Property consultants Alder King, acting on behalf of Stuart Properties, have pre-sold two industrial units totalling 12,000 sq ft at Exeter’s Hill Barton Business Park.
The units, part of an 18,000 sq ft speculative freehold development, are under construction and due for completion before the end of the year. They have been acquired for an undisclosed sum by two companies currently based at Marsh Barton Trading Estate looking to expand their storage and distribution capacity.
Red Hot Products, leading distributors of professional haircare products in the UK and Ireland, has doubled its accommodation after acquiring an 8,000 sq ft unit. Fix 247, which supplies quality products to professional tradesmen, has also doubled its capacity after agreeing terms for 6,000 sq ft of accommodation.
The freehold of the remaining 4,000 sq ft unit is available for sale through Alder King’s Exeter office.
As a result of this early success, Stuart Properties has committed to a further speculative industrial development at Hill Barton of 20,000 sq ft. This leasehold scheme will provide high quality units ranging from 4,000 to 20,000 sq ft.
Troy Stuart of Stuart Properties commented: “We’ve worked very hard to deliver what occupiers want. I’m confident that the quality of the buildings will ensure we see all the units occupied very quickly.”
Lee Southan of Alder King’s Exeter office said: “Demand for new-build small industrial units has risen sharply this year, with many units being snapped up before construction work has completed. With 4,000 sq ft left in the freehold scheme and a leasehold scheme to follow, Hill Barton provides excellent opportunities for businesses looking to expand.”
Alder King is the appointed marketing agent for the development at Hill Barton, which provides 20 acres of new employment land and where design and build opportunities are immediately available for trade, distribution and industrial buildings. The Business Park occupies a strategic location off the A3052 that links Exeter to Sidmouth and is approximately 2 miles to the east of Junction 30 of the M5 Motorway.
As well as the smaller speculative developments, new industrial and distribution properties are available on a leasehold basis, and bespoke designs can be tailored for requirements from 10,000 – 100,000 sq ft (929 – 9,290 sq m).
