October 2021

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Michael Garvey

Specific Deal Done

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New Instructions

Vine Lodge, Cowley Business Park

UXBRIDGE – Grade II Listed, detached, three-storey character office building with private gated carpark to the rear. 4,796 SQ FT FOR SALE.

Soho Studios, 1 Soho Mill

WOOBURN GREEN – Modern, light and airy office building recently refurbished throughout with on-site parking. 3,813 SQ FT FOR SALE.

26a High Street

CHESHAM – Period offices available on flexible terms in great town centre location. Suites for 1-4 people. 101 – 236 SQ FT TO LET.

207-209 High Street

BERKHAMSTED – Prominent and characterful retail property in busy High Street location. Could also suit a medical, leisure of office use. 697 SQ FT TO LET.

1 Prebendal Court

Aylesbury – Detached office building with parking close to Aylesbury Old Town, prominently locataed. 1,833 SQ FT TO LET.

Unit 11, Vernon Building

HIGH WYCOMBE – Flexible business unit to let, located near the Town Centre with loading facilites to the rear. 827 SQ FT TO LET.

31a Stoke Road

AYLESBURY – Prominent retail unit with parking and rear access. 412 SQ FT TO LET.

Unit 2, 6 Straight Bit

FLACKWELL HEATH – Open plan retail unit in a prominent location with on-site parking. 938.8 SQ FT TO LET.

1 Lidstone Court, Georges Green

SLOUGH – A self contained office with 2 allocated parking spaces in an attractive courtyard setting. 508 SQ FT TO LET.

43 Space Business Centre

AYLESBURY – Workshop / studio unit available on this popular estate. 505 SQ FT TO LET.

3 Manor Courtyard, Hughenden

HIGH WYCOMBE – A two storey offices in courtyard development with parking. 1,820 SQ FT TO LET.

Deals Done

C2 Regent Park, Princes Risborough

SOLD – A mid terraced industrial warehouse on the popular Regents Park estate sold to an owner/occupier 4,839 SQ FT.

28 Chess Business Park, Chesham

LET – Modern industrial warehouse let to a Chesham occupier on a 5 year lease. 2,972 SQ FT TO LET.

144 Station Road, Amersham

SOLD – A detached retail unit close to the train station sold to local business. 736 SQ FT.

2 Lacemaker Court, Amersham

LET – Two storey offices in Amersham Old Town let on a 10 year lease. 2,550 SQ FT TO.

1 Dunsham Lane, Aylesbury

LET – A5 takeaway retail unit let to Amore Pizza on a 15 year lease. 1,033 SQ FT .

21 Stocklake Industrial Est, Aylesbury

LET – Well located warehouse let on a 10 year lease. 4,940 SQ FT.

10 Ministry Wharf, Wycombe Road, Saunderton 

LET – Situated within a modern courtyard development let on a 5 year lease. 980 SQ FT.

21 Queens Square, High Wycombe 

SOLD – A1 Retail unit with 1st and 2nd floor office/storage space. 726 SQ FT.

New Warehouse Development close to completion in Chesham

Aerial Park is well located on the Ashridge Road Industrial Estate in Chesham. Chandler Garvey are delighted to act on behalf of Longmead Capital who are developing Aerial Park into a 12 unit scheme totalling 110,000 sq ft due for completion in December 2021. 

Demand for industrial floorspace has remained strong throughout the pandemic and we are pleased to be able to offer these units to let from Q4 2021. Low levels of supply, with few developments in the piepline, have meant that industrial rents have risen across the region.

Aerial Park comprises units in two terraces from 4-10,000 sq ft together with two further units of 20,000 and 22,000 sq ft each. 

For further information, visit www.aerialpark.co.uk 

Westcott Venture Park – 11,000 sq ft warehouse under construction

Plot 4000 is a prominent site being centrally located at the head
of the main access road at the heart of the Park. Construction
is underway to create an impressive new high tech building
with completion due in January 2022. Part of the building has
been let to the Satellite Applications Catapult for a Disruptive
Innovation for Space Centre and a Healthy Living Lab facility.

Unit 3 Plot 4000 will comprise a high-tech warehouse of 11,180 sq ft with 8m eaves height, 3 phase and first floor offices and will be available to let.

Westcott sits at the heart of a vibrant technology hub, with easy access to Bicester, Thame and Aylesbury. The 650 acre business park is home to over 80 companies, employing over 600 staff with major occupiers including: FedEx, Nammo, OneWeb, Olleco, Green Retreats, Ecopac, Mobile Mini, Total
Carbide, Portakabin and Bucks Recycling. 

For further information, visit www.westcottvp.com

HQube – New Industrial/Business Units For High Wycombe

HQube, comprising of 12 newly built industrial/business units situated in the Hughenden quarter.

These units offer, roller shutter door, 3-phase electricity, LED lighting, heating and cooling. Allocated parking is available as well as EV charging points. The accommodation is split into workspace and office/WC

Within the town, it was felt that there was a shortage of affordable well-built sub-1000 sqft industrial units.

Since marketing, they have been drawing a lot of attention from the light industrial market.

We have had huge success since we launched the marketing initiatives back in early March. Since then, we have had a vast number of enquiries ranging from light storage and distribution centres to more skilled craftsmanship requirements.

Currently, we are under offer on all 12 with expected completion imminently

What Is Next For Sustainability?

Real Estate is predicted to consume approximately 40% of global energy annually, accounting for over 20% of international carbon emissions.

Lord Deben, the chair of the Committee on Climate Change, has announced that the property industry “must go net zero carbon”, warning that buildings will struggle to be let unless they have attractive sustainability credentials. Many high-profile clients, such as Google, will not lease office space unless it has high sustainable assessment ratings, as this could tarnish their brand. They are also willing to pay premium prices for the space, a financial incentive to Landlords to make the necessary refurbishments. This requirement for sustainable space is becoming increasingly common in brands of all status and is sure to only increase over the next few years.

Sustainability applies to all sectors of the property industry; industrial warehousing, commercial office space, residential homes. There are opportunities for properties to be retro-fitted with sustainable features such as energy efficient sensor-based lighting systems or smart thermostats. 

Warehouses for example have vast amounts of roof space; this being a prime area for the installation of solar panels

Obviously, there are difficulties that could be encountered when making sustainable changes, including operational disruptions to businesses leasing commercial units as well as legal issues between Landlords and Tenants. However, these are problems that must be overcome as Landlords need to future proof their assets to stay relevant in the industry. It isn’t simply the Government who support an improved sustainability agenda; investors and financers are putting huge pressure on firms and individuals to develop more sustainable portfolios.

Residential property is no different; The Sunday Times shared an article recently discussing the benefits of a home energy audit over an Energy Performance Certificate (EPC) for residential property. Although EPC’s are cheaper and provide the necessary compliance for houses which have recently been built, let or sold, they can be considered a box-ticking exercise in comparison to a thorough independent home energy audit, which makes sustainable custom recommendations.

These home energy audits are typically more expensive, however can lead to considerable long-term savings due to the sustainable improvements it recommends.

Investment into new buildings with sustainable features, as well as redevelopment and refurbishment of existing properties is increasing, with investors wanting to achieve high ratings on sustainability assessments, such as BREEAM, the Building Research Establishment Environmental Assessment Method. Data shows that ratings of ‘excellent’ and ‘outstanding’ have risen, illustrating how investors are already more aware of how high specification and environmentally friendly assets will improve portfolios.

Chandler Garvey Expands It’s Managed Property Portfolio

Since the last newsletter and despite the ongoing challenges within the economy, Chandler Garvey continues to grow its managed property portfolio.

The events of the past 18 months have changed the established outlook for commercial property owners, with many realising the financial and compliance benefits of having an effective and experienced property manager to oversee their assets.

It comes as no surprise that tenants have required a significantly greater amount of support during the changing legislative landscape and, consequently, property owners have needed to deliver better and more frequent communication, increase the value of service provision and obtain greater insight into upcoming challenges.

With our property management software from Re-Leased now firmly embedded within the company processes and with our depth of experience, Chandler Garvey continue to deliver increasingly positive results for our existing clients.

Chandler Garvey firmly believe Property Management expertise is more valuable than ever before.

In the past weeks we have been fortunate enough to bring on board new clients, all of whom have recognised the additional value in having their properties overseen by an experienced and effective property management company.

Their properties comprise:

  • An established 11 unit industrial estate in Langley, Slough.
  • An established 12 unit industrial estate in Hayes.
  • A mixed commercial and residential property in the centre of Thame.

In addition to the day to day management of properties, Chandler Garvey has been working hard to ensure the consistency and quality of our service provision. Key milestones for us have been:

  • A review and consolidation of our contractor procurement process to ensure we instruct the best available contractors for the relevant task
  • We have replaced our nominated H&S risk assessors across our entire managed portfolio and have begun working with RPS Group.
  • We continue to work with LA Supply utility procurement brokers to deliver green energy plans (wherever possible) as part of our commitment to reducing carbon emissions

If you are interested in discussing the management of your property, please do make contact with us and we’d be delighted to review the options with you.

Meet Our Newest Team Members

Chandler Garvey would like to give a warm welcome to it’s two newest staff members: Maddie Briggs (Graduate Surveyor) and Karen King (Administration).  Maddie and Karen have recently joined the company and are based in the High Wycombe office.

Maddie (below) is newly graduated from Nottingham Trent University with a BSc (Hons) degree in Real Estate. She will be joining us whilst she works towards her APC qualification alongside assisting with valuations, rent reviews, lease renewals and development agency in the Professional Services department.

Karen (above) joins us with over 15 years of experience in Sales Administration, Account Management, Customer Services, Web Content and Digital Marketing. She will mainly be working to support our Agency team in High Wycombe but will also be involved with general administration duties across different departments within Chandler Garvey.

We wish them all the best in their new roles and look forward to working them.

Welcome aboard Maddie and Karen!

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