Real estate investment & asset management company Almcor has secured new lettings for IOS Strategy at Bridgwater’s Axe Road Industrial Estate.
Located to the South of Bridgwater, Axe Road Industrial Estate is located close to the M5, giving access to the North and the South. The Squibbers Way bypass also provides access to Junction 24 of the M4.
The estate comprises three main elements offering a mix of industrial / workshop units, ranging from 914 to 30,022ft², and open storage compounds and storage yards ranging from 0.12 to 3.27 acres.
In the latest new leases signed, VolkerHighways has taken Unit Y, a 3,490ft² detached unit, along with a 0.82-acre yard on a new 12-year lease.
The entire site was comprehensively refurbished, including a full refurbishment of the unit, resurfacing and new fencing to the yard.
Compound F, a 1.18-acre yard within main road prominence, has also been snapped up by Adams Morey, a DAF dealership, on a new 10-year lease.
Head of active value at Almcor Peter McCluskey said: “This site was previously in very poor condition and required full clearance and new fencing in order to be let, with the added benefit of smartening up the front of the estate.”
“The whole estate was lacking in investment upon acquisition, but we saw the potential in the asset, and the location, and our capital expenditure has paid off. We look forward to welcoming further new occupiers to the area in the near future.”
