Trading estate proves popular

August 30, 2011

A refurbished Avonmouth trading estate has gone from half empty six months ago to almost full with five empty units now let. Just 10 per cent of St Andrews Trading Estate off Third Way now remains vacant, according to Knight Frank, which markets the estate jointly with Jones Lang LaSalle.

Unit 1, totalling 16,703 sq ft, has been let to Contemporary Oak Furniture on a 10-year lease. Units 14, 15 and 16, totalling 22,986 sq ft, have been let to Elliot Baxter on a 10-year lease, and the 7,767 sq ft Unit 17 has been let to Napit Training South West on a straight 10-year lease.

Knight Frank's Nick Thurston said: “Commercial Estates Group has invested in a refurbishment programme that has proved attractive to a number of companies looking for new premises in the area. St Andrews has been one of the top three best-performing estates in the Avonmouth area for lettings in recent months.”

Meanwhile St Philips Central Industrial Park in Albert Road, Bristol, is now fully occupied following the letting of the 6,727 sq ft Unit 4.

Acting jointly with Jones Lang LaSalle on behalf of landlord CBRE Investors, Knight Frank has let the unit to Creative Glass Guild, which is moving from Whitehouse Street, on a seven-year lease, at £6 per sq ft.

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