A prestige industrial/warehouse unit at 3 Crown Gate, on Severalls Park, which totals approximately 12,700 sq ft (1,180m²), has been let by Newman Commerical.

Having undergone a full refurbishment, the unit is of high quality and benefits from a large forecourt providing car parking and an unloading/loading area, two-storey offices with kitchenette, and a large clear span warehouse with two full-height loading doors. Peach Guitars Ltd, who are relocating from the Cowdray Centre, have completed a new long-term lease. Michael Moody, associate director of Newman Commercial, said: “The unit ideally suits Peach Guitars’ requirements and will provide them with an excellent environment to continue the expansion of their business.”

Alan Priest, managing director of Peach Guitars Ltd, said: “We are delighted to have been able to agree terms on this unit. This relocation will enable us grow our business and become the largest specialist guitar centre in the UK. We hope to be open at the end of November.”

Newman Commercial and Savills have also agreed a letting of a a modern detached industrial/ warehouse unit of 8,635 sq ft on the Severalls estate to national electrical wholesalers, Yesss Electrical. The firm will carry out a full refurbishment of the premises over the next few months to create a trade counter, offices and stores area. Jeff Cowup, area director for Yesss, said: “We are delighted to have found suitable premises within Colchester and very much look forward to opening in early December to serve our growing customer base within the area.”

Newmans have also agreed the sale of a 2.5-acre site on Axial Way, Colchester, to Lookers Land Rover, which will replace the firm’s facility at Cowdray Avenue. Lookers have obtained planning permission for a new dealership and are due to begin construction soon.

The deal ensures the retention of 51 jobs, with potential for further skilled employment in future. For further information on commercial property, or to discuss your requirements, contact Newman Commercial on 01206 85 45 45 or visit www.newmancommercial.co.uk