Industrial Sector - Haarer Goss has seen an encouraging and steady demand for vacant warehouse & industrial units during the first half of 2010 agreeing a number of new lettings for warehouse accommodation ranging from small start up units of circa 60 sq.m (600 sq.ft) up to 1,875 sq.m (20,000 sq.ft).   Geographically, we are receiving interest not only in Exeter but also in the mid Devon market towns and at Heathfield Industrial Estate at Newton Abbot.

Property Investments - There remains a good level of demand for well let commercial property investments across all sectors but particularly for retail and industrial opportunities where we believe it is perceived there is more stability and potential for income growth as the economy recovers.  Haarer Goss has recently sold a freehold investment in Crediton comprising a modern lock-up retail unit let to Done Brothers to a private investor at an undisclosed price reflecting a net initial yield of 7%.  We are just bringing another opportunity to the market in Crediton; this time a mixed use investment comprising a long standing florist with residential on the upper parts.  This sale & leaseback will produce a gross income of £18,280 (£10,000 from the retail occupier) and is being offered at an asking price of £250,000.

In central Exeter we are offering 29 Magdalen Road which trades as the Cat in The Hat restaurant at ground floor level and has a 2 bedroom maisonette above.  The whole property is let to the restaurateurs for a term expiring 4th June 2021 at a rent of £18,000 per annum.  The asking price is £249,000 and a purchase at this price would reflect a net initial yield of almost 7%.