Mole Avon Trading has completed the sale of their existing site on Mill Street in Crediton to local business, The Bike Shed.

It has been announced this week that following its purchase of land at Wellparks in Crediton, Mole Avon Trading has completed the sale of their existing site on Mill Street in Crediton to local business, The Bike Shed. Already with 5 locations throughout Devon, the Crediton Bike Shed was born out of MRS Motor Spares in 1994.

‘It has been great to have found a local growing business to be able to sell our existing Mill Street site to, furthering their base as a business here in Crediton where they first established, just as we have been able to do in the acquisition of the land at Wellparks near to Tesco,’ commented Mike Haines, Managing Director of Mole Avon Trading. ‘We are also fortunate that we will be able to continue to trade from our existing Mill Street store whilst the process of building the new store is completed, something we are now devoting much time and energy to complete at the earliest possible opportunity.’

‘We have no firm plans but lots of ideas on what we will do with the Mill Street site. We have taken the opportunity to purchase this prime piece of land from Mole Avon with an open mind as to its future use. With the changes in the political and economic landscape upon us at the moment who knows what the situation will be in two years time but for the time being we are delighted to be able to allow Mole Avon to continue to trade from its existing site whilst they progress their new development,’ said Mike Sanders, owner of The Bike Shed.

Mole Avon engaged the services of Vickery Holman Property Services as advisors on the disposal of the site some time ago. Whilst a variety of options were reviewed along the way, this sale has resulted in a solution for both parties that fits their immediate business needs.

These are exciting times for Crediton and the local population with two local businesses looking to invest significant sums of money into the town for the benefit of its population and that of the surrounding communities.