Commercial property


Lock up let in record time

Written by Peter Davison on .

105 Commercial Road105 Commercial RoadA lock up retail unit on Swindon's busy Commercial Road has been let in record time by property agents Kavanaghs.

The firm was approached by the owner of 105 Commercial Road, whose tenant had expressed a desire to leave the property before the lease expired.

The owner agreed on the condition that a new replacement tenant could be found. Happily for all concerned, several parties very quickly expressed an interest in the shop.

Commercial property manager Stephen Brickell, who was instructed to market the property, said: "I was delighted when we were able to find a new tenant, at the asking rent who wishes to take a 15-year lease in the first week of marketing at the asking rent.

"We then immediately instructed Greg Callard of Royds Withy King to complete the lease.”

Greg Callard, a partner at Royds Withy King, said: “With Stephen once again out performing any other agent we deal with, the pressure was on to match his performance.

"We agreed and completed a lease surrender and new letting all in a week which demonstrates how important it is to have a good working relationship between agent and lawyer.

"This is very much a great deal for the landlord and I am very pleased he has been so effusive in his praise for us both.”

Stephen added: "Despite the record time this letting completed in we are still receiving enquiries for the property and have several under bidders so if you are a landlord with a property to let or do not hesitate to call us.

"The retail sector is very much alive and kicking, so long as the rent is correctly set and you have the right marketing and professional advisors.”

Stephen can be contacted on 01225 341490.