13th October 2014
Tool firm powers ahead with move to larger premises
Property consultants Alder King have let an industrial unit in Portishead to British power tool company CEL UK which required additional capacity for its design and development centre.
Previously based on Harbour Road Industrial Estate, the company, which develops, manufactures and markets high quality power tools, garden tools, floor care products and household appliances, had outgrown its premises but wished to remain local. It has now relocated to Unit 3 Harbourmead in Portishead.
“CEL wanted to remain local but discovered that there’s a distinct lack of quality industrial space in Portishead,” said Emma Smith of Alder King’s industrial agency team.
“However after viewing this unit, they swiftly agreed terms to secure the premises and we completed the transaction within two months, enabling them to relocate as quickly as possible.”
The modern end of terrace unit, owned and previously occupied by Novatech, provides 5,041 sq ft of warehouse/trade counter space, with separate pedestrian entry to one side and plenty of parking. CEL took the property on an eight year lease.
Alder King represented the landlord Novatech. CEL was unrepresented.
“We have also been marketing a similar unit in Portishead which again came under offer very quickly due to the lack of choice in the market,” added Smith. “Occupiers are clearly being very decisive, very quickly in order to secure the right premises.”