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!
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.
KBW is instructed to market 45-49 Clarence Street, which is positioned prominently within Cheltenham’s cultural quarter, subject to a lease to The Boston Tea Party Group Limited. Full details available here – 45 49 Clarence Street Cheltenham FINAL
KBW has been instructed to market Unit 9 Pegasus Centre at Gloucester Business Park on a new lease. Further details here – Unit 9 The Pegasus Centre Gloucester Business Park
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.
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.
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.’
Unit 2 325 Bristol Road, Gloucester is available on a new lease. Details here – Unit 2 325 Bristol Road Gloucester
KBW has been instructed to market Unit 6, 22 Morris Road, London. An assignment of the A2 lease is available, with a premium sought to include the lease, fit out and fixtures and fittings. Further details available here – 22 Morris Road London
KBW has successfully agreed the investment purchase of 15-21 Clarence Street, Cheltenham. The property is let to Wetherspoons on a long term lease. Further details here – http://www.gloucestershirelive.co.uk/not-such-a-cheap-round-cheltenham-town-centre-pub-is-sold-for-3million/story-30233293-detail/story.html
KBW has been instructed to market a new lease of the ground floor restaurant accommodation at 108 Winchcombe Street in Cheltenham. Further details available here – 108 Winchcombe Street Cheltenham
Acting on behalf of client The Walker Pritchard Partnership, KBW has agreed terms for a new lease of The Long Barn at Tewkesbury Business Park. The Long Barn is part of the popular Courtyard office development on Severn Drive and is now the new home of tenant CAD-MAN-DO Design and Draughting Solutions.
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.
KBW has been instructed to market Hadley House, Bayshill Road on a new lease. Occupying a prime position on the popular Bayshill Road, the detached office building includes a mixture of open plan and cellular accommodation with the benefit of on site parking. Further details available here – Hadley House Bayshill Road Cheltenham
KBW has been instructed to market restaurant premises at 45 Winchcombe Street, Cheltenham, which is currently undergoing a significant refurbishment. Interested parties can find further information here – 45 Winchcombe Street Cheltenham
KBW has been instructed to market 32 Cambray Place, Cheltenham on a new lease. The shop is situated in close proximity to the town’s High Street where a new John Lewis department store is currently under construction. Further details here – 32 Cambray Place Cheltenham
Unit R1 Kingsditch Trade Park has been let to vehicle body and scratch repair specialist Chips Away. The letting, agreed by KBW on behalf of landlord M&G Real Estate, leaves only one vacant unit on the Cheltenham estate; Unit K. Details for Unit K can be found here – unit-k-kingsditch-trade-park. Please contact Bob Allen for further information.
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.
KBW has been instructed to market Unit 3 Neptune Business Centre on a new lease. Further details here – unit-3-neptune-business-centre
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.
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.
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.
KBW has negotiated a new lease of Unit 24 Malmesbury Road, Cheltenham to Zefyr Consultants on behalf of Antler Property Investments. There are still leasehold opportunities available on Malmesbury Road; further details available here – Malmesbury Road June 2016
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.
KBW has been instructed to market a ground floor office suite in Building A, The Courtyard on Tewkesbury Business Park. The modern, open plan office suite is available on a new lease. Further details here – The Courtyard Tewkesbury Business Park
KBW has been instructed to market Unit C2 Northway Trading Estate on a new lease. Details available here – Unit C2 Northway Trading Estate
KBW has been instructed to market Unit 14 Cheltenham Trade Park to let on a sub lease or assignment basis. Further details here – Unit 14 Cheltenham Trade Park
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.
Following completion of an extensive refurbishment programme, Unit K at Kingsditch Trade Park is available to let on a new lease. Further details here – Unit K Kingsditch Trade Park 2016
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.
KBW has been instructed to market the 2nd Flr of 7 Imperial Square, Cheltenham – Full details available here 7 Imperial Square Cheltenham
KBW has been instructed to market 32 Portland Street. Further details available here – 32 Portland Street, Cheltenham
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.
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.
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.
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.
Campfire Marketing has completed its new lease of the second floor office suite at 49 Promenade, Cheltenham. KBW has been marketing the accommodation on behalf of its client Trust Inns and the completed letting leaves only the third floor suite available. Further details are available here – 49 Promenade new
Having negotiated a new lease of 10 Silverdale Parade, Hucclecote to Papa Johns (GB) Ltd, KBW is instructed to market the freehold investment. Further details here – Silverdale Parade, Hucclecote, Gloucester
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).
The new lease of Unit 4F Delta Drive to European Food Ingredients has now completed. KBW negotiated terms for the letting and continues to market available accommodation on the estate; further details here – Delta Drive 2015 CURRENT
KBW has been instructed to market the ground & first floor office accommodation at Stirling House. Further details here – Stirling House, College Road, Cheltenham
Cable Intelligence has taken a new lease of Unit 1 Shannon Point at Tewkesbury Business Park. Completion means that landlord Cheltine Limited has only one unit available at Shannon Point; see here for further details – Unit 6 Shannon Point
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
KBW is instructed to market the freehold of 2 Hanbury Road, Bargoed, which is let to Coral Racing Limited on a year lease expiring 28th September 2019. Further details here – 2 Hanbury Road Bargoed
Abbey Classic Cars Ltd has completed a new lease of Unit 2 Shannon Point. KBW agreed the deal on behalf of landlord Cheltine Ltd and terms are also agreed for a new lease of Unit 1. Unit 6 remains available on a new lease, further details here – Unit 6 Shannon Point
KBW has been instructed to market 22 Montpellier Walk on a new lease. Further details here – 22 Montpellier Walk Cheltenham
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.
Please use the below links to see our latest disposal instructions;
For further information or to arrange a viewing please contact either Richard Knightley (email@example.com) or Bob Allen (firstname.lastname@example.org).
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.
KBW has been instructed to market the former Centurion Car Sales site at Centurion Services on the A417 between Cheltenham & Cirencester.
Health food company Pulsin’ has taken an additional unit at Brunel Court, now occupying both Units 15 & 16. KBW negotiated the new lease of both units on behalf of client Cheltine Ltd, which now boasts a fully occupied estate.
KBW has been instructed to market the newly refurbished second floor office suite at 101 Promenade. Further details here – 101 Promenade
KBW has negotiated the new lease of Prestbury Village Stores, Cheltenham to Mistry Groceries, which takes on the existing convenience store business.
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).
KBW has been instructed to market 100-102 Prestbury Road. Further details available here – 100 102 Prestbury Road Cheltenham April 2014
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.
KBW has been instructed, jointly with Property Consult, to market Unit 2 Athelney Way. Further details here – Athelney Way Cheltenham
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.
Corinium Carpets has relocated from Unit Y3 to Unit P2 on Kingsditch Trade Park. The move represents a significant expansion for Corinium, who now adjoin retailers Bensons Beds and Evans Cycles. Unit Y3 will now be refurbished ready for marketing. Please contact us for further details.
95 Promenade hosted Insider Invest in Gloucestershire Breakfast on 29th January with over 100 business people attending the event. Agency Director Richard Knightley welcomed attendees to 95 Promenade on behalf of our client Schroders and relayed details of the recently completed office refurbishment and history of the building.
Bence Roofing Supplies, part of Gloucestershire’s leading independent builders merchant, George Bence & Sons, has taken a new lease of Units 4 & 5 Charlton Kings Industrial Estate. KBW agreed the deal on behalf of Yorkshire Building Society. The letting leaves Unit 3 as the only available unit on site. Further details here – Unit 3 Charlton Kings new
KBW has secured the acquisition of 6 Quiet Street, Bath on behalf of independent retailer Sugar Loaf. Quiet Street represents its second store, in addition to the successful Cheltenham branch within Regent Arcade.
Toy shop franchise Ella’s Toys has taken a new lease of Unit FK13 at Regent Arcade. KBW agreed the lease on behalf of landlord Canada Life.
Emsea has taken a new lease of Unit 4E Delta Drive. The letting represents a further deal agreed by KBW on behalf of retained client Berkshire Property Asset Management.
Acting on behalf of Canada Life, KBW has agreed new lettings with Moda Collections (Unit 11) and Calendar Club (Unit 25) as well as negotiating renewals with Elvi (Unit 20) and Old Guys Rule (Unit 49).
KBW has been instructed to market a warehouse unit to the rear of the BP Petrol Station at 80-86 Prestbury Road, Cheltenham. Further details available here – 80 86 Prestbury Road
The final vacant unit at Brunel Court, Waterwells Business Park has been let to Clifton Cameras (www.cliftoncameras.co.uk) . KBW has let the scheme of 7 modern units, along with joint agent Ash & Co, on behalf of Cheltine Limited.
KBW has incorporated a new format for its in house marketing particulars. The fresh new look includes multiple images of each property, maps and GOAD plans. Examples can be seen below;
KBW has been instructed to market Alma House, Rodney Road on a new lease. See here for further details – http://xpp1.caldes.com/property_images/4973/Alma_House_2013_caldes.pdf
KBW and joint agent CBRE have been instructed by Schroder Property Investment Management to market 95 Promenade, Cheltenham. Up to 13,522 sq ft of accommodation is available To Let, which is currently undergoing extensive refurbishment. Further details available here – http://xpp1.caldes.com/property_images/4891/95_Promenade_Prelim.pdf
KBW has successfully acquired 39/40 Fore Street, Trowbridge on behalf of a private retained client.
KBW has been instructed to market 7 Rockfield Business Park, Leckhampton on a new lease. The modern building comprises well specified office accommodation over three floors in a purpose built courtyard development. Further details available here – 7 Rockfield Business Park Leckhampton Cheltenham
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.
KBW has been instructed to market a potential car showroom opportunity in Cheltenham. The subject site is located close to the towns main motor trade dealerships. Contact Bob Allen for further information. CHELTENHAM – Potential car showroom
KBW has successfully acquired 37 Bridge Street, Swindon on behalf of Paddy Power.
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.
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.
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.
KBW attend the 16th International Hotel Investment Forum held in Berlin, Germany.
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.
KBW has been instructed to acquire a freehold industrial premises of 5,000 sq ft in the Gloucestershire area for a private retained client. Please contact Bob Allen for further details of the requirement.
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.
KBW has agreed the sale of 11 Imperial Square, subject to contract. The mixed use building comprises 3no. apartments on ground-second floors, with lower ground floor retail unit.
With our 6th anniversary approaching, KBW is delighted to announce the launch of our brand new company website!
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
KBW has been instructed to dispose of 3 Manor Park Business Centre, Cheltenham, with a guide price of £235,000. Further details available here – http://www.estatesgazette.com/propertylink/advert/mackenzie_way_cheltenham_gl51_9tx-mackenzie_way_cheltenham_gl51_9tx-3440170.htm
KBW has successfully appealed business rates assessments on Imperial Square, representing a number of occupiers.