Commercial property news from Swindon and Wiltshire.
The first phase of £9 million development works at Wiltshire College & University Centre’s specialist land-based campus is underway.
The former animal centre and outdoor enclosures at Lackham have been demolished to make way for modern, industry-standard facilities, which are currently under construction.
Worldwide Estates has sold the freehold investment of Nursteed Trading Estate in Devizes for £3.46 million. The multi-let industrial estate was acquired by the private investment group Maybrook Properties.
Alder King and Strakers represented the vendor while Kenningtons acted for the purchaser.
Nursteed Trading Estate, located to the south east of Devizes, is arranged in three blocks and provides a total of 41,685 sq ft of accommodation on circa 3.86 acres. All 10 units are let to occupiers including Mole Valley Farmers, City Plumbing Supplies and Varivane Industries. The estate produces a passing rent of £237,500 per annum.
A ground floor retail unit at the Neighbourhood Centre in Swindon's St Andrew's Ridge will remain as a hairdressing salon.
The 633 sq ft unit, previously The Works salon, has been let to independent hairdresser Danielle Thomas in a deal negotiated by Kilpatrick & Co.
Daniel Pitt, Kilpatrick & Co’s office manager, said: “We are very pleased that the sale of Unit 4 Neighbourhood Centre has completed and that we were able to achieve a good sale price for our client.
Hotel chain Premier Inn has opened a new 69-bedroom facility in Marlborough. It is the 805th hotel under the brand to be opened by parent company Whitbread.
The opening has created 25 new jobs – although this is expected to increase – and fills a gap in the hospitality market created when the Ivy House Hotel on High Street was sold to Marlborough College as a boarding house for female students.
A Salisbury shop that had traded under the same name for almost a hundred years has been sold within weeks of the business closing.
Sydney Ingram on Catherine Street was opened in 1925 by the eponymous saddler. He moved to the market town because demand had for making and repairing harnesses declined with the introduction of the tractor.
Developer St Modwen has broken ground on a 106,000 sq ft speculative unit with plans to complete the site wide preparation and bring forward a further phase in 2020.
The site, formerly known as Chippenham Gateway, secured planning permission from Wiltshire Council in August 2018 and has permission to build a variety of units ranging from 100,000 sq ft to 1,000,000 sq ft.
Once completed, the whole site is expected to create around 1,300 jobs once complete as well as skills, training and apprenticeship opportunities through a planned partnership with Wiltshire College.
Longer term, St Modwen Park Chippenham will generate significant inward investment for the local area with a growth potential of around 1,000 jobs once the site is fully operational.
The site is strategically located off junction 17 of the M4 in the heart of the south west logistics triangle, serving both Bristol and Swindon. Mainline rail links provide access to London Paddington in just one hour and 15 minutes.
Peter Davies, development director at St Modwen Industrial & Logistics, said: “St Modwen Park Chippenham is a key industrial and logistics site in the south west region. We have already had a significant amount of interest due to its excellent location and we are able to meet specific occupier requirements with build to suit solutions in addition to our high-quality speculative build programme.”
Alistair Cunningham, executive director at Wiltshire Council, said: “St Modwen Park Chippenham is an important site with real potential for growing employment in the north of the county. Once complete, the site will drive economic development as well as bring job opportunities to the area.”
Construction work is being carried out by Winvic Construction Ltd. Operations manager Ben Shearman said: “Our relationship with St Modwen has gone from strength to strength and we look forward to commencing work on site and continue working in partnership to deliver quality units across the UK.”
The joint agents for the site are Alder King, DTRE, and JLL.
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