January 2021

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LOOKING FORWARDS FROM THIS DARKEST HOUR

January is traditionally a month when we set resolutions and look forward to the year ahead with a renewed sense of purpose and optimism, but for many this January has been short on optimism and the normal resolutions of eating less and drinking less seem somewhat frivolous in the face of the impact of the 2nd wave of Covid-19 and the extraordinary loss of life that passed 100,000 this week. 

The 2nd wave has accounted for half of this total and public inquiries to come will no doubt ask why we didn’t learn from the hard lessons so obvious from the first wave.

There seems little to smile about at the moment, but I did notice that the United Nations has declared 2021 as the International Year of Peace and Trust, the International Year of Creative Economy for Sustainable Development, the International Year for the Elimination of Child Labour and the International Year of Fruits and Vegetables. The first 3 of these are clearly serious and aspirational hopes but the 4th seems a curious choice!

A study in 2018 by Bioversity International scientists in collaboration with the Food and Agriculture Organization of United Nations revealed that a total 1,097 vegetable species, with a great variety of uses and growth forms, are cultivated worldwide. Astonishingly, there are more than 5,000 varieties of potatoes worldwide, and during 2020 in the UK a number of new potatoes were identified and prominent in the news!

Having spent the first working day of the New Year in the office, dealing with dozens of new enquiries received over the Christmas and New Year period pointing to a very active start, like many businesses we have been working at home from 5 January and getting used again to working remotely. The market is however still vibrant and over the past few weeks we have been able to close a variety of deals, especially in the industrial sector but also perhaps counterintuitively within the retail sector and notably we have 3 town centre restaurant deals about to complete. There is an end to the health crisis in sight and many businesses are looking to the future.

We are taking on a wide variety of new instructions across all sectors and some of these are highlighted within this newsletter. Our connections with our community remain strong and we have invested in a community initiative with Heart of Bucks, also highlighted. Communities have become more important during the crisis and these strengthen bonds will hopefully be long lasting. There will be darker days before the spring, but we must look forwards to better times ahead as the year progresses.

Michael Garvey

Good news for occupiers in landlord business insurance case

The Supreme Court ruled in January in favour of small businesses receiving payments from business interruption insurance policies. 

This will benefit tens of thousands of small firms who took out business interruption insurance premiums and who were forced to close in the first lockdown. 

This lifeline could mean the difference between surviving or going under in this incredibly challenging economic situation. 

Occupiers continue to find the current climate particularly challenging, especially in those industries that have been forced to close.

Through connections with Buckinghamshire Business First (BBF), we have been offering free advice to tenants over the past 9 months. We are speaking with many occupiers who are unable to engage in any conversations with their landlord about reducing the rental burden. Whilst the Government has extended the moratorium on evicting tenants due to non-payment of rent due to COVID-19 to March 2021, not all landlords are willing to engage in these negotiations.

For more information on the support that BBF can offer, visit their website www.bbf.uk.com

Landlord View

Whilst the current situation is undoubtedly difficult for tenants, it also has had a significant impact on landlords who are receiving less rent during this time.

The Chandler Garvey Management Department manages a range of tenants and has maintained a dialogue with all parties over the past 12 months.

This is absolutely vital to ensure that tenants that have been less affected, continue to pay rent and we can remain in close contact with those that have been severely impacted.

For further information on how we can manage your property portfolio, please contact Marcus Dodd.

 

New Instructions

Regent House, Aylesbury – Refurbished Offices To Let or For Sale 

Regent House is a former children’s nursery, located in George Street in Aylesbury town centre.

The property, situated on the edge of the old town, has recently been completely refurbished and improved by the current owners. Regent House now provides ground, first and second floor offices available from 484 – 8,394 sq ft.

The property is available for sale as a whole or in part or alternatively can be let on a traditional full repairing and insuring lease or on an all inclusive basis. Regent House would also be suitable for a serviced office. Click here for the brochure. 

Princes Risborough School Comes To The Market Freehold

St Teresa's

Former independent school and nursery for sale in prominent town centre location with change of use potential subject to planning. 

The property comprises circa 15,000 sq ft spread over a number of buildings on a site of 0.5 acres and includes Ker Anna; a self contained three storey building to the front of the site.  

Subject to full consideration of all relevant planning matters, the Site is regarded as having good redevelopment potential. A further detailed planning note is available on request. 

The property is being marketed freehold. Click here for the brochure and floorplans. 

New Instructions

The Maltings, School Lane, Amersham

1.89 acre site – A unique site of various buildings including some Grade II listed, located in Old Amersham. The site is available to let or for sale. 41,850 SQ FT TO LET OR FOR SALE.

Marlow Place, Marlow

Serviced Offices – Grade II listed serviced offices just a stone’s throw from Marlow High Street with parking. 260 – 1,083 SQ FT TO LET.

15-17 Market Square, Aylesbury

Retail unit – Triple fronted retail unit over ground, first and second floors close to Friars Square and Hale Leys Shopping Centres. 2,831 SQ FT TO LET OR MAY SELL.

10 CR Bates Ind Est, Stokenchurch

Industrial unit – A detached industrial unit close to Jct 5 of the M40 with parking. 2,056 SQ FT TO LET.

The Firs, Whitchurch

Residential Development – Offices with planning permission to convert into 8 flats with parking. 7,108 SQ FT FOR SALE OR TO LET.

8 Britannia Ind Est, High Wycombe

Industrial – End of terrace warehouse unit with mezzanine and office space. Benefits from roller shutter door, parking located close to town centre. 1,184 SQ FT TO LET.

7 Station Road, Gerrards Cross

Retail – Ground floor premises currnetly fitted out as a hair and beauty salon. Benefits from kitchen and dedicated parking. 1,237 SQ FT TO LET.

12 High Steet, High Wycombe

Retail – Ground floor retail / office unit with first floor offices. Benefits from rear courtyard and ample parking. Town Centre location. 1,191 SQ FT TO LET.

Deals Done

Units C&D Loudwater Mill Business Centre, High Wycombe
Two units just completed on this new estate. Only one unit remaining, Unit B – 2,82 sq ft – click here for brochure. 5,100 SQ FT LET. 
Desbox, High Wycombe
Two units let within this converted shopping container community aimed at micro businesses. Visit www.desbox.org for availability. 300 SQ FT LET. 
3 & 4 Howard Industrial Estate

Chesham – Two warehouse units let to a Chesham based occupier on a 5 year term. 6,238 SQ FT LET.

67 Buckingham Street

Aylesbury – Victorian former residential property which had been used as an office for 25 years – sold to a residential developer. 1,022 SQ FT SOLD.

12 Space Business Centre

Aylesbury – Business unit with mezzanine on this modern estate sold. 367 SQ FT SOLD.

Unit F Progress Road, Sands

High Wycombe – Industial unit sold to an owner occupier. 2,818 SQ FT SOLD.

15 Manor Courtyard

High Wycombe – Refurbished ground floor office space let to existing occupier on the Park. 487 SQ FT LET.

6 Anglo Office Park

High Wycombe – Ground floor offices let on a short lease located on Cressex Business Park. 1,100 SQ FT LET.

Chandler Garvey delighted to be a Heart of Bucks Community Investor 2021

The Heart of Bucks has launched a fund dedicated to connecting businesses who care with local causes that matter, providing an essential link for the local business community into the non-profit sector. 

The Community Investor Fund makes charitable giving for businesses straightforward and simple. Working collaboratively with many local businesses, Heart of Bucks is able to direct much-needed funding where it is most needed. 

This has been a hugely challenging time for Bucks based not-for-profit organisations, who have been working harder than ever before to support the vulnerable people in our county throughout COVID-19. Now, more than ever, they need help – and Heart of Bucks is able to facilitate the distribution of generous contributions of the business community.

For more information of the Heart of Bucks Community Investor Fund please click here. 

Last call for entries for the Buckinghamshire Business Awards 2021

Chandler Garvey are delighted to be sponsoring the CSR Award for the second year running at the forthcoming Buckinghamshire Business Awards. 

The Buckinghamshire Business Awards is an opportunity for local businesses to showcase their leadership and entrepreneurial vision. Each winner and finalist embodies the spirit of entrepreneurship which is the foundation of Buckinghamshire’s success. Together, they all show that nobody does business like Buckinghamshire.

The CSR Award recognises those businesses which have a strong track record of playing a responsible part in society and giving back to it through fundraising, active support from company employees in providing opportunities for worthy causes, for which there is no direct financial benefit to the company.

The closing date for entries is Sunday 31st January 2021, the finalists will be annouced on 29th April with the winners announced in May 2021.

Please click here for further information on the Buckinghamshire Business Awards 2021.

Our Locations

Amersham

Phone: +44 (0)1494 723999

Aylesbury

Phone: +44 (0)1296 398383

High Wycombe

Phone: +44 (0)1494 446612

Marlow

Phone: +44 (0)1628 902488

Slough

Phone: +44 (0)1753 725700