Summerfield Commercial has completed the acquisition of Units 5-8 Curlew Trade Park, a multi-let trade counter estate in Truro.
Located 3 miles to the west of Truro’s city centre and Cornwall’s capital, the freehold estate comprises four units totalling approximately 17,500 sq ft. The units are currently all let, the majority of which are to national occupiers including Euro Car Parts and Johnsons Workwear.
Threemilestone Industrial Estate is one of Truro’s most prominent and established estates which benefits from direct access to the A390 connecting to the A30. The estate is located in close proximity to Truro Railway Station and Newquay Airport.
Will Grant, Portfolio Manager at Summerfield Commercial, commented: “This prominent and well-presented multi-let asset is a great addition to the Summerfield portfolio, providing a spread of resilient income with good rental growth prospects.”
Summerfield Commercial was advised on the acquisition by Tom Smith, Partner at Miller Commercial, who commented: “In a market characterised by limited supply coupled with robust demand, this purchase provides Summerfield with some secure long term income with growth in a strategically important part of Truro that will experience significant further investment and development in the years ahead.”
Summerfield holds a diverse portfolio of investment properties across all sectors within the South West and are actively seeking new investment opportunities.