The sale of 28 High Street Evesham has completed. A local private property investor has bought the building, which KBW sold on behalf of client Cheltine Limited
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.
Gloucester based e-cigarette shop Vape Bros has expanded into Cheltenham after completing a new lease on 1A Portland Street. KBW agreed lease terms on behalf of the landlord.
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!
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.
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.
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
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.
Following receipt of planning consent for a revised residential redevelopment scheme, KBW has successfully negotiated the sale of a site on Alma Road in Cheltenham. The site has been purchased by Cotswold Homes.
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.
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 has successfully acquired Unit 11 Ashchurch Industrial Estate on behalf of its client Swan Lane Engineering.
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.’
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.
Unit 2 325 Bristol Road, Gloucester is available on a new lease. Details here – Unit 2 325 Bristol Road Gloucester
KBW has negotiated the sale of Unit 5 Tewkesbury Road, Cheltenham, subject to the lease to Jumpstar (Cheltenham) Ltd which trades as Airborne Trampoline Park.
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 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 (email@example.com)
KBW has agreed an assignment of its client Evans Cycles’ lease of A1/A2 The Biscuit Factory, Bermondsey. Following a marketing campaign that generating significant interest in the property, the lease has been assigned to Rico Logistics.
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
KBW has agreed a sale of 23/24 High Street on behalf of its client Cheltine. The property was sold subject to a lease of the ground floor and basement to Alexander Burn Funeral Directors.
KBW has agreed terms with Rapid Response Ambulance Services for a new lease of Units 21 & 22 Malmesbury Road, Cheltenham, securing a fully let estate for its client.
KBW has successfully acquired the Old Post Office building at Colesbourne on behalf of client Home Instead. Home Instead has relocated its offices from the Ullenwood Estate following a comprehensive acquisition search.
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.
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.
Established magazine publisher The Local Answer has taken a new lease of Unit I Churchill Industrial Estate, enabling it to vacate Ullenwood Court. KBW agreed terms on behalf of landlord Cavendish Homes ensuring that occupancy levels remain at 100% on the Leckhampton estate.
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.
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.
Healthy eating cafe Kindness & Co is set to open its doors in Cheltenham after completing its new lease of 38 Clarence Street. KBW agreed terms for the new lease on behalf on landlord Fullers.
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.
Property management specialist HML Andertons has taken a new lease of the ground floor office suite at 1 Manor Park Business Centre. KBW acted for landlord The Pentwin Group, which occupies the first floor having purchased the property in 2014.
KBW has successfully negotiated a new lease of 68-70 Suffolk Road on behalf of the landlord. The new tenant ECCTIS Ltd has taken a new 10 year lease following a programme of landlord’s works, managed and tendered by KBW’s building consultancy team.
Following completion of yet another letting at Malmesbury Road, Cheltenham, the newly refurbished Unit 21 represents the only available unit on the scheme. The Unit 17 letting to Rowan Food & Biomass Engineering followed recent deals on Units 22 and 24.
KBW has agreed a rent review with White Stuff for its shop on Promenade in Cheltenham. KBW acted for the landlord, Cheltine Limited.
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.
A new lease of Unit C2 Northway Trading Estate has completed. KBW agreed terms on behalf of the landlord with RP Motors.
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.
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.
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
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.
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.
Unit 5F Delta Drive Industrial Estate has been let to The Furniture Recycling Project after KBW agreed terms on behalf of the landlord.
KBW has secured a new tenant for 1 Grosvenor Terrace in Cheltenham, which will continue its long established use as a butchers shop.
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.
The new lease of Units A1 & A2 Goodridge Avenue to Dutypoint has completed, with KBW agreeing the letting on behalf of the landlord. The units extend to approx 11,500 sq ft on a secure fenced site.
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
The investment purchase of the new Sainsburys Local store on Cirencester Road has been completed after KBW agreed terms on behalf of a retained client. KBW also undertook technical due diligence on the construction of the store prior to completion of the purchase.
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.
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.
The purchase of the former Vibixa site off Runnings Road in Cheltenham has been completed after KBW agreed terms on behalf of purchaser Supergroup.
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.
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.
Retailer Tiger has taken a new lease of the third floor office suite at Stamford House, Regent Street, resulting in full occupancy of the building for landlord Canada Life. Tiger occupies a prominent position within Regent Arcade and was keen to secure an administrative base nearby.
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.
KBW has negotiated the surrender of its client’s lease at 4 Pittville Street, Cheltenham. The landlord has agreed a new lease with Longfield, simultaneously with the surrender.
A new lease of Unit 16 Malmesbury Road has been completed, with Jamie Knight Carpentry & Joinery relocating from Space Business Centre. KBW has also agreed a deal on Unit 21 Malmesbury Road, which is currently in solicitor’s hands.
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.
Pink Sky Ltd has completed its new lease of 10 Bath Mews. KBW agreed the deal on behalf of a private client.
Delivery company Nationwide Express Services/APC has secured a new lease of Unit R2 at Kingsditch Trade Park. KBW agreed terms for the letting on behalf of landlord M&G Real Estate.
KBW has secured a letting of the former Cheltenham Commercial Vehicles site on the Golden Valley roundabout to Skanska. The completed lease secures full occupancy of the site, with Easymix and Keltruck occupying the remainder.
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
Unit 6 Churchill Industrial Estate, Leckhampton has been let to Peak Hire Limited. KBW & joint agent Noyes Lewis Commercial Property acted on behalf of landlord Cavendish Homes. The completed letting means the estate is once again at full occupancy.
KBW has secured full occupancy for its client YBS by agreeing terms on the final office suite available at Westmoreland House. Following on from the recent letting to Urbaser, the remaining ground floor suite has been taken by Kate & Toms Ltd.
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
KBW has been awarded second place in the Estates Gazette Most Active Agent competition for Gloucestershire.
KBW has successfully negotiated the early surrender of Leaders’ lease at 1/1A Queens Circus, Cheltenham. A marketing campaign identified a tenant which has agreed terms for a new lease direct from the landlord.
Modern office building Midway House, at Staverton Technology Park, has been sold. KBW agreed the sale on behalf of a private client.
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).
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.
An investor has purchased Unit 5 at Kingsway Local Centre, Quedgeley, having agreed a new lease of the premises with an off licence operator. KBW agreed terms for the sale on behalf of Robert Hitchins.
Brunel Court at Waterwells Business Park, Gloucester remains fully let following completed lettings to both SN Engineering & Pulsin. The former has expanded into Unit 10, with Pulsin taking a new lease which incorporates Unit 14 in addition to Units 15 & 16.
KBW has negotiated the purchase of an industrial investment on Chosen View Road, Cheltenham. The headlease to Renew Holdings expires in 2020, with the unit sublet to County Building Supplies.
KBW has secured the letting of the final vacant office suite at 95 Promenade, Cheltenham. Recruitment specialist Brook Street has taken a lease of the lower ground floor, totaling approx 1,140 sq ft.
Anneli Dance school has taken a new lease of Unit U Kingsville Road to expand its studio on Kingsditch Trade Park. Anneli now occupies both Units U & U1, totalling approx 4,800 sq ft.
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.
The sale of Alma House, Rodney Road has completed. The building, formerly occupied by This England Publishing, was sold to a Gloucester based company which has already commenced refurbishment.
Magnet will open its latest kitchen showroom at Kingsditch Trade Park, Cheltenham following completion of its lease of Unit L Runnings Road.
On behalf of landlord Cheltine Ltd, KBW has agreed a new lease of the retail accommodation at 28 High Street, Evesham to adjoining occupier Birdseye Sports.
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%.
The sale of 17 Rodney Road, Cheltenham has completed. A private individual has purchased the building with a view to obtaining consent for conversion to residential use. KBW acted on behalf of client Keep In Touch Ltd.
Acting on behalf of a private landlord client, KBW has negotiated a new lease of 22 Montpellier Walk to Blake’s Barbers, which is aiming to open its doors mid-July.
HSS has joined fellow national operators at Cheltenham’s premier trade counter destination, Kingsditch Trade Park. Its completed a new lease of Unit M, following a lengthy absence from the town.
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
Tyre and exhaust specialist Chris Mullins Tyres has completed a new lease of Unit 1, 325 Bristol Road, Gloucester. The letting has once again secured full occupancy on the estate for landlord Cheltine Limited
Acting on behalf of a private client, KBW has agreed the sale of Unit 5 Haven Works, Tewkesbury Road, Cheltenham. The unit has been purchased by Original Style Holdings.
Alexander Burn Funeral Directors has completed its new lease of 23/24 High Street, Tewkesbury. KBW negotiated terms on behalf of landlord Cheltine Ltd.
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
51 Promenade, Cheltenham has been sold to Simon Burn Solicitors.
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.
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
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.
Hatherley Worktops has taken a new lease of Units 18,19 & 20 Malmesbury Road, totaling approx 5,033 sq ft. KBW acted on behalf of Alpha Property Investments.
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.
KBW has agreed the letting of Unit 5G Delta Drive Industrial Estate, Tewkesbury to Art Marquees Limited.
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
Independent book shop, The Suffolk Anthology, has taken a new lease of 17 Suffolk Parade, Cheltenham. KBW agreed the deal on behalf of landlord Cheltine Ltd.
Unit I The Bramery Business Centre has been let to RJN Furniture. KBW acted on behalf of landlord Minton Group.
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 and joint auctioneer Barnett Ross have completed the sale of 48 High Street, Haverfordwest. The property is let to Done Brothers (Cash Betting) Ltd t/a Betfred on a lease expiring in March 2018.
Distributor of motorcycle helmets, boots and accessories, Helmet City has completed its new lease of Unit O Kingsditch Trade Park. KBW negotiated the letting on behalf of M&G Real Estate.
A new lease of Unit 7 Manchester Park, has secured full occupancy at the Cheltenham business park for the first time in many years. KBW agreed terms with D2M Innovation Ltd on behalf of its private client.
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.
The majority of the vacant second floor offices at 95 Promenade has been let. A new occupier has completed a lease of approx 5,375 sq ft, leaving approx 3,000 sq ft available.
Please use the below links to see our latest disposal instructions;
Ground Floor 1 Manor Park
Unit 1 325 Bristol Road
Queens Circus 1 1A Montpellier Cheltenham
Unit Y3 Kingsditch Trade Park, Cheltenham
Local Centre Brochure
For further information or to arrange a viewing please contact either Richard Knightley (firstname.lastname@example.org) or Bob Allen (email@example.com).
KBW has advised LRS on its relocation to the 4th Floor at Festival House, acting as tenant’s representative in respect of the bespoke fit out works.
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.
The Waxing Bar has taken a new lease of the second floor office suite at 101 Promenade, Cheltenham. KBW agreed the letting on behalf of JRC Property Holdings Ltd.
KBW has completed the sale of 60 Alstone Lane, Cheltenham, which is let to Torque Control Limited. The building was purchased by Best Western Enterprises.
KBW has secured two new tenants for Canada Life at Regent Arcade, Cheltenham. Calendar Club has taken a new lease of Unit 37 and VOMM FASS has commenced trading from Unit 22.
Acting for the landlord, KBW has negotiated a new lease of offices at 4 Imperial Square to global insurance specialist Bellwood Prestbury Limited.
Acting for the landlord, KBW has negotiated a new lease to Wolseley UK Ltd which trades from the unit under its Plumb Center brand.
KBW has concluded the letting of 123 High Street, Tewkesbury to Simply Stone, engraving and stone memorial specialists.
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 completed the letting of 74 Tennyson Road, Cheltenham to a convenience store operator.
Following on from the sale of no.3 in 2013, KBW has agreed the sale of 1 Manor Park to Sean Rice Pentwin Ltd.
Jamie Williams Carpentry & Joinery Ltd has taken a new lease of Unit 8 Neptune Business Centre. The letting means the scheme is once again fully occupied. KBW secured the letting on behalf of landlord Head Ruddy Ltd.
KBW has agreed the letting of 6-8 St Georges Road, Cheltenham to Pegasus Life. The former cafe premises will be used as a marketing suite for Pegasus’ One Bayshill Road development in the town.
KBW has been instructed to market the former Centurion Car Sales site at Centurion Services on the A417 between Cheltenham & Cirencester.
Long established tailoring and alterations specialist Cheltenham Top Tailoring has taken a new lease of 3 Royal Well Road, Cheltenham.
On line retailer of high quality yarns and needles Woolstack has taken a new lease of Unit D Churchill Industrial Estate in Leckhampton, Cheltenham.
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
Due to the imminent redevelopment of The Brewery scheme, Cancer Research Trust has relocated its Cheltenham store to 32 Cambray Place. KBW negotiated terms on behalf of the landlord, with Colliers acting for Cancer Research Trust.
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.
Lucas Studios has taken a small office suite at 119 Promenade, Cheltenham. KBW agreed the flexible lease on behalf of client CGT Lettings.
Howdens has taken a new lease of Units W/W1 Kingsditch Trade Park, Cheltenham. The units, totalling 10,956 sq ft, will represent the company’s second depot in the town, with the Battledown depot continuing to trade. Nick Bevan Consulting and KBW act on behalf of landlord M&G Real Estate.
Acting on behalf of Gardiner Bros Pension Fund, KBW has agreed the sale of Northgate House, London Road. The sale of the grade II listed building has completed subject to the existing lease to CAFCASS.
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.
KBW has agreed terms on behalf of Woodys Fruit & Veg for a relocation to 243 High Street Cheltenham due to the imminent redevelopment of The Brewery scheme by owners NFU Mutual.
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.
The box office for Cheltenham Festivals in relocating to 15 Suffolk Parade, Cheltenham. KBW secured the letting of the grade II listed building on behalf of retained client Cheltine Limited.
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
Acting on behalf of The Minton Group, KBW has secured the letting of Unit 4 The Bramery Business Park, Cheltenham to Cotswold Heritage Joinery Limited.
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.
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.
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.
Papa Johns has completed a new lease of the former William Hill bookmakers on Albion Street, Cheltenham. KBW acted on behalf of a private client and secured a long term lease.
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.
Pasty Holdings Ltd has completed the purchase of Hazel House, Andoversford Link. The building provides predominantly office accommodation, with adjoining warehouse facility. KBW acted on behalf of a private client.
H & M and River Island are open and trading from their respective new stores at the front of Regent Arcade following completion of an extensive redevelopment of the scheme by owners Canada Life. Joints agents KBW and Cushman & Wakefield act on behalf of Canada Life.
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).
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.
Acting for Yorkshire Building Society, KBW has negotiated a lease renewal for its Bristol city centre branch. The annual rent was reduced by over 50%.
YMCA has completed a new lease of 65/67 High Street, Cheltenham following occupation under licence. KBW agreed the letting on behalf of a private client.
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;
49 Promenade new
88 High Street Cheltenham new
6 and 7 Coln Park Andoversford Industrial Estate new
KBW is delighted to have secured second place in the Estates Gazette Deals Competition for Gloucestershire. The competition recognises the number of deals completed between August 2012 – July 2013.
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
Acting for private clients, KBW has successfully negotiated the sale of 3 Manor Park Business Centre on Mackenzie Way in Cheltenham. The self contained office building totals 1,470 sq ft and will be utilised as admin offices and showroom for a double glazing installation firm.
Serviced apartment provider Quintessential has completed a new lease of part ground floor & basement at Rotunda Buildings, Cheltenham. KBW completed the letting following a swift marketing campaign which generated several competing offers.
Acting for landlord, KBW has agreed a 5 yearly rent review with Huffkins for its shop at 25 Promenade in Cheltenham. The rent was increased by 29%.
Acting for Evans Cycles, KBW has negotiated a new lease of its store on Deansgate in Manchester city centre.
Acting for Evans Cycles, KBW has negotiated a renewal of the lease of its store in St Paul’s, City of London.
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.
Software development and IT consultancy firm Blueberry Systems has taken a first floor office suite at Glensanda House in Cheltenham. The suite, which extends to approx. 822 sq ft, was let by KBW on behalf of Stirling Mortimer.
KBW has successfully acquired 39/40 Fore Street, Trowbridge on behalf of a private retained client.
KBW has completed the acquisition of Unit A6 5500 Plot at Tewkesbury Business Park on behalf of a private retained client. Completion follows an extensive search for a suitable property in the Gloucestershire area.
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.
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
KBW has agreed a rent review with Cath Kidston for its shop on Promenade in Cheltenham. KBW acted for the landlord, Cheltine Limited.
KBW has secured rate relief for a client during its phased occupation of a 300,000 sq ft distribution warehouse in Swindon.
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.
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.
KBW has acquired a shop unit adjoining the Morrisons superstore in Up Hatherley, Cheltenham on behalf of retained client Signet Armorlite (Europe). The unit will trade as Kodak Lens Optician Outlet.
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.
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.
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 completed the letting of 30 Clarence Street, Cheltenham on a long term lease. Competitive offers were received for the leasehold interest, before terms were agreed with a French restaurateur.
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.
Granite Transformations is the latest arrival at Cheltenham’s premier trade counter destination, Kingsditch Trade Park. KBW secured the letting on behalf of Prupim.
Elite Recovery (Midlands) Ltd has taken a new lease of Unit 4A Delta Drive Industrial Estate, Tewkesbury. KBW acted on behalf of BAM in securing the letting.
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 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.
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 successfully project managed the completion of a 58 bedroom extension to Holiday Inn Express, Colliers Wood, together with the refurbishment of existing 81 bedrooms.
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.
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.
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 completed the letting of Unit 17 Malmesbury Road, Cheltenham to AED Engineering within 7 working days of the initial viewing of the property.
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
Prima Coffee Supplies, previously located on Innsworth Technology Park, have relocated to Unit 3 Shannon Point, Tewkesbury Business Park. Terms were agreed by KBW on behalf of private retained clients.
On behalf of retained private clients, KBW has completed the letting of Unit D1 Severn Drive, Tewkesbury Business Park to Trojan Bins Ltd.
Acting on behalf of Canada Life, KBW has recently secured lettings to Kiwi (Unit 37), Melody’s (Unit FK23) & The Earth (Unit F8).
KBW has secured the letting of Units A1 & A2 Goodridge Avenue to Hooper Knight on behalf of retained client BAM.
KBW has been instructed by the landlord in respect of dilapidations and lease renewal negotiations.
KBW has successfully appealed business rates assessments on Imperial Square, representing a number of occupiers.