Commercial property

Commercial property news from Swindon and Wiltshire.

Swindon property agent celebrates successful let – in Kent

Written by Peter Davison.

93 Week Street MaidstoneA café in the Kent town of Maidstone has been let by Swindon-based commercial property agent Kilpatrick & Co.

Acting on behalf of their client, Kilpatrick & Co worked with Sibley Pares to help achieve the letting of 93 Week Street, a café of 1,114 sq ft, situated on the edge of the prime retail area of the town.

A new 15-year lease was negotiated to a well-established bistro operator in Maidstone.

Daniel Pitt, Kilpatrick & Co’s office manager said: "We are delighted that the lease for 93 Week Street has now completed.

"We very much enjoyed working with Sibley Pares and we developed a supportive collaborative partnership with them.

"I also want to offer our thanks to the landlord’s solicitor, Julie Lloyd of Lloyd Evans LLP who was a terrific help throughout the process. We wish the new tenant every success in the property."

Major refurbishment completed at Westbury business park

Written by Peter Davison.

Woodland Industrial EstateA 5,000 sq ft commercial unit has come onto the market at Westbury’s popular Woodland Industrial Estate.

The unit has fully refurbished offices and part mezzanine, as well as 12 allocated parking spaces and a rear service yard.

The business park has units ranging in size from From 750 sq ft single units to larger, fully equipped warehouses of over 12,000 sq ft.

In total, 21 businesses employing around 80 people – including Paper Bag Co, Top Drill, Broad Lane Land Rovers, Prezola, Allstar Fitness gym, Westbury Building Supplies and Safari Removals – now call the business park home.

Lindsay Holdoway, managing director of HPH Commercial Property, said: "We are very excited to have an opportunity for a new business to come onto the estate in Westbury and are looking forward to working closely with our existing and future occupiers.”

Swindon law firm expands with Oxfordshire opening

Written by Peter Davison.

1 High Street WitneyA Swindon law firm has opened a new office in the market town of Witney.

Since opening its first office in 2007, Francis George Solicitor-Advocate has garnered a first-class reputation in Wiltshire and across the UK.

The new Witney office is opening to help meet the huge demand for the firm's services in nearby Oxford and the surrounding Cotswolds.

The new office is on High Street, Witney's main road, which remains almost constantly busy during business hours. The new location makes Francis George Solicitor-Advocate ideally placed to meet the legal needs of the town's 108,000 residents and its many thriving businesses.

The firm specialises in litigation and pre-litigation. Its team has decades of combined experience in family law, commercial work, probate and conveyancing. As well as providing legal advice on a broad range of issues, the firm takes pride in its ability to ensure its services remain cost effective.

Managing director Francis George said: "I'm delighted to announce the opening of our new office in Witney. I believe the expansion will help to better serve the needs of existing and new clients in and around the Oxford area."

IT support firm relocates from Swindon to Cotswolds

Written by Peter Davison.

The new Evaporate headquartersGrowing IT support firm Thirdline has rebranded as Evaporate and relocated from its Swindon base to Cirencester.

Evaporate – which has recently completed serval acquisitions, including business and domestic software develop Dissimilar – provides technological services to small and medium-sized businesses.

The relocation from rural Liddington on the outskirts of Swindon to The Bathurst Estate at College Farm, Cirencester allows the company to better meet client requirements of general IT support, cybersecurity, cloud technologies, telecom services, and strategic consulting.

Currently operating in Swindon, Birmingham, London and now Cirencester, Evaporate aims to be a complete technology provider.

“Our new office space enables us to flex and support the continued growth of the business as well as expanding our reach and services for the local community,” said founder and managing director Jack Peploe.

“We have had an extremely exciting year so far and it is just the start. We have invested heavily into our platforms, general technology and most importantly, our team, allowing us to stick to our mission of empowering the world’s small and medium-sized businesses with the best in technology.”

New home for 'space creators'

Written by Peter Davison.

An office fit-out by Concept UKA firm of office space designers, fitters, and project managers have new premises of their own.

Concept UK Ltd, trading as Conceptual Furniture, have moved into Units 13 and 14 at Shrivenham 100 Business Park near Swindon in a deal brokered by commercial property agents Loveday.

The double unit of 3,500 sq ft will allow the established and expanding firm to showcase its work.

Concept UK recently completed the contract to fit out Wiltshire Air Ambulance's new multi-million pound HQ. It has also completed recent fit-outs for Microlights in Swindon, Easy Living Furniture in Swindon, and 35 bedrooms at the Dale Hill Hotel and Golf Club in Sussex.

David Peck of Conceptual Furniture said: "Our new premises have enabled us to expand on our portfolio of bespoke furniture solutions to both commercial and domestic clients. It is a great location for us."

Bradley Forbes of Loveday said: “We are delighted to have agreed terms with Conceptual Furniture and it is good to see a thriving local business continue to expand.

"We are seeing an increase in activity at Shrivenham 100 as Swindon continues to experience dwindling stock levels and hope to agree terms on another vacant unit very shortly.”

Property experts feature in Parliamentary Review

Written by Peter Davison.

Philip Holford and David SmithProperty consultancy Myddelton & Major features strongly in the latest edition of The Parliamentary Review – a document that looks back on the past year in industry and politics.

The firm is included in the 2019 edition of the prestigious publication alongside contributions from the Prime Minister Theresa May, Lord Blunkett, Lord Pickles and Melanie Leech, Chief Executive of the British Property Federation.

Myddelton & Major is among selected outstanding industry leaders sharing best practice as a learning tool to the public and private sector and examining the state of the UK property market in the Property edition of the document.

The Parliamentary Review is sent to more than 500,000 leading business executives, policy makers and other relevant individuals and is seen as a blueprint for success and a template for reform.

Industry and politics come together once again in this year's Parliamentary Review – one of the UK's most widely circulated political publications, with contributions from organisations that excel, who provide their commentary on a variety of pertinent topics.

The publication affords organisations across the country to tell their side of the story to those whose hands are on the levers of the UK economy.
David Smith is senior partner at Myddleton & Major's Andover office, although the firm is better known and has primarily existed in Salisbury for over 100 years and also has a commercial management office in Westbury.

David discusses the Myddelton & Major journey, and tells the Review about the firm’s local knowledge, changes in the housing sector, online competition, Salisbury’s resilience, the market in general and looks to the future.

He said: “Our local knowledge has always been a point of real strength. A significant proportion of staff across both teams has grown up locally. This creates a real love for the place in which they work and a wonderful base of knowledge.

“That intimate understanding of the local area is of paramount importance, but we try to remain outward-facing in all the work we do. We’re small – 30 staff – and our key strength is undoubtedly how well we know our patch, but we recognise just how important it is to keep moving forward and developing all areas of the business.

David added: “The housing sector has changed dramatically over the last few years, as has the way it operates. Specialist firms like us, alongside larger organisations, are coming under threat from the online-only players.

“The younger generation is emerging, and emerging fast, but we believe that people and communication make the difference in delivering successful property transactions. People still like to speak to an agent.

“The generation of new, website-based companies are very IT aware, and we are seeking to emulate those levels of IT standards – but you can’t automate expertise.

“There are more competitors than ever, and we have been adapting our business practices to cope with such a dynamic marketplace. The sector is changing, and we anticipate that good, productive relationships will be more important for our future prosperity than ever.”

He said the tragic events that transpired in Salisbury in March 4 last year were disruptive, in particular for the retail sector in the city centre.

However, Managing Partner Philip Holford, based in Salisbury, believes that those who know the city appear to have been predominantly unfazed by it – with regard to property – and have continued to buy and sell.

Philip said: “This seems to be attitude across both the commercial and residential sectors; people are taking on industrial units, and business is continuing as it was prior, with large-scale city centre residential developments still being constructed.

“External expenditure and investment is still necessary. That said, however, the prospect of a new shopping development in The Maltings, by TH Real Estate and Janus Henderson, does give considerable uplift to those wanting to invest further in Salisbury.

“This is excellent – it shows a kind of silent resilience and solidarity from the people of this great and historic city.”

David added that he believed the future of Myddelton & Major was stable and secure.

“We celebrated our 115th anniversary last year, and while there will undoubtedly be some adversity ahead – both regionally, nationally and internationally – our firm has stood the test of time before. I have no doubt that it will do so again.”

Combining political commentary from leading journalists, with sector-specific insight from Secretaries of State, Ministers and MPs, The Parliamentary Review is an indispensable guide to industry best practice, which demonstrates how sector leaders have responded to challenges in the political and economic environment.

The Review has several editions, each focusing on an individual policy area with the strategic aim of raising standards by highlighting best practice. Myddelton & Major's article can be viewed in full here: https://www.theparliamentaryreview.co.uk/organisations/myddelton-and-major

 

Mortgage business opens in Salisbury

Written by Peter Davison.

13 Castle Street, SalisburyA new business has moved into the former army recruitment centre in Salisbury city centre, after property consultancy Myddelton & Major successfully negotiated a deal for 13 Castle Street.

New tenants are Mortgages Unlimited, and a five-year lease has been agreed on the property.

Quoting rent for the 1,863 sq ft (173.07 sq m) ground floor retail unit with first-floor ancillary space was £17,500 per annum.

Myddelton & Major partner Simon Lee said: “Mortgages Unlimited is a national mortgage and protection broker based in Salisbury and I was delighted to help facilitate the opening of this office.

“It is good to see businesses such as independent financial advisers rubbing shoulders with the many big names in Salisbury’s retail heart as it adds to the rich tapestry of city life.
“Mortgages Unlimited offers a wide range of refinancing services including re-mortgages, purchases, capital raising, buy to let, second charges, self-employed, over 65s and mortgage capacity reports.”

The premises occupy a prominent trading position fronting Castle Street at the junction with Blue Boar Row, Minster Street and Market Walk.

Nearby occupiers include Tesco Metro, ASK, Timpson, Martins, Giggling Squid Restaurant, William Hill and HSBC.

It comprises a ground floor retail unit with a glazed display frontage and customer entrance, together with a large ancillary first-floor sales/storage space.