News

Million Pound Industrial Sale Agreed in Days

The sale of a Redruth industrial unit was agreed within days of the property coming to the market.

Property consultancy Stratton Creber Commercial (SCC) sold the site at Jon Davey Drive on the Treleigh Industrial Estate to near neighbours Seasalt Cornwall.

Already one of the county’s biggest employers, the fashion brand has its distribution centre next door and will be relocating its Finance and Business Systems teams from its Falmouth office to join other existing departments at Treleigh, effectively creating a 2-site Head Office. Seasalt Chief Financial Officer, Malcolm Macdonald says, “This acquisition allows us to be more agile and future-focused as our business expands and it was an obvious choice to continue to invest in the Treleigh site.”

Extending to more than 18,600 sq ft (1,731 sq m), the property comprises two attached high specification industrial units with car park, yard and landscaped areas on a 1.4-acre site. The established location, about a mile north of Redruth town centre, benefits from its proximity to the A30.

Agency surveyor Joseph Rea of SCC’s Truro office, who structured the deal, says: “Good quality industrial opportunities of this size are few and far between, so we were not surprised to see strong levels of interest and a speedy sale.”

About Seasalt Cornwall

Seasalt Cornwall was founded in Penzance in 1981 by Don Chadwick and is now run by his sons Leigh, Neil and David. The company employs more than 800, has a head office in Falmouth and shops all across England and South Wales.