Monthly Archives: July 2013
London and Devonshire Trust hosted a public information event at The Parkway Sport Clubs at Ernesettle Lane regarding its plans for the proposed development of the recently launched Plymouth Enterprise Park.
Present at the exhibition, Mark Leonard, London and Devonshire Trust, stated: “We were pleased with the attendance at the event. The general sentiment seemed to welcome the regeneration of the site and subsequent creation of new jobs. But we will now review all the comments and feedback before submitting the final planning application to the council.”
July 17, 2013, Plymouth – London and Devonshire Trust (LDT) is offering an excellent investment opportunity in Plymouth.
The company, which has a proven track record in regenerating vacant sites, is marketing a fully let and income-producing four acre section of the newly created Plymouth Enterprise Park at Ernesettle Lane just off the A38 within the city limits.
The site is occupied by Westcountry Storage Solutions and Vi-Spring Ltd on two co-terminus leases, let for twenty year terms generating a combined annual rental stream of £75,000 with some guaranteed uplifts.
Property agent Philip Kerr, Harcourt Kerr, stated: “LDT’s ability to turn around a vacant site in a short period of time and up against the challenges of a recession is quite an achievement, proving their skill in identifying profitable opportunities.
“At £945,000 providing a 7.5 per cent yield, this investment is an attractive proposition for small pension funds, family trusts or individuals looking to expand their commercial portfolio.”
Interested parties should contact Philip Kerr at Harcourt Kerr on 01823 444097 or Oli Stratton at Alder King on 0117 317 1121.
July 08, 2013, Plymouth – Plans for the proposed development of the recently launched Plymouth Enterprise Park, will be shown at a public information event by South West commercial developer London and Devonshire Trust (LDT).
The event, which will take place on Tuesday 16 July from 4pm to 8pm at The Parkway Sports Club at Ernesettle Lane, will provide an opportunity for interested parties to comment on the development plans before the application is submitted.
Daniel Stephenson, Managing Director, LDT, stated: “We are keen to ensure that the local community and other businesses with an interest in the site have the opportunity to express their opinion on the development proposals. At the event they will be able to review plans and talk to members of the project team.”
The proposals outline new warehousing and general industrial units as well as office and car parking space on the site of the former Toshiba factory. The development will appeal to those companies looking to expand or relocate operations to Plymouth and the wider South West.
LDT has concentrated on expanding its commercial development activities throughout Devon and the South West with successful results at a number of commercial sites in Exeter, Tiverton and Bristol.
Property agent Philip Kerr explained: “At this stage, LDT is submitting outline planning permission to gain a flexible framework which can be further developed in terms of final design and layout at a later date to meet the needs of the occupiers. Securing initial planning permission will make the application process easier for future tenants as the development parameters will have been established.”
The consultation period will conclude on 2 August when all feedback will be collated and considered in the final application. It is anticipated that a planning application will be submitted to Plymouth City Council in the autumn.
LDT advises that for those interested parties who cannot attend the exhibition, details of email contact addresses to submit comments can be found on the website www.plymouthenterprisepark.co.uk/consultation.