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Double letting secured in Newton Abbot

By May 1, 2020January 26th, 2021Member News & Updates, Property

Acting on behalf of the landlord, Studio Holdings Ltd, Stratton Creber Commercial’s Exeter office have confirmed the letting of two industrial units at Forde Road on the popular Brunel Road Industrial Estate in Newton Abbot.

Comprising refurbished business units with ground and first floors totalling 2,823 sq ft and 3,332 sq ft respectively, Units 1 and 2 Riverside Works have been let on 6 year leases to Forgeway and Grunfeld Fluid Dynamics at initial annual rentals of £14,000 and £16,000 per annum respectively.

Andrew Hosking, Director at Stratton Creber Commercial, comments: ” Significant interest was generated in these two units and, such is the strength of the market for warehouse space at present, that we currently have no similar properties on the market within the Teignbridge area.”