08 July 2014

Torbay businesses eye bespoke new premises

Exciting opportunity for Torbay businesses to expand into bespoke new premises

Businesses in Torbay have the chance to custom-design a new production base or warehouse facility as work progresses at a multi-million pound expansion of the area's leading business park to provide much-needed new industrial units for local companies.

Construction work is already well underway on the £2.3m first stage of the planned expansion at Torbay Business Park off Long Road at White Rock in Paignton with The Midas Group, one of the largest independent construction companies in the South West, carrying out the contract for developers Abacus Projects Ltd and Deeley Freed Estates.

The first two industrial units being created on a 20-acre site - one of 20,000 sq ft and one of 15,000 sq ft - are almost complete, and Midas Commercial Developments Limited (MCDL), a division of The Midas Group, is preparing to start work on an additional range of light industrial and warehouse units, ranging in size from 3,000 sq ft to 35,000 sq ft, or larger if required, on the adjacent 17-acres.

The Midas team is looking to talk to businesses interested in pre-letting or buying a unit so they can be built specifically to order.

Steve Russell, director of Midas Commercial Developments Ltd, said: "The first two buildings are progressing well and the larger unit is in the process of being sold, while the 15,000 sq ft unit is available to be let or sold as either one large unit, or sub divided into three smaller 5,000 sq ft units. Both should be complete by early summer.

"Construction work on the remaining 17 acres will start next, and we have an initial plan to create units from 3,000 sq ft upwards, to a potential maximum of 80,000 sq ft if there was a demand for a unit that big.

"This is a site with great flexibility, and offers local businesses a fantastic opportunity to work with us now to enable a bespoke industrial unit to be created to a specific size to suit a company's individual needs. This would be ideal for a company looking for a new manufacturing space, warehouse facility, distribution unit or storage space, and we'd be keen to talk to anyone interested in finding out more."

The units are being marketed by joint agents Alder King and JLL.
Noel Stevens, partner at Alder King, said: "The expansion of Torbay Business Park is a very welcome development for the area offering essential new industrial and warehouse space for local businesses at a great location.

"We're looking for businesses interested in buying or letting a space, on either a freehold or leasehold basis for industrial premises, especially businesses looking for very high quality, clean, modern units with great longevity which could be designed to their specific requirements.

"They would be perfect for a business carrying out manufacturing or production for example, which needs a very clean and modern environment, or a growing company looking for a high quality new unit to best represent its image.

"Torbay Business Park is a fantastic space very well sited next to South Devon College and with
excellent public transport links, a good labour pool in the immediate Paignton and Torquay areas, and the potential to support a growing company to expand."

The new development at Torbay Business Park is part of an overall £100million regeneration of the area being led by developers Abacus Projects Ltd and Deeley Freed Estates to create new homes, shops and offices.

The plans are being supported by Torbay Council and by the Torbay Development Agency (TDA) to boost the economic growth of the Torbay area, support the creation of new jobs, and encourage more people to live and work in the region.

Building work at Torbay Business Park is being carried out by Midas Construction under the leadership of Operations Director Steve Rosewell, and also involves architects Narracotts, employer's agent Sweett Group and civil and structural engineers Clarke Bond.

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