Developer acquires land for Devon business park
DEVON-BASED commercial property developer Burrington Estates has acquired a large piece of land near Newton Abbot and will start work in May to turn it into a business park.
When completed, Oak Tree Business Park will provide 80,000sq ft of high -quality, energy efficient units suitable for business, general industrial, storage and distribution.
The site, in Kingskerswell, is close to the A380 South Devon Highway, 2.5 miles south of Newton Abbot, and strategically located between Torbay and Exeter.
Planning approval has been granted and work will commence in May 2022 with a 12-month build for Phase 1, comprising 21 contemporary units each providing at least 1,000sq ft of commercial space.
All units will be built to the highest standards of construction and energy efficiency using the latest insulated panel technology, roof mounted solar panels and EV charging capability, and will offer flexible accommodation with bespoke options.
The units can be purchased within a tax-efficient SSAS (small self administered scheme) pension or a SIPP (self-invested personal pension).
Future phases at Oak Tree Business Park will provide varying sizes of units from 2,000sq ft up to 10,000sq ft per unit.
When fully complete, Oak Tree Business Park will house 36 commercial units and one office with external parking for 165 vehicles.
Adam Pascoe, Burrington Estates’ commercial land director, said: “We’re delighted to move forward with this latest development, which addresses a need for high-quality new build units to help support the potential for businesses in this area of Devon.
“With its accessible location, these high specification commercial properties are designed to meet the needs of both buyers and business tenants. Oak Tree Business Park presents an exciting opportunity for businesses looking for practical, contemporary units in a prime location.”
The land deal was facilitated by Tony Noon at Noon Roberts, with Andrew Pearce at Pearce Property acting on behalf of Burrington Estates.
Exeter-headquartered Burrington Estates is behind some of the most exciting building projects in the South West.
In late 2021, its £3.5m Eurotech Park business estate, in Plymouth, was completed less than a year after work on it began. Demolition only started in January 2021 at the Honicknowle site, originally built as an electronics factory in the 1970s. Burrington Estates created 30 business units.
The company is also behind commercial developments at Exeter’s Dean Clark House, and in Plymouth at Burrington Business Park, Thrive Hubs and The Ship.