Property type: Industrial
Industrial Property Bridging Loans Devon
We arrange bridging finance against industrial property across Exeter Sowton, the M5 corridor at Cullompton and Tiverton, the Plymouth Estover and Langage estates, the Newton Abbot and Heathfield industrial 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 Devon 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
Devon · Devon
Bridge to your next move.
The asset class
What industrial property looks like in Devon.
Industrial stock around Devon is concentrated in four corridors. The Exeter Sowton, Marsh Barton and Pinhoe estates carry light-industrial, trade-counter and small workshop units from 1,500 to 25,000 sq ft, supporting the Met Office logistics base, the Royal Devon and Exeter Hospital supply chain and the general Exeter occupier market. The M5 corridor north at Cullompton, Tiverton and Willand carries larger logistics-and-distribution stock serving the regional strategic route. The Plymouth Estover, Langage and Drake Mill estates carry the Babcock Devonport supply-chain footprint, with Tier 1 and Tier 2 marine-engineering and defence-tech suppliers anchored close to the dockyard. And the Newton Abbot, Heathfield and Plymouth-to-Plympton industrial run carries the mixed engineering and trade-counter stock that serves the Torbay and South Devon occupier base. Yields on Devon industrial have compressed materially since 2015 and held firmer than any other commercial class through the recent cycle, supported by M5 logistics demand and the defence supply chain.
Use cases
Bridging use cases for industrial assets.
Industrial bridging cases in Devon 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 through the Auction House Devon and Cornwall sales or the national rooms. 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 marine-tech or precision-engineering 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.
Devon context
Industrial Demand from the M5 Corridor and Babcock Devonport Supply Chain
Industrial demand in Devon is structurally underpinned by the M5 corridor, the Babcock Devonport defence base and the Plymouth marine-tech cluster. The M5 between Exeter and the Somerset border supports a strategic-logistics occupier base around Cullompton, Tiverton and Willand, with the J27 and J28 junction stock pulling national and regional distribution operators. The Babcock Devonport 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, with rental tone on units within ten minutes of HMNB Devonport running materially ahead of equivalent stock further out. Around Exeter, the Sowton, Marsh Barton and Pinhoe estates carry the Met Office logistics base, the hospital supply chain, the wider Exeter trade-counter market and an active small-to-medium industrial occupier base. The Newton Abbot and Heathfield run serves the Torbay catchment with mixed engineering and trade-counter stock. North Devon industrial sits around Barnstaple's Roundswell estate and the Pottington fringe, serving the EX31 to EX39 catchment with locally-anchored manufacturing and trade-counter occupiers. Across Devon, the industrial picture is consistent: yields have stayed firmer than other commercial classes through the rate cycle, vacancy has been low, and lenders price the asset class accordingly.
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. MT Finance, Octane Capital, United Trust Bank, LendInvest, Hope Capital, Octopus Real Estate and Together all take industrial on bridging, 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 Devon industrial bridge 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 Devon 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 Devon 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 Devon industrial bridging specialist.
We arrange short-term finance on industrial property across Devon and the wider Devon market. Indicative terms in 24 hours.