Acting on behalf of the Masters Golf Company, property consultants Alder King have let two out of three high specification distribution units at Red Lodge Business Park in Weston-super-Mare at the high quoting rent of £6.25 per sq ft.
The units, which were occupied by Masters Golf until its relocation to larger premises in Portishead, combine modern ground floor warehouse accommodation with first floor office space immediately adjacent to Junction 21 of the M5.
With supply of good quality industrial accommodation at an 11 year low, it wasn’t surprising that the units attracted such considerable interest, said Emma Smith, senior surveyor in Alder King’s industrial agency team.
“The rent achieved demonstrates the demand for high specification units like these. We’ve got two out of the three units away quickly and are confident the third will follow shortly,” she said.
The end of terrace Unit 5 has been let to UK Storage Company on a 25 year lease. The company, which operates a network of self-storage facilities across the South West, has taken the 11,716 sq ft unit to provide a high quality storage environment equidistant between its Bristol and Bridgwater depots.
The mid-terrace Unit 4, which provides 11,463 sq ft of space, is under offer and due to complete imminently.
The last available Unit 3 provides 11,455 sq ft of warehouse and office space.