The final vacant industrial unit in the Lewis Court industrial development in Portmanmoor Road, Cardiff has been let – less than a year after joint owners Roger and Karen Lewis invested £500,000 in the refurbishment of the site.
Managed print and document services specialist Danwood Group Ltd has taken a five year lease on the 1,905 sq ft Unit 4 in the Lewis Court building at an annual rental of £11,250.
Local couple Roger and Karen Lewis acquired the 26,000 sq ft industrial building and converted into seven separate industrial units at Lewis Court, including demolition of part, providing new roofs, landscaping, and resurfaced yards and roads. They were advised in the marketing of the completed units by Cardiff property agents Knight Frank and Jenkins Best.
Elliot Evans, from Knight Frank’s industrial team in the city, said: “Lewis Court has been a great success story – just reward for Roger and Karen’s vision and determination.”
Henry Best of Jenkins Best added: “This project illustrates how well-executed refurbishment and reconfiguration can result in attracting high quality occupiers and tenants.”
Portmanmoor Road lies on the eastern side of Ocean Park two miles south east of Cardiff City Centre with a number of high-profile distribution, industrial, and trade occupiers in the vicinity.
Within weeks of the Lewis Court refurbishment being completed companies began coming forward to rent or buy the units. The 5,200 sq ft Unit 2 was let to SWSS (South Wales Saab Services) on a 5 year lease, and Unit 3 was sold to Amser Building Services Limited for £138,000.
Unit 5 was also sold, while Unit 6 has been leased to Advanced Esthetics Solutions Limited on a five year lease. Units 7 and 8 have been leased to Specialist Cars UK on a five year lease.