News

The Sky’s the limit

The Exeter office of Stratton Creber Commercial have recently sold the 14 unit Skyways Business Park at Exeter Airport

Constructed around 30 years ago and totalling just over 21,000 sq ft, the estate currently produces £89,370 per annum exclusive with an estimated rental value when the 4 empty units are let of around £140,000.

Director Andrew Hosking comments: …. “demand was such that we sought best bids off a guide price of £1.4m with 12 offers being received.”

The new owners, Glen House Estates Limited, are undertaking a comprehensive refurbishment of the empty units and have reinstructed Stratton Creber Commercial in connection with the lettings.