One of Cornwall’s largest business park developments is fully let just 10 months after opening.

 We have just finalised negotiations on the lease agreement for the third and final tenant to take a unit at Treleigh Business Park in Redruth.

New tenants, photography business Tempest, now become neighbours to a major Cornish clothing company, and latex glove manufacturers Gloveman Supplies Ltd (GSL), who each lease a 10,000 sq. ft. unit at the site.

The £2.76 million project to build the business park was part financed (£1.38 million) by the Convergence Programme with specialist commercial developer HG Sites Ltd providing the match funding, and is the last sizeable speculative commercial development to be carried out in the county.

Mike Nightingale who’s Head of our Commercial Agency at Miller Commercial noted “Treleigh Business Park has been successful in providing much needed BREAM quality industrial space, but there is a real need for more.

The deal with Tempest Ltd. to occupying the last remaining unit at Treleigh is significant in that we are not aware of any other 10,000 sq. ft. units available on the market in Cornwall to buy or lease.

We have also noticed an increased demand for smaller industrial units around the 1,000 sq. ft. size, which better represents the size needed to accommodate the vast majority of companies in the county.”

Mike added “Treleigh also proved a success for the developers after we secured a deal to sell the business park to a group of private investors for an undisclosed sum within two months of its official opening.  

It was the first acquisition in the Duchy for this particular group of investors who have been looking to add Cornish commercial premises to their South West portfolio for some time and who’re looking for more opportunities in the county.

But with a changes in guidelines to the latest tranche of European Regional Development Funding  (ERDF) it remains to be seen if we will see any new schemes of the scale and quality of Treleigh Business Park coming on to the market in Cornwall in the future.”

New properties

Ground Floor Shop To Buy or Rent in Central Truro

The shop is approximately 70 sq m in size and is situated on the ground floor only, forming part of the McCarthy and Stone retirement living complex. The adjoining unit has just been taken by Wendron Stoves; formerly the Aga shop.

The shop is situated in the City's old quarter, where a number of niche and local retailers trade along New Bridge Street, St Marys Street and Duke Street, all benefiting from the proximity of the open-air shoppers car park. It is also very close to the bus station and Lemon Quay, where Primark and Marks & Spencer trade.

The current tenant is relocating and so this property is available with vacant possession by agreement. 

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