Sale completes

Alstone Lane details new

The sale of 60 Alstone Lane has finally completed following a lengthy legal process. KBW agreed the sale on behalf of client Best Western Enterprises, with the building being acquired by a private pension fund.

A whole lot of effort for the half

HalfKBW

A great effort by KBW staff on Sunday, running the Cheltenham Half Marathon for our charity partner Wellchild. Thank you to all of our generous sponsors and congratulations to Richard, Steve, Kev, Bob and Sarah for conquering the course!

KBW attends Air Charter Expo 17

Air Charter Expo

Richard Knightley joined the Operations Team from Gloucestershire Airport yesterday at Air Charter Expo 17 at Biggin Hill to talk to delegates about proposed new hangar, warehouse and office space planned at the airport.

Client lifted by company expansion

Unit 37 Cheltenham Trade Park

KBW has agreed the assignment of its client Cotswold Panel Products’ lease of Unit 37 Cheltenham Trade Park. The lease has been assigned to Carrylift Materials Handling and enables CPP to relocate to its new, larger facility in Evesham.

Team KBW conquer Ride London!

Team KBW conquer Ride London 100

A great effort by Team KBW as Richard Knightley, Steven Wood and Stephen Hemmings successfully completed Ride London 2017!! They were cheered on all the way by our firm’s chosen charity, Wellchild, which laid on a picnic in Green Park afterwards. 150 Wellchild riders took part, raising lots of sponsorship money for the charity.

Lease assignment completes

new details

Former tenant T-MISS Ltd has successfully completed the assignment of its lease of the Former Bakery Stores on High Street, Prestbury. KBW acted for the landlord in approving details for the assignment.

Cheltenham offices secured by high-tec IT firm

Hadley House Bayshill Road

KBW has successfully negotiated a new lease of Hadley House, Bayshill Road. Terms were agreed with the new tenant, cyber security experts Axonex, within days of the property coming to the market. KBW agreed terms on behalf of the landlord, a private pension fund, and also coordinated & managed dilapidation works with the outgoing tenant.

Industrial unit sparks company expansion

Unit 8A Apollo Olympus BP

Rifina Co Ltd, Gloucestershire’s leading independent electrical wholesaler, has completed a new lease of Unit 8A Apollo at Olympus Business Park. KBW agreed terms for the new lease on behalf of the landlord, Best Western Enterprises. The unit in Quedgeley represents Rifina’s fourth unit in the county, adding to depots in Cheltenham, Tewkesbury and Cirencester.

Subway opens branch in Bishops Cleeve

Subway Bishops Cleeve

Subway has completed a lease on a new unit built in Bishops Cleeve, fronting Tesco to the rear of Church Road. KBW acted on behalf of developer Blackwater Securities Ltd in agreeing the terms. A further new unit, currently under construction, is also under offer.

KBW celebrates 10 year anniversary

DSC_0150          DSC_0483

DSC_0161          DSC_0241

KBW Chartered Surveyors celebrated its 10 year anniversary with a night of fun and entertainment at Pittville Pump Room.

 

Around 150 guests from local and national firms enjoyed drinks and canapes and a fun casino, which raised a lot of money on the night for the firm’s charity partner, Wellchild. Like KBW, Wellchild works nationally but has its head office in Cheltenham. Prizes were awarded for the top three players.

 

Guests were entertained by live music from local rock and pop covers band, The Chip Shop Boys.

 

Richard Knightley, one of the Senior Directors at KBW, said ‘We have enjoyed a very successful first 10 years thanks to our valued and loyal clients, hardworking staff and supportive families. It is great that so many were able to join us to share in celebrating this milestone.’

Pirates drop anchor at Neptune Business Centre

unit-3-nbc-details

Recording studios venue Pirate Studios has completed its new lease of Unit 3 Neptune Business Centre, Cheltenham, expanding its UK locations to eleven. Savills acted for Pirate Studios whilst KBW agreed terms on behalf of its retained landlord client Head Ruddy Ltd.

New unit To Let for aviation use @ Glos Airport

SE21          SE21 elevation

SE21 internal (2)          SE21 internal

KBW is pleased to offer a new 12,500 sq ft warehouse unit To Let at Gloucestershire Airport, Staverton. A new lease is available to operators within the aviation industry. Please contact Richard Knightley for further information (richard.knightley@kbw.co.uk)

Convenience store to relocate following unit sale

KLC4 Nov 2015

KBW has agreed the sale of Units 6 & 7 Kingsway Local Centre to the owner and proprietor of the convenience store in the adjoining Unit 5. The convenience store will move next door into Units 6 & 7, with a self service launderette added to Unit 5. KBW agreed the sale on behalf of developer Robert Hitchins.

Former Money Shop premises re let

66-high-street

After successfully agreeing a surrender of the previous lease to The Money Shop on behalf of the landlord, KBW has agreed terms for a new lease of the ground floor retail unit at 64-66 High Street, Cheltenham. The new tenant is Black Gold Cafe Limited.

Sale completes 8 days after viewing!

unit-g1-front-details

The sale of Unit G1 Northway Trading Estate has completed just 8 days after the purchaser’s initial viewing of the property. Having viewed on 12th December 2016, a swift completion process was finalised on 20th December 2016. KBW agreed the sale on behalf of vendor Edmund Estates Limited.

Letting of refurbished unit completes

details-new trade-front warehouse-2 warehouse

The new lease of Unit G3 Northway Trading Estate, Tewkesbury has completed following an extensive refurbishment of the unit undertaken by the landlord Edmund Estates. The previous tenant vacated earlier this year and Edmund Estates took the opportunity to refurbish and reconfigure the accommodation prior to re marketing. KBW agreed terms with Oberthur Technologies UK Ltd for the new lease on behalf of the landlord.

Seasalt opens in Regent Arcade

seasalt

Regent Arcade Shopping Centre in Cheltenham has welcomed its latest retailer to the scheme, Seasalt. The Cornish clothing and accessories brand has taken a lease of Unit 20 for its ‘pop up sale shop’, which KBW agreed on behalf of landlord Canada Life.

KBW cleared for take-off

GAL Press release

KBW Chartered Surveyors has been appointed as property advisors to Gloucestershire Airport.

KBW will provide strategic estate and development advice to the airport from its Cheltenham office. It will be responsible for the full range of property services at the Staverton site, including commercial property management, landlord and tenant services, building consultancy and commercial agency services.

KBW was awarded the contract in August, following a competitive tendering process against tough opposition.

Mark Ryan, Managing Director of Gloucestershire Airport, said: “Gloucestershire Airport is delighted to announce that KBW has been appointed as advisors to the airport, following a robust tendering process. KBW will provide professional support to a growing part of the business by helping the airport in areas of strategic estate management, operational commercial property management and development.

“The airport has seen a significant transformation in recent years, with a number of important improvements to buildings and facilities on offer. Property plays an important part in the overall business plan and has a key role to play in the success of the airport. This is a really exciting time for the airport and we are delighted to be working with KBW in helping us deliver our property portfolio.”

Kevin Allen, KBW’s lead client contact for the airport, said: “Whilst KBW provides specialist property services to clients throughout the UK, we have a strong presence in Gloucestershire. This makes it even more rewarding to be successful in securing this prestigious instruction at one of the county’s landmark locations. Mark Ryan leads the excellent Gloucestershire Airport team in the management of the UK’s busiest general aviation airport. It is fantastic that KBW can be a part of that and we look forward to helping the airport achieve its exciting future goals.”

Gloucestershire Airport recently celebrated its 80th birthday and KBW is approaching its 10 year anniversary in spring 2017.

Character Office Building To Let – Tewkesbury

The Long Barn

Please find attached link for particulars for The Long Barn within a popular office development at Tewkesbury Business Park – the-long-barn-tewkesbury-business-park

The Courtyard provides both an attractive working environment and strategic position adjacent to J9 of the M5. The Long Barn provides 864 sq ft and is available on a new lease for a term of years to be agreed. Please contact either Bob Allen or Richard Knightley should you wish to discuss further or arrange a viewing.

Sale of Cheltenham industrial site completes

Athelney Way

The sale of a pair of industrial units within a gated yard on Athelney Way has completed. The site was part income producing, with a lease of Unit 1 recently renewed to KL Engineering. Unit 2 is vacant following the recent expiry of a lease to CEF. The site has been purchased by an investor and the sale was agreed by KBW on behalf of a private client.

Malmesbury Road leasing success continues

Unit 22 Malmesbury Road

The recently completed lease of Unit 24 Malmesbury Road has been followed by completion of a new lease to Premium Trading & Recycling on Unit 22. KBW has also agreed terms on Unit 17 on the same estate which is due to complete in September.

Trampoline centre bounces into Cheltenham

Cotswold Fabric Warehouse

Acting on behalf of the landlord, KBW has successfully negotiated a new lease of the former Cotswold Fabric Warehouse unit on Tewkesbury Road to trampoline centre Jumpstar. Jumpstar has secured a change of use on the unit and will be commencing its substantial fit out shortly.

Full occupancy retained at Brunel Court

Unit 11 Brunel Court

KBW has agreed a new lease of Unit 11 Brunel Court to Pulsin Ltd to facilitate its expansion at the Waterwells Business Park site. Pulsin has taken a new lease of Unit 11, simultaneous with expiry of the previous lease to secure continued occupation of the unit with no void period.

Gloucester site sale completes

Alvin Street

Acting on behalf of Gardiner Shoes, KBW has successfully negotiated a sale of 1-11 Alvin Street, Gloucester. The site became surplus to Gardiner’s requirements when it relocated to purpose built warehouse units at Quedgeley. The Alvin Street site has been purchased by a Cheltenham based printing firm.

New tenant secured for Grade II listed restaurant premises

73 Church Street

KBW has agreed a new lease of 73 Church Street, Tewkesbury on behalf of a private client. The grade II listed property provides restaurant accommodation at ground floor with two residential apartments on the upper floors. The new lease has been taken by the proprietors of the Hunters Inn, who will continue to run the Longden based public house in addition to no.73.

KBW launches new Property Search page

Property Search

KBW has introduced a new dynamic Property Search page to its website. The user friendly search facility enables applicants to navigate through our portfolio of available properties. Property Search is located within the tool bar at the top of the website.

New lease to Capitol Tiles completes at KTP

Unit Y3

One of the country’s leading tile distributors, Capitol Tiles, has become the latest tenant to join the impressive line up at Kingsditch Trade Park, Cheltenham. Capitol Tiles has completed a new lease of Unit Y3, occupying a prominent position fronting the busy Kingsditch Lane. KBW agreed the letting on behalf of landlord M&G Real Estate.

Nominal void period as new lease completes

Cambray Place

KBW has secured the letting of the upper floor offices at 32 Cambray Place, Cheltenham. The previous lease expired on 24th December 2015, with the new lease completing on 8th January 2016, resulting in the landlord only experiencing a nominal void period of 2 weeks between leases. The new lease has been taken by therapeutic consultation specialist The Practice Rooms. The facility will represent its 6th centre throughout the South West.

Two new leases completed at town centre property

17 Pittville Street          17 Pittville St int

New leases of both the ground floor & basement retail unit and self contained upper floor offices have been completed at 17 Pittville Street, Cheltenham. KBW agreed terms with Countrywide Plc for a new lease of the first and second floor offices following expiry of its lease of the entire building. Simultaneously, a new lease of the retail unit was agreed with Grape Tree to enable its relocation from The Beechwood Arcade. In addition to agreeing terms for the new leases, KBW also prepared and oversaw a schedule of dilapidations works which were undertaken by Countrywide Plc.

Papa Johns investment sale completes

Silverdale Parade

Having secured a new lease of 10 Silverdale Parade to Papa Johns in October 2015, KBW has agreed a sale of the property to a local investor. The sale price represents a net initial yield of approx 5.99% after purchasers costs at 2.8%. KBW acted on behalf of Betfred.

Lease surrender removes liability for client

Riga Wharf

KBW has successfully negotiated the surrender of its client’s lease of Unit 2B Riga Wharf, Gloucester. Chris Mullins Tyres had relocated into a nearby unit to facilitate a business expansion, with its Riga Wharf unit becoming surplus to requirements. Following a marketing campaign, KBW identified a party which was able to agree terms for a new lease directly with the landlord, thus enabling CMT to surrender its lease with a little over 2 years liability remaining.

Further letting at KTP

Unit V1 Kingsville Road

Mainpoint Fire Protection and The Schoolwear Company have taken a new lease of Unit V1 at Kingsditch Trade Park. The 4,800 sq ft unit will enable both firms to relocate from the nearby Lansdown Industrial Estate.

Three new lettings at Regent Arcade

Regent Arcade May 2014

KBW has agreed three new leases at Regent Arcade on behalf of client Canada Life. Established ladies fashion retailer, Love It is relocating from Beechwood Arcade into Unit 19, with Intrigue of Stroud, retailing clothes & gifts, taking a new lease of Unit F9. Existing tenant Toys to Grow has taken a new lease of Unit FK24 adjacent to The Bridge Link Cafe.

New tenants welcomed at Cheltenham industrial estates

Unit 2 Charlton Kings I.E           Unit I Churchill Industrial Estate

Two Cheltenham industrial estates have welcomed new tenants following completed leases. Pooky Lighting has secured the remaining unit at Charlton Kings Industrial Estate, with Elec Excel Building Services completing its lease of Unit I at Churchill Industrial Estate. KBW agreed the lettings on behalf of clients YBS (Charlton Kings I.E) and Cavendish Homes (Churchill).

Significant letting at Westmoreland House

Westmoreland House new

Environmental services company Urbaser has completed its lease of a suite on the first floor at Westmoreland House in Cheltenham. At approx 6,170 sq ft, the accommodation represents the largest suite in the multi-let office building. KBW agreed terms for the letting on behalf of client YBS.

New recruits at KBW

Stephen Hemmings

KBW has expanded its Cheltenham office with two new appointments. Associate Director Stephen Hemmings joins the Professional Services team  from Countrywide PLC, with Holly Tamlyn joining as Office Administrator.

Bargoed investment sold

Hanbury Road Bargoed

Noroc Estates Limited has purchased 2 Hanbury Road, Bargoed, which is let to Coral Racing Limited at a rent of £11,250 pax. The investment was purchased for £130,000, showing an initial yield of 8.4% after purchasers costs of 2.8%.

HESA expands within 95 Promenade

95 Promenade caldes

Higher Education Statistics Agency (HESA) has expanded within 95 Promenade, Cheltenham. It now occupies the whole ground and first floors of the prestigious, town centre office building.

New gym to open on Malmesbury Road

Unit 14 Malmesbury Road new

3D Fitness Limited will open a new gym in Cheltenham after completing its lease of Unit 14 Malmesbury Road following a successful change of use planning application. KBW agreed terms for the new lease on behalf of Antler Property Investment. Several smaller units remain available To Let on Malmesbury Road, with further details available here – Malmesbury Road 2015

Packaging company secures relocation

Unit 3 Charlton Kings          Unit 3 Charlton Kings

CB Creative Packaging Limited has completed its relocation to Charlton Kings Industrial Estate from The Runnings in Cheltenham. KBW agreed terms on behalf of landlord Yorkshire Building Society.

Office occupier expands at Stamford House

Stamford House

Templewood Group has taken the second floor suite within Stamford House, Regent Street for its cleaning services company. Its security business already occupies the first floor. The third floor is now the only vacant floor remaining in the building.

Leases complete on several central office suites

1 Imperial Square           Stamford House

KBW has agreed leases on the 2nd floor of 1 Imperial Square and both the ground and first floors at Stamford House, Regent Street. Hayward Associates has moved into 1 Imperial Square and Revolve Studios has expanded into the ground floor at Stamford House, having taken a lease of the lower ground floor last year. Templewood has taken the first floor suite at Stamford House, where now only second and third floors remain vacant.

Three promotions at KBW!

Promotions Promotions

Three surveyors at KBW Chartered Surveyors are celebrating after being given promotion.

Kevin Allen has been promoted to Associate Director and both Bob Allen and Chris Furze have been promoted to Principal Surveyor.

 

 

Full occupancy at Churchill Industrial Estate

Greenoak Building Services is the latest tenant to take occupancy at Churchill Industrial Estate in Cheltenham. The Leckhampton estate continues to prove popular with a variety of companies and provides a mix of good quality secondhand warehousing and modern two storey business units. KBW represent landlord Cavendish Homes.

New and existing retailers commit to Regent Arcade

Regent Arcade May 2014

Two existing tenants within Cheltenham’s premier shopping centre have committed to longer leases within the scheme. KBW has agreed new leases with Sugarloaf (Unit 27) and Time Watch (Unit K1) on behalf of Canada Life. Having been in occupation on a flexible basis, Sugarloaf has committed to a new 5 year lease and will be undertaking a full shop refit shortly. Time Watch has re geared its existing lease to also commit to 5 years. They are joined by Quest (Unit 44), which has opened its fourth shop in the southwest, on a new 10 year lease with tenant break option at year 5 and temporary occupier Arts & Crafts Collections (Unit 22).

Residential development site sold

With the benefit of planning consent for 11 dwellings, 88 Prestbury Road, Cheltenham has been sold by KBW, acting on behalf of retained client Cheltine. Cotswold Homes purchased the site and construction of its ‘Prestbury Mews’ scheme has commenced.

Influx of new tenants at Cheltenham office building

Normandy House

Office building Normandy House on Cheltenham’s High Street has experienced an influx of new tenants over recent months including Cheltenham Fine Art School, 360 Health & Fitness and Cheltenham Reflexology & Massage. KBW has been assisting owner Beam Construction with securing tenants for the building, which Beam also occupies as its head office.

High Street lease completes

Cheltenham Chinese Medic Centre, specialising in herbal remedies and acupuncture,  has taken a new lease of 88 High Street, Cheltenham. KBW agreed terms on behalf of the landlord.

Abercrombie & Kent expands within St Georges House

Luxury travel operator Abercrombie & Kent has expanded its Cheltenham office in St Georges House by taking a new lease of the first, second and third floors. KBW negotiated the lease on behalf of Helix Property Advisors, which has seen A & K take a further 6,700 sq ft on the first floor.

New occupier at Neptune Business Centre

Gloucestershire’s leading flooring specialists, The Winnen Furnishing Company, has completed a new lease of Unit 18 Neptune Business Centre. KBW agreed the letting on behalf of retained client Head Ruddy Partnership. Units 1,3 & 8 remain available to let on flexible terms.

Rent review agreed with Space NK

KBW has negotiated agreement of a 5 yearly rent review with Space NK for its shop on Promenade in Cheltenham. The rent was increased by 24%. KBW acted for the landlord, Cheltine Limited.

Greengrocer sprouts up on Bridge Street

Bridge Street Evesham

KBW has acquired 36 Bridge Street, Evesham on behalf of The Evesham Greengrocer. A Schedule of Condition limiting the client’s repair/reinstatement obligations and a list of landlords works to be undertaken prior to completion were agreed following a pre acquisition survey completed by KBW.

Office building sold in central Cheltenham

The sale of 11/12 Bath Street, Cheltenham has completed following the grant of planning consent to convert the vacant offices to residential use. The sale follows the disposal of 10 Bath Street, which was concluded earlier this year. Both sales were agreed by KBW on behalf of Kerguelen Investments.

Occupier expands at Brunel Court, Gloucester

Röchling Engineering Plastics (UK) Limited has taken a new lease of Unit 11 Brunel Court at Waterwells Business Park, Gloucester, in addition to their lease on the adjoining Unit 10. A letting of Unit 12 is currently being finalised to another occupier, which will result in a fully let estate.

Evans Cycles rides into Cheltenham

         

National cycle retailer Evans Cycles has taken a new lease of Unit P4 Kingsditch Lane. KBW agreed terms on behalf of Prupim, continuing a recent run of success on the scheme, following lettings to Granite Transformations, National Plastics and Bon Catering Supplies over recent months.

         

New railings for prestigious Imperial Gardens

KBW has obtained planning and listed building consent to reinstate railings to the perimeter of Imperial Gardens in Cheltenham on behalf of our Client the Friends of Imperial Square Heritage and Conservation.  The original railings were scrapped and recycled in 1940 as part of the war effort.

10 lettings in 12 months for BAM

Orchard Catering has taken a new lease of Unit 5J Delta Drive, Tewkesbury Business Park. Completion of the letting marks the tenth deal that KBW has completed on behalf of client Berkshire Property Asset Management (BAM) over the past 12 months. Deals have included 7 new lettings at Delta Drive, 2 units at Goodridge Avenue, Gloucester and Unit 17 Malmesbury Road, Cheltenham.

Chris Furze promoted to Senior Surveyor

Chris Furze of KBW’s Professional Services team has been promoted to Senior Surveyor.  Chris joined KBW in 2010 and specialises in lease consultancy and business rates, working nationally for landlords and tenants.

Investment sale of mixed use building completes

KBW has completed the sale of 11 Imperial Square, Cheltenham on behalf of administrators BDO LLP. The four storey grade II listed property comprises a lower ground floor retail unit and 3 no. two bedroom apartments on the upper floors. The retail unit and two of the three flats were income producing.

Central office building sold

KBW has completed the sale of part of Spa Court, Bath Street to Cheltenham Mediation Services. Building regulations approval was secured to subdivide Spa Court, which resulted in 10 Bath Street being sold separately providing a 2,126 sq ft self contained office building. The remainder of Spa Court has been sold subject to planning.

Further letting success in Tewkesbury

EG Carter & Co have taken a new lease of Unit 1 Shannon Point in addition to lettings of three units at Delta Drive Industrial Estate. Vehicle modification specialists Volkwrecks have secured Units 4G & 4H Delta Drive, with heating firm Chilly Heat taking Unit 5H. KBW acted for Cheltine Ltd at Shannon Point and Berkshire Property Asset Management at Delta Drive.

New gallery to open on Rotunda Terrace, Cheltenham

KBW has completed the letting of 4 Rotunda Terrace on behalf of Townease Ltd. The new tenant, The Paragon Gallery, is due to open 8th March 2013. The letting was completed simultaneously with the expiry of the previous tenant’s lease, resulting in no void period for our client.

Out of town office letting

KBW has completed the letting of Bramery House to Turning Point on behalf of retained client The Minton Group. Turning Point has taken a 5 year lease, subject to tenant break clauses on the 3rd & 4th anniversaries and will use the self contained office building as an advisory clinic for substance misuse.

For Sale – Residential Development Sites

KBW is marketing two residential development sites (Alma Road & Prestbury Road) in Cheltenham on behalf of a retained client. The site on Alma Road in Hatherley has consent for 4no. houses and 4 no. apartments, with a deadline of 12 noon on 22nd February 2013 for offers. The site on Prestbury Road has consent for 11no. houses.

Unit available on popular Cheltenham industrial estate

Unit 1, totalling approx 4,450 sq ft, is available To Let on Cheltenham’s largest modern industrial development, Neptune Business Centre. The unit represents the only current opportunity to lease a unit in this sought after location. Further information from joint agents KBW and Ash & Co.

Permitted Development – Commercial to Residential

The government has unveiled its plans to breath life back into under utilised office buildings by introducing “permitted development rights” which will permit conversion to residential use, subject to a number of conditions.

In a statement released by Eric Pickles, Secretary of State for Communities and Local Government, the main aim of the plans is to encourage ‘a swift and responsive planning system’ to facilitate growth and deliver sustainable development. The plans will run for a period of 3 years from Spring 2013 and will allow a change of use from B1(a) offices to C3 residential.

It also recognises that there may be exemptions for localities with exceptional circumstances although Pickles explains that these authorities will need to ‘demonstrate clearly that the introduction of these new permitted development rights in a particular local area will lead to (a) the loss of a nationally significant area of economic activity or (b) substantial adverse economic consequences at the local authority level which are not offset by the positive benefits the new rights would bring.”

Parliament will have the opportunity to review the benefits of the plans at the end of the initial 3 year period and extend the policy further should it be deemed to have been a success.

You can access this link to the Department for Communities and Local Government website for further information –https://www.gov.uk/government/news/planning-measures-will-make-best-use-of-underused-buildings-for-providing-new-homes