A £500,000 investment in the Moy Road Industrial Estate at Taffs Well, near Cardiff, by Rombourne Group has led to a surge of new occupiers in the past few months. The estate is now almost fully let with almost 80 per cent of workshop offices and self-storage accommodation occupied within the first 12 months of completing the development.
Rombourne is a Cardiff-based specialist provider of serviced business accommodation across Cardiff, Newport, Bristol and Swindon. The Group recently completed £100,000 capital investment in the Moy Road Industrial Estate, including investing in a new car park for the front of the estate and new cladding for the industrial units fronting Moy Road. Last year Rombourne invested a further £400,000 in the full refurbishment of a 16,000 sq ft building on site to create a new office and workshop business centre.
Knight Frank and DLP Surveyors have been jointly appointed as the commercial property agents at Moy Road.
The investment has resulted in a series of new lettings which have included the 15,000 sq ft Unit 15c. This has been let on a 10 year lease to Lanes of Abergavenny, an established South Wales family-run vehicle recovery specialist that undertakes work across the breadth of the UK.
In addition, an agreement has also been concluded for the 10,000 sq.ft. Unit 15a. This is for a new 10 year lease with Mon Motors Limited, a £300m new car sales business with franchises including Audi, VW, Skoda, SEAT and Ford in various branches across South Wales and the South West.
Steve Myers, estates manager for Rombourne, said: “The unit will be occupied by Mon Motors’ Trade Parts Specialist division. We are currently in the process of building 1,800 sq ft of bespoke offices for the tenant, which is a further capital investment by us to secure this tenant.”
Neil Francis, who heads the Industrial Agency team at Knight Frank, Cardiff said: “There is strong demand for small business premises for growing Welsh businesses and Rombourne’s investment in Moy Road has created flexible, affordable accommodation that is significantly helping to boost the local economy.”
Michael Bruce of joint agents DLP Surveyors, added: “The business centre comprises over 16,000 sq ft spread across 2 floors, primarily providing a series of high quality office suites within a secure managed environment close to the proposed new Cardiff Metro transport hub. Each fully furnished office suite is available on a flexible occupancy basis at an ‘all-inclusive’ rate from as little as £50 per week for a two-person office.”