2nd March 2016
Double retail lettings at Glanvilles Mill, Ivybridge
Acting on behalf of LCP Properties, property consultants Alder King and Millington Tunnicliffe have secured two new occupiers for Glanvilles Mill Shopping Centre in Ivybridge.
Units 6 and 7 totalling 1,100 sq ft have been let to Barnardo’s for a 10 year term at a rent of £24,000 per annum. Barnardo’s is one of the UK’s largest children’s charities supporting children, young carers and families looking to foster and adopt throughout the UK. The charity took occupation at the end of January and will be opening its doors to the public soon.
Unit 35 was let in early February to Essential Adventure Limited, a local Ivybridge activity and adventure company which provides outdoor pursuits, adventure sports and team building events across the South West. Essential Adventures took the 311 sq ft unit on a new three year lease with a stepped rent over the term.
Glanvilles Mill Shopping Centre is located in the heart of Ivybridge town centre, offering 27 retail units. It is anchored by a Co-operative supermarket and hosts a mix of regional, national and local businesses including Post Office, Newsome Opticians, Connells Estate Agents, Warrens Bakers, Maitlands Estate Agents, Salvation Army and Go Mobile.
Howard Roddis, Asset Manager for LCP Properties, comments: “We are delighted to welcome two new tenants to Glanvilles Mill. We have a number of Barnardo’s located elsewhere in our portfolio and I’m pleased the charity has opened at yet another of our retail sites. It’s also great to see an expanding local firm opening up here too. We’re committed to investing in the centre and providing shoppers with a facility that provides a wide retail offer.”
Lee Southan of Alder King added: “This is an exciting time for Glanvilles Mill which has benefited from significant investment to upgrade the local centre and enhance the retail accommodation. As a result we are seeing a good level of interest from national and local occupiers looking to take space in the scheme.
“We still have some units available ranging from circa 350 sq ft up to 650 sq ft, some with the ability to be combined.”