Continued strong demand for industrial space in Bristol has been highlighted by a series of three successful lettings at Beeches Industrial Estate in Yate.
Colliers and JLL, the joint marketing agents on Beeches, which is owned by DTZ Investors, are also reporting strong interest in another recently refurbished unit on the estate, which is now ready for occupation.
Unit 55, which extends to 2,128 sq ft, has been let to business solutions provider Collaboration Works on a five-year lease. The new tenant took occupation immediately following vacation of the former occupier.
Units 27-28, comprising 14,537 sq ft of extensively refurbished space, have been let to specialist coachbuilding company W.H. Bence Coachworks on a five-year lease.
Unit 50, which extends to 6,552 sq ft, is a brand-new unit and has been let to Gem UK Transport Limited on a 10-year term.
The latest space to be brought to the market at the Yate industrial estate is Units 7-8, which extends to 14,005 sq ft, and is ready for immediate occupation for a term to be agreed.
One of the last vacant units on the estate, it has already been extensively refurbished, and includes a new roof and LED lighting throughout, as well as benefitting from the potential to create a large secure yard to the rear of the property.
Tom Watkins, Director in the Industrial & Logistics team at Colliers, said: “Beeches Industrial Estate is a high-quality estate, which benefits from good access to Bristol city centre and the M4 and M5 motorways.
“The fundamentals of the Yate market remain incredibly strong and the estate consistently attracts keen demand for space. This has been highlighted by the rapid lettings of Units 27-28, 50 and 55 over the past few months.
Henry De Teissier, Associate at JLL added: “The estate provides a wide variety of unit sizes and appeals to a broad range of occupiers. It’s great to welcome three new tenants in quick succession.’’
Natalie Latour, Associate Director at DTZ Investors said; “We acquired the estate in 2015 and it continues to perform well as an asset within our portfolio. We are really pleased to have secured these three lettings despite ongoing uncertainty around the pandemic and various lockdown restrictions.”