All the news from Keningtons.
The Swindon office of Keningtons, working with Bond Wolfe, as their appointed local joint agents, have completed the sale of a prominent West Bromwich landmark building which is targeted for future conversion to residential use.
Transport House at 9-17 Victoria Street, is just off West Bromwich High Street and was sold to Newrose Properties Ltd. The property is a four storey building totalling 15,121 sq ft with secure car parking for 35 vehicles to the rear.
The sale price is not disclosed but the property was marketed with an asking price of £1million.
Acting on behalf of LCP Properties, the Swindon office have now concluded the letting of unit B East Wichel, resulting in the local Village Centre in Wichelstowe being fully let. The final arrival is La Beaute Ltd, who are opening their second hair and beauty salon in Swindon. La Beaute join a Co-op convenience store, a dental practice, fish and chip shop and a Brazilian restaurant/coffee shop.
Acting for University and College Union, the Swindon office have advised on the acquisition of new office premises in Enterprise House , Ocean Village , Southampton. The 4th floor suite provides 2,325 sq ft
Jeremy Sutton comments that the search for new office commenced earlier in the year and solicitors were instructed prior to the lockdown. Both parties took a sensible approach during lockdown with an agreement for lease being put in place so that the lease would complete as soon as UCU were able get contractors on site to start their fit out, which has now commenced.
Acting on behalf of Drove Veterinary Hospital, Keningtons have completed the sale of 10 Moredon Road, Swindon. The sale followed the amalgamation of the Moredon Road and Taw Hill surgeries into a brand new facility at Ridgeway Farm last year. Jeremy Sutton comments that there was a good level of interest in the property and despite a ‘wobble’ when we went into lockdown, which resulted in a short re-marketing and re-bidding process , the property was sold at a figure inexcess of the original guide price of £250,000. Dewhurst and Co were joint agent with Keningtons.
The Swindon agency team and London Building Surveying team have worked together to provide Bleckmann Logistics UK Limited with pre acquisition advice on the 186,000 sq ft Distribution facility known as Tornado 186 at Magna Park Lutterworth. The company identified the building themselves and commenced direct negotiations with the developers Gazeley, and then instructed the agency term to review the draft heads of terms and the building surveyors to undertake a building condition survey. The instructions were received early March, with the inspections, which included a drone survey of the roof, being undertaken just prior to the lockdown coming into force.
The agency team continued to liaise with the client and their solicitors having further input on various clauses in the draft lease. Bleckmann have now completed the lease and in the process of undertaking their fit out.