Avonmouth taken by Chep leaves former site open for Hewden
Plant and equipment hire business Hewden has taken part of the former Chep site in Avonmouth.
Hewden has signed a ten-year lease on the property at a rent of £150,000 per year. The property has 22,082 sq ft of office and production space in two buildings on a 2.2 acre site. The business plans to invest in the site to establish a large new regional depot.
The site on Third Way became available following the relocation of pallet container business Chep to a site at Central Park where they have a state-of-the-art pallet repair facility.
Kings Heavy Haulage, which is located on an adjacent site, has taken the rest of the property which has doubled the size of its depot.
Alder King acted for Kings Heavy Haulage while Hewden was advised by Fairhurst Estates. Andrew Ridler, industrial agency partner at Alder King in Bristol, said: “Properties with large yard areas like this are a very scarce commodity and we always see strong interest when they come to the market. As a result we were able to secure this letting to Hewden very quickly.”
Steve King, managing director of Kings Heavy Haulage, added: “The move completes a project which started with the acquisition of the property when it was let to Chep. The enlarged property allows us to base our fleet on one site and also considerably expand the services we offer our customers.”