Property investors still looking West despite the storms and floods14th April 2014

Despite the floods and storms that caused devastation across the 3.7 mile coastal route between Dawlish and Teignmouth, causing widespread disruption to local businesses, interest in commercial property in the area has actually increased, according to commercial property agents Charles Darrow in Newton Abbot, Devon.

Paul Heather of Charles Darrow believes that all the media attention has helped focus attention on the region and as a result there has been growing demand from buyers looking to buy a pub or hotel in the South West. "Many of our clients who operate leisure businesses experienced a good trading period over the last half-term and are anticipating good Easter trade," said Paul.

There are a number of factors, which make the South West extremely attractive to potential buyers and by all accounts the recent storms have not deterred them.

Rising property prices in London and the South East has caused businesses to look further afield, particularly as wages are generally lower in Devon and Cornwall.

“The outlook for 2014 on commercial property sales in Devon and the South West is looking the most promising since the recession," said Paul.

“It is a fantastically diverse area with a lot to offer various commercial businesses with many businesses and corporate operators who are looking to invest."