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One of Swindon’s largest vacant out of town office buildings has been sold with the benefit of Permitted Development for the conversion to 100 apartments.
Acting on behalf of a private property company and their asset managers, Keningtons assisted with the sale of the 67,000 sq ft Quadrant building at Westlea, Swindon having been marketing the property for pre lets for an office refurbishment.
Jeremy Sutton Partner at Keningtons comments, “The property became available early in 2016 when the owners completed a surrender of the previous lease with the intention being to seek pre lets for a bespoke office refurbishment. Although some early tenant interest was generated, the uncertainty caused by the referendum during the first half of the year meant tenants were not in a position to enter serious negotiations or commit to a pre let on part or all of the building. In order to keep all options open, the owners applied for Permitted Development and although not formally marketed for sale with PD, an off market opportunity arose and the sale completed in December”.
Acting on behalf of Dolby Properties, Keningtons are pleased to announce that they have sold Plot 3 at Interface Business Park to White Pennant Ltd, the holding company of rapidly expanding firm Neptune.
The 3.34 acre site is the last undeveloped plot at Interface and White Pennant have purchased to develop for their own occupation.
Jeremy Sutton of Keningtons comments “Dolby who have been major occupiers at Interface for a number of years and still occupy some 18,000 sq ft in Portland House made a strategic purchase of Plot 3 a number of years ago but the site become surplus to requirements following a review of their worldwide property portfolio”.
Giles Redman , Managing Director of Neptune adds “ The site at Interface is ideal for our continuing expansion and was the closest available freehold site to our exiting premises at Blagrove, just the other side of J16 of the M4. We will be submitting a detailed planning application in due course”.
Acting on behalf of the Drove Veterinary practice, Keningtons are pleased to announce that they have taken a new lease on 5 Borough Fields, the main shopping centre in Royal Wootton Bassett.
Jeremy Sutton, Partner at Keningtons comments “ Drove have been looking for some time to relocate their Wootton Bassett Practice to a more central location and you cannot get much more central than a facility in Borough Fields, adjacent to Peacocks and opposite the TSB. The 500 sq ft property has been taken on a new 10 year lease with 5th year break option.”
Lynne Gaskarth, Partner at Drove adds “We will now be undertaking our fit out to provide the consulting room, operating and shop area, and plan to open the new practice in March 2017.”
Keningtons LLP represented Drove Veterinary Hospital and Hartnell Taylor Cook acted for the landlords at Borough Fields, Sainsbury’s Supermarkets Ltd.
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