A new niche commercial agent is set to launch in Newton Abbot.
Charles Darrow will specialise in commercial property and aims to tap into the growing demand to buy and rent businesses and commercial property in the south west.
Joint directors Paul Heather and Jon Clyne have almost 30 years combined experience as commercial property agents, having previously worked in the south west, for a leading national commercial property agent.
Charles Darrow will focus on selling a vast range of businesses and commercial property, including pubs, restaurants, hotels, post offices, petrol stations, pharmacies, dental practices and retail outlets as well as offices, warehouses, industrial and investment properties.
The company launch follows news this week that business loans to small and medium-sized companies has increased and Mark Carney, governor of the Bank of England, has redoubled efforts to boost business lending by making it the sole beneficiary of the Funding for Lending Scheme, which allows lenders to borrow at rock-bottom rates in exchange for providing loans. Previously, the scheme applied to all loans. Meanwhile, mortgage approvals continued to rise, hitting a new five-year high of 70,759 in November.
Clyne said: “We are delighted to be launching Charles Darrow at a time when business and property owner’s can start to look forward again.
“We believe our expertise in dealing with a broad range of business and commercial property will help our clients to secure a beneficial sale or letting.
“We are confident we can offer a top class service and a completely open and honest approach to buying, letting and selling property.
The company, which will cover the whole of the south west, has been quietly testing the market prior to launch and has already snapped up a number of clients.
Heather, who has more than 16 years experience in selling property, added: “The reaction from businesses and commercial landlords has been really encouraging already and we are looking forward to getting started. We have opened a fantastic office in Newton Abbot, and we are very much open for business. ”