality buildings will be completed before the end of the year and have generated a high level of interest.  The location is well-established and picturesque and conveniently located a short distance from J30 of the M5.”

Existing occupiers at the business park include Ocean Physio & Rehab, Marlow & Co Accountants, Thumbprint Tuning, House-It Selfstore and Oakloft Furniture.

31

Stratton Creber Commercial is pleased to announce that they have been awarded the Estates Gazette award for Most Active Agent in Devon 2014, this is the fifth year in a row they have won the prestigious accolade.

Researchers from the Estate Gazette collate all the property transactions in the retail, office and industrial sectors throughout Devon submitted by all the main commercial agents on an annual basis.

Stratton Creber Commercial provides a full range of services throughout the Westcountry with offices in Exeter, Plymouth and Truro who also claimed third place in the Cornwall property deals competition.

Damian Cook, Director in the Exeter office, says ‘winning the most active agents award despite strong competition is a result of a good team working hard and well together in what has been testing times over the past few years.

We are an independent firm with strong local roots offering a straightforward , personal and honest approach to meeting the needs of our clients , including investors, developers, occupiers and lenders.

We are proud to act for a diverse range of clients, both private and corporate, bringing sound and accurate property advice to every job, large or small.

There has been increased market confidence over the past 12 months and we have experienced more activity throughout the retail and business space departments which has been helped with the support of the banks lending.

Having the three offices in the South West places us in an excellent position to offer clients a wide range of experience in all sectors throughout the region.

Our valuation, professional and management departments continue to go from strength to strength with experienced and qualified surveyors joining the firm to ensure we offer the best service to all our clients.

Hopefully market conditions will continue to improve and our team at Stratton Creber Commercial will be working hard to retain their well-deserved status as Devon’s leading agent and win next years’ Estates Gazette award”.

33

A former pub on the outskirts of Exeter has been let to a nursery operator by Stratton Creber Commercial.

The Hungry Fox was, until 2011, a destination pub near Broadclyst, on the east side of Exeter. It was purchased by the owners of Old Broadclyst Station, a cluster of offices adjacent to the pub, and consent was obtained for redevelopment and extension to form a 3,850 sq ft office.  Despite the uncertainties in the office market at the time, the purchasers pressed ahead with the development, which was to have completed in early 2014.

The marketing agents, Stratton Creber Commercial, considered non-office uses for the site and targeted local nursery operators, given the ample external space available and the site’s proximity to the new town of Cranbrook and to Skypark. Midway through the build programme, a nursery operator was identified and terms were agreed for a new lease off an asking rent of £50,000 per annum.  The deal involved the landlord halting and then amending the build programme to accommodate the needs of the nursery operator.

Planning has been obtained, the lease has completed and the business plans to open by the summer holidays after completion of fit-out works.

29

Stratton Creber Commercial have just completed two more deals in the prime Southernhay office district in Exeter, at a time when availability is dropping to the lowest level for many years.

The ground floor of 33 Southernhay East is a suite of 470 square foot which has just been let to a new estate agency firm, Leworthy & Co, off an asking rent of £6,500 per annum. Other occupiers in the building include Cathedral Appointments and design agency Believe In.

The first floor of 6 Southernhay West is a 564 square foot office which has been let to Burwell Deakins, a London-based firm of architects.

The fact that both deals are to property-related firms is no coincidence, as Southernhay is rediscovering its role as the location of choice for firms involved in the higher end of the residential market.  Naomi J Ryan, Clear Property and property finance firm Charterbank have all relocated in Southernhay in recent months, and estate agents are once more showing strong interest in offices in the street, as shown by the fact that five estate agents viewed 33 Southernhay West when it first came to the market.

Along with another deal in respect of a first floor suite which is still under offer, these deals now mean that there is almost no availability in Southernhay on either ground or first floors, which tend to be the most popular floors. The last remaining first floor suite is at 34-35 Southernhay East.

29

Acting on behalf of a medical consortium, Stratton Creber Commercial have acquired offices at Exeter’s Matford Park.

Last summer Stratton Creber Commercial were asked to identify prominent and modern freehold office premises for conversion to an innovative eye clinic. After a thorough appraisal of the options available, both on the market and off market, Glen House at Matford Park was identified as the best option. The firm worked closely with our client and their various advisors in respect of the proposed medical fit-out and other issues, negotiated terms for the purchase and obtained planning consent for our client for change of use from offices to medical. The purchase has now completed and the fit-out has commenced.

The semi-detached unit, totalling around 3,600 sq ft, offers the modern appearance, prominent and accessible location and parking provisions which the clinic requires. Jonathan Ling, of Stratton Creber Commercial’s Exeter office, who fronted the acquisition and the planning process, comments: “The unusual requirements and very specific fit-out involved in this acquisition posed challenges but I am delighted that everything fell into place. Quality freehold offices remain in critically short supply and anyone looking to buy offices would be well advised to bring a surveyor on board in the search and negotiation processes.  Where the deal is subject to planning consents, it is even more critical to seek advice.”

29

Acting on behalf of the freeholder of the former Nightfreight depot on the Dawlish Business Park to the rear of the Shutterton Industrial Estate, the Exeter office of Stratton Creber Commercial has just sold the site and premises to one of the adjacent occupiers, C K Commercials Limited.

Andrew Hosking, Director in the Exeter office who handled the sale adds: “due to certain structural defects within the property, the asking price for the 15,600 sq ft warehouse on a 1.5 acre site was set to reflect the inherent value of the site rather than the building.  This ensured significant interest, mainly from parties already nearby, with 6 offers being received.”

The premises were sold off at an asking price of £275,000.