Strong end to 2019 for Huw Thomas Commercial
There’s usually a push from tenants and purchasers to get deals completed before Christmas and 2019 proved to be no different. Despite the distraction of the General Election, parties concentrated on ensuring transactions were completed before the holiday period. Huw Thomas Commercial was delighted to be involved with these deals.
On the Bumpers Farm Industrial Estate in Chippenham, acting on behalf of a major property company, Huw Thomas Commercial let Unit F Chippenham Trade Centre to Exhausts Tyres and Batteries (Worcester) Limited.The trade counter unit of approximately 5,586, sq.ft next door to Screwfix, becomes the company’s 26th branch. Fit out work is now underway and the opening imminent.
Also in Chippenham, a retail investment in the Market Place was sold to a local private investor. The building is let to bookmakers Done Brother (Cash Betting) Ltd, trading as Betfred on a lease to 2028 at a current rent of £28,300 per annum. The Guide Price was £325,000.
In Melksham, local plumbing and heating company Ryan Poolman completed their purchase of the freehold of Unit B3 on the popular Ashville Centre. The unit of approximately 2,259 sq.ft was being offered with vacant possession at a Guide Price of £245,000.
Huw Thomas comments “With such a shortage of available properties in the market (both vacant and tenanted investments), tenants and purchasers realise they have to act quickly when an opportunity comes up. On a local level, parties do not appear to have been concerned about the Election or Brexit, and have just got on with their business. Hopefully this will continue through 2020”.