All the news from Keningtons.
Acting on behalf of Canynge Bicknell (Investments) Limited, Keningtons are pleased to announce the sale of a 4,525 sq ft two storey office building on the popular Interface Business Park.
The property was in the process of being refurbished when the sale to a Private Pension Fund was agreed. The Trustees of the Pension Fund will now be letting the property to their own company, Joint Operations Limited, a business specialising in Medical Devices which is relocating from the Blagrove area in Swindon.
Keningtons partner, Jeremy Sutton comments “The property, along with the adjoining building became available when the previous tenants lease expired. Canynge Bicknell undertook a comprehensive refurbishment of both units, which included new air conditioning and were rewarded with a sale of unit 11, before the ‘paint was dried’. Unit 10 which is also 4,525 sq ft is now available to either let or purchase.
Richard Forster, a partner in both Joint Operations and the pension fund, commented “we’re excited to be taking root at 11 Interface Business Park. Royal Wootten Bassett is an excellent location for Joint Operations, given its proximity to the motorway network and the skilled local workforce”.
Keningtons and Loveday acted for the vendors and Smethurst Property Consultants acted for the Purchasers.
Our Building Surveying department have been appointed to undertake Reinstatement Cost Assessments to a group of commercial buildings in London and Bristol.
With the latest cost indices and information combined with our insurance knowledge, we are well placed to provide accurate insurance valuations to both commercial and residential buildings.
Jeremy Sutton in our Swindon office reports that office take up in 2018 stood at 107,315 sq ft which despite being below the 10 year annual average was some 24% higher than in 2017. The out of town market again dominated the take up, accounting for some 76% of the total figure.
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Acting on behalf of Swindon Borough Council, the Swindon office have let a lock- up retail unit in the popular retail parade in the Lawns area to, The Puffin Hut, a local e-cigarette and vaping retailer. The shop will be opening after the tenants have completed a comprehensive refurbishment and fit out. This will be the retailers fourth outlet in the Swindon area. Keningtons received instructions to market the property in June and the new lease completed 2 days after the previous lease expired.
Acting on behalf of Carey Commercial Limited the Swindon office have concluded the letting of Unit 4 Callenders, a 5048 sq ft Industrial / warehouse unit to Aspen Concepts. The unit was taken on a new 10 year lease with 5th year tenant break. Callenders is an estate in the Clipstone portfolio managed by Keningtons .