Commercial property

Commercial property news from Swindon and Wiltshire.

Rare opportunity to buy adjoining freeholds in central Swindon

Written by Peter Davison.

Regent Street SwindonThree adjoining freeholds on Swindon's bustling Regent Street have come to the market with commercial property firm Kilpatrick & Co.

They include the iconic 19E Regent Street, which was originally built for house furnisher William H Hunter. The firm's name still adorns the building's upper levels.

The property extends to 5,627 sq ft with frontage display to Regent Street and extensive return frontage to Edgware Road, including full height display windows on ground and first floors. It would readily convert to a restaurant or coffee house, subject to planning.

Its neighbour, 20 Regent Street is a 2/3 storey building of 2,004 sq ft, last occupied by Phones-4-U, with open plan retail sales space on the ground floor and ancillary office and storage on the first floor with toilets and kitchen on the second floor, which could be extended back over the entirety of the first floor and has recently been re-roofed.

And 21/22 Regent Street is a two-storey building of 3,190 sq ft offering open plan retail space on the ground floor and ancillary storage on the 2nd floor. Potentially an additional floor could be added. It has planning consent to convert to a restaurant and to extend to the rear with rear yard providing car parking.

Andrew Kilpatrick of Kilpatrick & Co said: “This is a rare opportunity to buy three adjoining freehold shops in a good location in central Swindon on the edge of the prime pitch and reconfigure the shops to improve layout and possibly extend and convert the upper parts to residential, making use of the rear access.

"The properties are available to buy individually or in combinations from 2,004 sq ft to 10,821 sq ft and with potential extensions could provide over 13,000 sq ft.”

Full details of the three Regent Street properties are available to download at www.kilpatrick-cpc.co.uk

 

New veterinary practice for Chippenham

Written by Peter Davison.

41-42 New Road ChippenhamChippenham is to get a new veterinary practice, following completion of the letting of 41-42 New Road. The property has been let by Huw Thomas Commercial to Chalkland Vets Ltd who are currently fitting out the property and aim to open for business in April 2019.

The owners of the practice, Selina Walters and Phillipa Hunt, are small animal specialists and with more and more houses being built and planned in and around Chippenham, saw the opportunity to set up their new business in the town.

Having been granted planning consent for a change of use on the former office building, the lease was completed in January.

Huw Thomas, of Huw Thomas Commercial, said: "The property is a listed building, so aside from change of use, the vets required listed building consent that took longer than anticipated to obtain, but I’m delighted for Selina and Phillipa that everything is now in place and they can start their exciting new venture.”

The property provides approximately 1,955 sq ft over two floors with an extensive car park at the rear and has been let on a new lease. Work is now underway to provide consulting rooms on the ground floor with office and ancillary space on the first floor.

DHL is first tenant at Swindon warehouse facility

Written by Peter Davison.

Under construction  Ignition SwindonParcel operator DHL has signed a lease on a new 85,000 sq ft warehouse facility in Swindon.

DHL is the first tenant of the new Ignition development being built at Faraday Park by commercial property developer Canmoor.

DHL, which is significantly expanding its operational base in the town, is to significantly expand its operational base in Swindon and has signed a pre-let agreement to lease on Unit 6 Ignition, Faraday Park, Swindon.

Unit 6 forms the largest single warehouse facility available on Canmoor’s Phase One at Ignition. It is expected to be completed by July.

Casey Ferguson of Canmoor said: “Securing DHL on the largest of the Phase One units is a strong indictment of our view that the market in Swindon was in need of some new prime warehousing stock.

"We can also report strong interest in a number of the other Phase One units.”

Paul Whitmarsh of Whitmarsh Lockhart said: “DHL has been looking to secure a larger warehousing facility for their parcel delivery operation for some time.

"It is only with the arrival of the new development that we have been able to provide a unit of a specification that is suitable.

"There remains a shortage of good quality warehousing in our marketplace and Swindon continues to perform well in the warehousing sector.”

The remaining units in Phase One of Ignition will be available for occupation from July 2019 and Phase Two can provide pre-lets of up to 195,000 sq ft.

Joint agents on the scheme are Giles Weir and Ed Cole of Jones Lang LaSalle and Paul Whitmarsh of Whitmarsh Lockhart.

Historic building changes hands

Written by Peter Davison.

Oddfellows Hall High Street TisburyTisbury’s Oddfellows Hall, most recently home to a cycle shop, has a new owner.

Property consultancy Myddelton & Major has successfully negotiated the sale of the historic building which is in a sought-after location in Tisbury High Street.

The building, which has a self-contained three-bedroom flat above a shop, had a quoting price of £275,000 for the freehold with vacant possession.

Myddelton & Major partner Simon Lee said: “This historic building, which was previously a cycle shop with a flat above, has been bought by a private purchaser.

“Originally built as a meeting hall, the Oddfellows Hall has a long and fascinating history and was used as the HQ for the Tisbury Home Guard during World War II.”

The shop has a net sales area of 905 sq ft (84.07 sq m), with 375sq ft (34.84 sq m) of ancillary storage and a separate WC.
The flat above, which is accessed via a separate side entrance, has an entrance hallway, three bedrooms, a bathroom, kitchen and a sitting/dining room.

The detached two-storey building fronts on to the upper end of Tisbury’s High Street, adjoining the Boot Inn, with predominantly residential properties around.

Planning permission granted for new industrial park

Written by Peter Davison.

Trinity ParkPlanning permission has been granted for a new industrial park to the northwest of Swindon.

Swindon Borough Council gave the green light to joint applicants Trebor Developments and Hillwood to erect 78,750 sq ft of warehouse and production units on a five-acre site at Hillmead.

Construction of Trinity Park – which could include either one or two units – will start shortly, with the first units ready to occupy by autumn.

The site is close to Junction 16 of the M4. The M5 is also within easy reach via the A4198 and A419.

The developers say the park would suit manufacturing, distribution occupiers, or would potentially be suitable as a headquarters facility.

CBRE and WBM Property will market the new units.

James Drew of Trebor Developments said: “A well-established industrial and distribution location, Hillmead is ideal for a development like this.

"The units will be thoughtfully designed and set within a landscaped environment, with ample parking for lorries and cars, and we are already having positive discussions with occupiers.”

Top tattoo studio moves into new premises

Written by Peter Davison.

16 Trevello Road - SwindonA tattoo studio voted one of Swindon's top three has moved into new premises at East Wichelstowe.

Established in 2011, Ruby Lou’s Tattoo Studio has moved into the 782 sq ft 16 Trevello Road, previously home to Jessicas Hair & Beauty, in a deal brokered by commercial property agents Kilpatrick & Co.

Daniel Pitt of Kilpatrick & Co said: "As the property was fitted out as a salon it proved ideal to accommodate Ruby Lou’s who have exceptional artistry and talent in their field and we wish them all the very best for the future."

Growing toy firm expands to industrial estate

Written by Peter Davison.

14 Lysander RoadGrowing toy firm Tinytown Playhomes has expanded into new premises in Melksham, in a deal brokered by commercial property agents Kavanaghs.

Tinytown Playhomes, which makes luxury bespoke playhouses, has moved into a 1,345 sq ft unit at Bowerhill Industrial Estate.

The property was let at the asking rent of £10,000 pax on a new three-year lease.

“14 Lysander Road is a valued part of our management portfolio and is a prominently situated open plan industrial unit," said Stephen Brickell, commercial property manager at Kavanaghs.

"Given the shortage of quality industrial stock in the market at the moment we were inundated with enquiries and viewings from a variety of different occupiers.

"The industrial market remains buoyant and there is a shortage of quality stock, so we're very keen to hear from landlords with an empty building or companies hoping to relocate.”

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