20th March 2014
Alder King secures sale of Barnstaple industrial premises
Acting on the instructions of Leo Workware, award-winning property consultants Alder King and local specialists JD Commercial have secured the freehold sale of the former Leo Textiles premises in Barnstaple, north Devon.
The freehold interest of the manufacturing and distribution depot was sold off an asking price of £425,000 to a private purchaser.
The detached property consists of 12,223 sq ft (1,135.75 sq m) of warehouse/ workshop and office space with an external yard area on a 1.41 acres (0.57 ha) site. The purchaser plans to reconfigure the premises to create a range of smaller units starting from 1,065 sq ft as well as provide some larger units with offices.
Lee Southan of Alder King’s Exeter office comments: “There are limited opportunities to purchase industrial space of this size in North Devon which was reflected in the level of interest. Working with JD Commercial ensured the property received maximum exposure and a buyer was found at the right level.”