Tags Posts tagged with "Stratton Creber Commercial"

Stratton Creber Commercial

57

Acting on behalf of the owners of Units 9 & 10 International House at Battle Road on the Heathfield Industrial Estate in Newton Abbot, joint agents Stratton Creber Commercial and Noon Roberts report significant early interest following recent completion of the refurbishment works after the expiry of the previous lease on the premises.

The buildings total some 16,774 sq ft and 28,643 sq ft respectively and Andrew Hosking of Stratton Creber Commercial confirms: “both ourselves and Tony Noon have undertaken a number of viewings since the works were completed in early May and applicant feedback has been very encouraging with the parties being particularly impressed with the high quality of the refurbishment which has been undertaken.”

Unit 9 has already been placed under offer and the competitive asking price for Unit 10, the quality of space on offer and the high level of car parking are all ensuring a good level of enquiries from industrial and warehouse occupiers wanting to capitalise on the excellent location of International House, being adjacent to the A38 Devon Expressway. Unit 10 is available to buy at £895,000 and further information can be obtained from the joint sole agents, Andrew Hosking at Stratton Creber Commercial.

163

Stratton Creber Commercial, having been initially instructed by Devon Camera Centre to sell prime retail premises at 14 Waterbeer St with Vacant possession were then retained by the buyer to market and look for new tenants and have successfully secured the letting of both the ground and first floors within weeks of the new ownership.

The ground floor lock up shop comprising a sales area of 635 sq ft (61 sq m) has been let to Flavour Vapour UK which marks the first designated electronic cigarette company to take occupation in the prime retail centre of the city.

The first floor comprising 820 sq ft (76 sq m) has additionally been let to well-established Verve Hairdressing Salon who are relocating from their existing salon on Lower North Street after strong expansion in recent years. A change of use was sought for A1 (retail) consent from D1 (medical) as the premises was previously occupied by a Ben Pearson Dentists who relocated to new freehold premises in Queen St.

Zach Maiden from Stratton Creber Commercial commented ‘Flavour Vapour had been looking at a number of sites in Exeter and were excited by the prospect of the new redevelopment of the Guildhall on the doorstep of Waterbeer Street. Exeter will bring their number of units Nationwide to 21 and they are looking to expand further.

The retail market in Exeter is still showing strong demand from all types of occupiers and Stratton Creber Commercial expect the recent optimism to continue. If you would like to discuss your retail requirements please contact Zach Maiden in the Exeter office.

244

A couple of years ago there seemed to be a “To Let” board on the majority of office buildings at Pynes Hill, but times are changing.

Recent take-up, combined with the deals which are currently going through, mean that there will shortly be almost no empty office space on Exeter’s main office park. Surveying firm Stratton Creber Commercial reports that it has five offices under offer at present with a combined area of 9,000 square feet, while only two further offices on the estate remain available via Stratton Creber Commercial.

This follows the recent letting of 2,107 square feet at Aspen House on behalf of Hunter Stoves, following their purchase of larger premises at Exeter Business Park. Terms for the assignment of their lease, at a passing rent of £25,500 per annum, were agreed in just six weeks from the property coming to the market.

The trend of declining office availability is mirrored elsewhere in the region and nationally, with the RICS Quarterly Market Survey showing that office availability across the UK is down by around 50% from a year ago, fuelled by rising levels of demand. The result has been a hardening of lease terms and rising rents, a trend which began in the South East but is now becoming apparent in the South West as tenants find that the available options are greatly reduced.

Jonathan Ling, of Stratton Creber Commercial, comments: “Many firms seeking to relocate in the Exeter area are very surprised at the small number of available options, whether they wish to rent or to buy. As a result, tenants can no longer expect the favourable terms, such as flexible lease terms and extensive financial inducements, which were being offered some years ago. I advise anyone who is planning to relocate their business to think ahead and start their office search well in advance of their proposed relocation date.”

164

Four office units in a business centre in Mid Devon have been let in quick succession by Stratton Creber Commercial.

Swallow Court is an established and successful cluster of barn conversions adjacent to Junction 27 of the M5 (Devonshire Gate), and units rarely come to the market. When one of the tenants at Swallow Court decided to release some of their space there, they appointed Stratton Creber Commercial to market the surplus units on their behalf. Three deals in quick succession have already released them from a total of four units, greatly reducing their outstanding liabilities.

Fostering Foundation, Addaction and Bedford Surveyors all took occupation during April, taking between them around 2,774 square feet. They join existing tenants including Protection Vessels International, Xeiad and RMA Environmental. Stratton Creber Commercial are now marketing three further units, offering from 837 square feet. All three units are in character barn conversions and offer a pleasant working environment as well as the convenience of being next to a motorway junction with good parking and easy walking distance from Tiverton Parkway station.

All units were let by way of new leases off asking rents of £12.50 per square foot (inclusive of parking).

141

Stratton Creber Commercial’s Exeter office is pleased to announce the letting of 9 Gandy Street to Sobeys vintage clothing.

The property, formerly occupied by Clayhanger and more recently Coco Boutique, is within the heart of the town centre in Gandy Street which is an established retail location for both independent and multiple retailers including Bang & Olufsen, JoJo Maman Bebe, Seasalt, Moko, Howies and Bill’s restaurant.

Sobeys are also situated on Park Street in Bristol and have been looking for representation in Exeter for some time.

Sobeys specialise in the sale of vintage and re-worked clothing and their Managing Director, Andrew Evans advised their aim is to bring a fantastic quality vintage product at friendly prices priding themselves in keeping up with the latest fashion trends as well as continuously developing their in-house brand, Nancy’s Boutique.

Sobeys doors of their Exeter unit will open in April.

Damian Cook of the letting agents, Stratton Creber Commercial advised there was strong demand for the premises with several occupiers trying to secure the premises, which is a clear indication of the improved market conditions in Exeter and the retail market in general.

420

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.

317

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.”

54

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.

42

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.

59

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.