Having sold an industrial unit at Matford Park in Exeter, we were instructed by the purchaser to find a tenant. Following the first viewing, we agreed terms at the asking rent of £21,000 with a growing local company.
Unit 3, Knowle Units on Silverton Road is a mid-terrace unit built in 2003, comprising 2,472 sq ft on the ground floor plus a small storage mezzanine. Demand for similar units, both to buy and to rent, is extremely strong, as demonstrated by the fact that this unit was firstly sold and subsequently let, both times on the first day of marketing.
Christie Stapleton from Glam Wax, a home fragrance and self-care brand, who hand manufacture candles, bubble bath, wax melts and reed diffusers and who are the new tenants of Unit 3, Knowle Units comments: “We are experiencing huge growth within 18 months of operating moving in to a 3,000 sq ft warehouse, hit 31,000 instagram followers and are in discussions with some exciting stockists.”