All the news from Keningtons.
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.
The Swindon office are pleased to announce that on acting on behalf of Swindon Borough Council they have completed on the sale of a 0.785 acre development site in Stratton St Margaret, Swindon. The site contains a Grade II Listed Building and benefited from an adopted Development Brief which allowed for the conversion of the Listed Building to a single dwelling and the development of 4 detached dwellings on the remainder of the site. The site was sold on an unconditional basis.
Acting on behalf of Swindon Borough Council, Keningtons are pleased to announce the letting of the retail unit at 1 Faringdon Road, Swindon to the local franchisee of Love Brownies. The lease has been completed and the tenants are now finalising their fit out so that they are ready to start full trading when the lockdown restrictions are lifted. In the meantime they are serving takeaways from the front door whilst observing the social distancing rules. .
The 1068 sq ft retail unit was created as part of the mixed use redevelopment by Swindon Borough Council of the former Citizens Advice Bureau which has seen the upper floors converted to 6 apartments.
Guy Pewter from the Property Management Team becomes a Salaried Partner and Valuation Surveyor Joanna Mathison is promoted to Associate.
Managing Partner, Jill Howells praised the valuable contribution Guy and Joanna have made in their respective fields and to the Firm over the last few years. She said "both are accomplished professionals and we look forward to supporting their continued career development".