No summer holiday for the industrial market!
The month of August is traditionally a quiet month in the property market when applicants, agents and solicitors go on holiday, meaning that usually very few deals are agreed and completed during the month.
August this year however was been very different, with a number of deals completed during the month by Huw Thomas Commercial.
Early in the month, a 5, 500 sqft industrial unit at Corsham Commercial Centre in Corsham, was let to local company AJM Engineering Ltd, to facilitate their expansion.
Attention then moved to the Bumpers Farm Industrial Estate in Chippenham, where a run of 3 lettings in 2 weeks saw three different businesses acquire additional space.
Firstly, racing wheel manufacturer Dymag, signed up for Unit A/B Brunel Park, an 18,000 sqft industrial / warehouse unit that had just been partially refurbished by the Landlord. Dymag agreed a deal to take the building in the part refurbished condition and undertake their own fit out of the interior to suit their specific requirements. Dymag already occupy a number of units on Bumpers Farm and will gradually centralise into this new unit.
Also on Brunel Park, Raceline Design Ltd, who specialise in the conversion and fit out of leisure vehicles, acquired a new lease on Unit H of 5,500 sqft. They will use this unit in addition to the workshop premises they already have at Westpoint on Bumpers Farm and the vehicle showroom they have on the A4 at Box, between Chippenham and Bath.
Finally on Bumpers Farm, home accessories business Graham & Green expanded their presence on the estate by acquiring a new lease on the former Woods Group building on Bumpers Way. They will take initial occupation of the building to assist with their increase in demand for products in the lead up to Christmas. They will then move out for a short period while the Landlord undertakes work at the property with Graham & Green then moving back in for longer term occupation.
Huw Thomas of Huw Thomas Commercial comments “with everything that is going on in the national economy at present, together with August usually being a quiet month, it really was a surprise to see so much activity during the month. It does show however that local businesses are continuing to do well which is good news for Chippenham and the local economy”.