Property type: Industrial
Industrial Bridging Loans Plymouth
We arrange bridging finance against industrial property across the Estover Industrial Estate, Langage Business Park, the Coxside marine cluster, the Cattedown wharf belt and the wider Devon industrial market. Loan sizes run £200,000 to £15 million, terms from 1 to 24 months, completions in 7 to 21 days. Industrial bridging is the strongest-performing part of the South West bridging book; pricing sits 0.7 to 1.1% per month for clean cases and 1.1 to 1.4% for vacant or specialist units.
- Decisions in hours
- Completion in days
- £100k to £25m
- Devon specialists
Plymouth · Devon
Bridge to your next move.
The asset class
What industrial property looks like in Devon.
Industrial stock around Plymouth is concentrated in four corridors. The Estover Industrial Estate carries light-industrial, trade-counter and small workshop units from 1,500 to 15,000 sq ft, anchored by manufacturing and distribution operators serving the wider South West. The Langage Business Park, east of the city near the A38, carries larger logistics and distribution stock alongside the Langage Power Station footprint. The Coxside cluster around Sutton Harbour anchors the marine-engineering supply chain, with Princess Yachts' manufacturing operation forming the largest single occupier. And the Cattedown and Plymouth Docks belt carries port-related industrial stock supporting wharf operations and bulk imports. Yields on industrial across Devon have compressed materially since 2015 and held firmer than any other commercial class through the recent cycle, supported by naval supply-chain demand at HMNB Devonport and marine-cluster demand at Coxside.
Use cases
Bridging use cases for industrial assets.
Industrial bridging cases in this market run across five repeat patterns. The first is auction purchase of single-let or vacant units, typically £300,000 to £1.5 million, with completion against the 28-day clock. The second is investment-purchase of multi-let trade-counter estates where the buyer plans a refurbishment, a rent review programme and a refinance to term commercial debt. The third is capital raise against an unencumbered industrial freehold, often held by an owner-occupier business that needs short-term liquidity for working capital or for a separate property deposit. The fourth is purchase of poorly-let or part-vacant secondary stock with a clear lease-up plan, where the bridge funds the gap between purchase and stabilised income. The fifth is refurbishment-and-re-let cases where a tired unit is brought up to current EPC and specification before re-letting and refinance. Across all five, lenders care about the unit's letting prospects, the local rental tone, and the realism of the refinance exit at stabilised income.
Plymouth context
Industrial Demand from HMNB Devonport, Princess Yachts and the A38 Corridor
Industrial demand in Plymouth is structurally underpinned by HMNB Devonport, the largest operational naval base in Western Europe, and by the Coxside marine manufacturing cluster. The naval base supports a Tier 1 and Tier 2 supplier base that requires workshop, light-engineering and storage space in close proximity to the dockyard gates, with rental tone on units within easy reach of HMNB Devonport running materially ahead of equivalent stock further out. Babcock International, the long-term naval contractor responsible for the Astute and Trafalgar submarine refit programme, occupies substantial industrial floors at Devonport and across the supply-chain estates. Princess Yachts manufactures its luxury motor yachts at the Coxside production halls overlooking Sutton Harbour, with a tier-one boatbuilding supply chain that anchors several smaller industrial sites across the city. The Plymouth Marine Laboratory at Prospect Place supports a marine-biology and oceanographic research cluster with associated specialist equipment and storage requirements. The Estover Industrial Estate carries general light-industrial and trade-counter stock serving the wider South West, with strong access to the A38 dual carriageway running east toward Exeter and the M5 and west toward Cornwall. Langage Power Station and the Langage Business Park extend the industrial belt eastward toward the A38 junction. Cattedown and the Plymouth Docks support port-related industrial and bulk-import operations. Distribution flows on the A38, A30 and into the M5 corridor define the wider regional logistics tone. Across Devon, the industrial picture is consistent; Exeter and the M5 fringe carry larger logistics stock, while Tavistock, Newton Abbot and the smaller market towns run a tighter local industrial market.
Valuation and lenders
Valuation and lender considerations.
Industrial valuations come back on rent-and-yield for tenanted investments, vacant possession value for empty units, and on a sterling-per-square-foot comparable basis where the asset is small or specialist. LTV caps sit at 65 to 75% on tenanted investments, 60 to 70% on vacant stock, and 65% on owner-occupied capital-raise cases. Roma Finance, LendInvest and Octopus Real Estate all take industrial on bridging across the South West, with Shawbrook, Allica Bank and Aldermore more active at the larger end. Lenders increasingly ask for EPC evidence given the MEES regime; sub-E ratings need a clear remediation plan to clear.
What we arrange
What we typically arrange.
A typical industrial bridge in this market sits at £350,000 to £3 million, 65 to 75% LTV, 6 to 12 months, 0.75 to 1.15% per month, arrangement fee 1.5 to 2%. Auction cases complete in 7 to 14 days with title insurance. Investment-purchase cases run 14 to 21 days. Refurbishment cases include a works tranche released against monitoring surveyor sign-off. Exit is typically refinance to term commercial debt, sale to an investor, or sale of vacant possession to an owner-occupier.
FAQs
Industrial bridging questions
Can we complete an industrial unit auction purchase inside the 28-day clock?
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Yes. Industrial auction completions are core to the book. With the auction pack delivered the morning after the hammer falls, we typically come back with indicative terms inside 24 hours, run the valuation and legal in parallel, and complete in 10 to 14 days using title insurance where the title has any complexity. The 28-day clock is rarely the binding constraint; the binding constraint is usually a slow surveyor or a slow buyer's solicitor.
How do bridging lenders treat EPC ratings on industrial units?
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Sub-E EPC ratings need to be addressed before the unit can be let under the MEES regime. Lenders price for the remediation cost and the timeline. For a vacant unit at F or G, the bridge often funds the refurbishment to EPC C or better as part of the works tranche. For a tenanted unit with an existing lease, the position depends on the lease length and the landlord's repair obligations. We work the EPC piece up front so it does not surprise the lender at credit committee.
What rates apply to industrial bridging across Devon in 2026?
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Tenanted industrial investments with a recognisable covenant and a clear refinance exit price at 0.7 to 0.9% per month at 65 to 75% LTV. Vacant secondary units with a credible lease-up plan price 0.9 to 1.15% per month at 60 to 70% LTV. Specialist or single-purpose industrial buildings price higher, reflecting the narrower buyer pool at exit. Arrangement fees sit at 1.5 to 2% across the range. Valuation and legal fees are borrower-paid on both sides.
Tell us about the deal
Indicative terms within 24 hours.
A short triage call, then a sized indicative offer against a named lender for your industrial property in Plymouth or across Devon.
Regulated bridging on owner-occupied residential property falls under FCA regulation. Unregulated bridging on commercial and investment property does not. We are not directly regulated by the Financial Conduct Authority, and we introduce regulated cases to authorised partners who carry out the regulated activity.
Next step
Talk to a Plymouth industrial bridging specialist.
We arrange short-term finance on industrial property across Plymouth, the City of Portsmouth unitary authority and the wider Devon market. Indicative terms in 24 hours.