Following a refurbishment and repositioning programme, Almcor, advised by JLL and McKinlays, has secured a number of new lettings at Axe Road Industrial Estate, Bridgwater, as part of its Industrial Open Storage (IOS) Strategy.
Having acquired the Axe Road Industrial Estate in March 2024, along with Cherry Road Industrial Estate East and Cherry Road Industrial Estate West, Almcor has invested significantly in the 30-acre, established industrial site to enable new occupiers to benefit from its proximity to Hinckley Point C, Morrisons distribution centre and the Gravity Smart Campus – the site of the new TATA gigafactory, which is projected to create over 40,000 new jobs.
Located to the South of Bridgwater, Axe Road Industrial Estate is conveniently located close to the M5, giving easy access to the North and the South. The Squibbers Way bypass also provides new and improved access to Junction 24 of the M4.
The estate comprises three main elements offering a mix of industrial / workshop units, ranging from 914 to 30,022 sq ft, and open storage compounds and storage yards ranging from 0.12 to 3.27 acres.
In the latest new leases signed, VolkerHighways has taken Unit Y, a 3,490 sq ft detached unit, along with a 0.82-acre yard on a new 12-year lease. The entire site was comprehensively refurbished, including a full refurbishment of the unit, resurfacing and new fencing to the yard.
Compound F, a 1.18-acre yard within main road prominence, has also been snapped up by Adams Morey, a DAF dealership, on a new 10-year lease. Peter McCluskey, Head of Active Value at Almcor, says: “This site was previously in very poor condition and required full clearance and new fencing in order to be let, with the added benefit of smartening up the front of the estate.”
He continues: “The whole estate was lacking in investment upon acquisition, but we saw the potential in the asset, and the location, and our capital expenditure has paid off. We look forward to welcoming further new occupiers to the area in the near future.”
Sophie Parsons, Surveyor at JLL, retained letting agents for the whole Bridgwater site, along with McKinlays, says: “The refurbishment and repositioning of Axe Road Industrial Estate is very welcome for the area and has enabled us to secure some great new national and local occupiers to the area. Along with Volker Highways and DAF, Unit 39F has recently been let to a private individual to operate an MOT garage and Unit CH1 is now occupied by Jasun Envirocare.”
Unit CH1 is Jasun Envirocare’s fifth factory unit in the Bridgewater area, accommodating the company’s expansion. This unit will be used as a stand-alone manufacturing unit for Carbon Filters used in environmental and pollution control.
Almcor is continuing its investment into the estate, with a few lots remaining available, including Compound V, a 3.27-acre open storage plot and two refurbished barrel-vaulted units which would suit a variety of occupiers.