A major Cornish industrial estate has been sold for £1.35 million.
Heathlands Industrial Estate, which is located in Liskeard, has been bought by Oxbode Properties LLP in a deal brokered by Bruton Knowles.
Acting on behalf of an institutional vendor, Mark Slade, from the leading South West commercial property agents, secured the deal which includes 13 industrial / office units.
Bruton Knowles has also been retained to manage the investment on behalf of Oxbode.
Commenting on the deal Mark said: “Interest in Heathlands came in from a range of potential buyers from right across the UK.
“There is currently an undersupply of the type of properties located on this site, while demand is high as more companies look to relocate to this part of the UK or local companies expand. In addition, a lack of good quality stock in good locations means there is a lot of demand for this type of property.
“And as infrastructure such as super-fast broad band improves, we expect the number of firms looking to relocate or set up in this part of Cornwall, to increase.
“It meant all of those who made an enquiry had recognised the excellent potential and returns from this site and was why it made the guide price.
“We’re consistently getting enquiries from national and local operators which is bolstering the need for a range of property types including light industrial to high grade office space.
“Infrastructure such as superfast broad band has taken away the importance of location with more and more businesses moving away from major conurbations as they come to realise the benefits of re-locating to this part of the UK.
“This makes for sound investment opportunities right across the South West peninsular and we’re always on the lookout for new opportunities.”