Commercial property

Commercial property news from Swindon and Wiltshire.

Bassett shops offered as investment opportunity

Written by Peter Davison.

32 High Street A pair of retail units on Royal Wootton Bassett High Street is being sold along with two associated flats as an investment property.

Built in the early 1800s, 32 High Street is just yards from the market town's iconic 17th century Town Hall, and is on the market for the first time in more than 40 years.

The three-storey Grade II listed property comprises two shops, measuring approximately 896 sq ft and 532 sq ft, both of which are let, along with two apartments, one of which is let, the other vacant and in need of refurbishment.

A cellar used for shared storage can be accessed via the larger retail unit. To the rear is a storage unit and parking for several cars.

The property is on the market with Moore Allen & Innocent in Cirencester. Offers in excess of £400,000 are invited.

 

Restaurant snaps up former photography studio

Written by Peter Davison.

138-139 Victoria Road - SwindonCommercial property agent Kilpatrick & Co has successfully let Unit 3, 138-139 Victoria Road, Swindon – a former photographer's studio – as storage for a well-established and successful Old Town restaurant.

Located half way along Victoria Road the property forms part of Victoria Centre, a two-storey building which is also home to Swindon Tuition Centre and S.T. Richings Antique Clock Repairs.

Kilpatrick & Co’s office manager, Daniel Pitt said: “We were delighted that there was such strong interest in Unit 3, 138-139 Victoria Road and were pleased to achieve a letting for another local business in Old Town who required storage.

"The property did have A1 retail use and we received a lot of interest from other small businesses requiring space to be used as either workshop or studio space. It is reassuring that, despite all the political and Brexit uncertainty, there are still many people with businesses needing space to grow and expand.”

Close shave for Marlborough as Turkish barber moves to town

Written by Peter Davison.

Unit 3 Old Hughenden YardA Turkish barber has taken the lease on an historic building in central Marlborough, in a deal negotiated by commercial property agents Kavanaghs.

Mustafa Dolasir, who is expanding The Turkish Job Barbers from his Andover base, has opened an outlet at Unit 3 of the quaint Old Hughenden Yard, an historic alley of independent businesses.

The open plan unit with high ceilings and prominent display window was let at the asking rent of £9,000 PA.

Stephen Brickell, commercial property manager at Kavanaghs, said: "This landmark parade is a welcome addition to our expanding management portfolio and the letting reaffirms that the there is strong demand in the retail sector for good quality property particularly from niche occupiers.

"We are continuing to receive enquires for property in Marlborough and similar towns throughout the south and west and would welcome the opportunity to speak to landlords about any property they have which could benefit from our comprehensive management and agency service.”

Bluestone first phase now fully occupied

Written by Peter Davison.

Unit 3 The Bluestone Centre AmesburyThe first phase of the Bluestone Centre near Amesbury is now fully occupied following the letting of the final unit.

The centre, which sits just outside the town on the giant 160-acre Solstice Park, is the first new-build business centre development there for more than a decade.

Unit 3 has been let to Solstice Leisure Ltd as a Hot Tub Showroom, in a deal brokered by property consultancy Myddelton & Major.

Quoting rent for the 1,485 sq ft (137.96 sq m) warehouse/industrial unit was £8,750 and Solstice Leisure has agreed a six-year lease.

Myddelton & Major surveyor Gary Mead said: “This exciting new development of units suitable for office, light industrial and warehouse use is proving exceptionally successful.

“The letting of Unit 3, marks the completion of Phase 1, The Bluestone Centre with all units now occupied.

“The high-specification centre has units ranging from 1,485 sq ft to 2,270 sq ft and aimed especially at smaller businesses and many were sold off-plan.

“This demonstrates both a growing confidence in the region’s commercial property market and an acute shortage of capacity in an area where demand outstrips supply.

“Bluestone is particularly significant for employment prospects in Wiltshire with 131,630 people of employment age living within a 30 minute drive.”
Solstice Park, Amesbury, just nine miles north of Salisbury, has good links to the motorway network via the A303/M3 to London and to the north via the A34 to the M4 and M40.

The Bluestone Centre – named after ancient stones at nearby Stonehenge – is on Sun Rise Way, which forms part of the 160-acre mixed use park.

Industrial estate bids welcome to auction company

Written by Peter Davison.

Marian Day, director of property and facilities management at HPH, with James HarveyOnline auction company The Auction Hub has signed a deal with HPH Commercial Property for new premises at the Woodland Industrial Estate in Westbury.

Founded by James Harvey formerly of Phillips, The Auction Hub is a UK-based online auction house with global reach, selling antique and contemporary items, fine art, cars, collectables and more.

The company – a subsidiary of Stockholm-based Auctionet, which provides online auction services to over 250,000 customers across Europe – was created to provide an online auction service with traditional values and expertise, providing a solution to individuals and professionals selling whole house contents or individual items.

The Auction Hub has joined an eclectic mix of successful businesses at the Woodlands Industrial Estate including the Paper Bag Company, Prezola, A Great Read, Safari Removals, Broad Lane Land Rovers and Allstar Fitness gym.

James Harvey, founder and managing director, said, “The Auction Hub is pleased to move into our new home at the Woodland Industrial Estate. Westbury is an excellent location providing a central base in the Wessex region with excellent transport routes that will enable The Auction Hub to serve both buyers and sellers.

“We would like to thank HPH for their total professionalism. Thanks to them we are two months ahead of our schedule and now ready to receive consignments for sale.”

The Auction Hub’s 10 year deal for 4,770 sq ft of newly renovated commercial floor space means that the Woodland Industrial Estate is now fully let.

HPH has invested heavily in the estate on Eden Vale Road, Westbury, renovating and modernising over 100,000 sq ft of commercial space over the past three years to suit a range of businesses.

Lindsay Holdoway, managing director of HPH Commercial Property, said, “At HPH we are proud to maintain excellent working relationships with our occupiers to support their business in as many ways as possible.

“The Auction Hub is a fantastic business and we are pleased to welcome them to join the thriving business community at the Woodland Industrial Estate.”

Company opens door to new base

Written by Peter Davison.

Unit 206, Beacon Centre, AmesburyA prime industrial/warehouse unit on a new development at one of Wiltshire’s most popular and convenient business parks has been snapped up by a firm specialising in doorway solutions.

Property consultancy Myddelton & Major has successfully negotiated the letting of Unit 206 at the Beacon Centre development on Solstice Park, Amesbury.

Quoting rent for the 2,751 sq ft unit on Solar Way was £17,250 per annum and new tenant Denleigh has signed a six-year lease.

Myddelton & Major Surveyor Gary Mead said: “Denleigh a long-established, independent Salisbury business, which is a leading provider of doorway solutions, including architectural ironmongery and bespoke internal feature doors”.

“I was pleased to help facilitate the long-term let on this property for the company which has been working for over four decades with construction professionals such as architects, interior designers, property developers, quantity surveyors and builders.”

The 160-acre Solstice Park ­– at the gateway to the South West – is both popular and convenient ­ and even has direct access to the A303 trunk road after building its own junctions on the busy dual carriageway.

Established in October 2005 and named to associate itself with nearby Stonehenge, its major occupiers include Home Bargains, Muller Wiseman Dairies and Tintometer.

The Beacon Centre occupies a prime location at the gateway to both Solstice Park and the 20-acre industrial/distribution zone.

Commercial agent brings three Swindon properties to market

Written by Peter Davison.

1 Commercial RoadProperty agent Kilpatrick & Co has brought three new properties on Swindon's busy Commercial Road to market.

The firm has been instructed to manage 1, 18-22, and 53 Commercial Road – bringing to five its portfolio on the same road, two of which are already under offer.

1 Commercial Road part of a three-storey building is a virtual freehold comprising the entire ground floor with its entrance onto Commercial Road and side windows onto Eastcott Hill.

Currently set out as open plan offices, totalling 1,087 sq ft, the configuration also includes meeting rooms, staffroom, toilets, and storage facilities at basement level and with the added bonus of two car parking spaces at the rear. The long leasehold of 999 years is available at an asking price of £160,000.

With the relocation and departure of Office Angels from Commercial Road, No. 18-22, totalling 1,718 sq ft is also set out as open plan and rear partitioned offices and meeting rooms accompanied by a staff room/kitchenette with male and female toilets.

There are two car parking spaces to the rear and while the property is currently suitable for continued A2 business use this could be converted to retail as a whole or possibly subdivided into 2 units. The asking rent is £35,000 per annum

Kilpatrick & Co is no stranger to the last of the trio, having completed the freehold sale back in 2018. No. 53 Commercial Road has been completely refurbished and the landlord has converted the rear and upper parts of the property to residential, leaving a ground floor A1 retail shop available to rent at an asking rent of £12,000 per annum.

The shop of 324 sq ft retains its prominent display window to Commercial Road and return frontage to Morse Street and would be suitable for any retail use. Both the exterior and interior of the property has been refurbished with a new shop front, door and side windows installed with a new tiled floor, redecorations and toilet to the rear.

“It is very exciting for us to have the opportunity to market these three new properties to our agency department. All the property details, including particulars are available to download from our website at www.kilpatrick-cpc.co.uk" said office manager Daniel Pitt.

More Articles ...