LONG, LONG, LONG
“Long, Long, Long” by the Beatles featured on their 1968 album The Beatles (also known as “the White Album”). It was written by George Harrison, while he and his bandmates were attending Maharishi Mahesh Yogi’s Transcendental Meditation course in Rishikesh, India, in early 1968. Although Harrison later stated that he was addressing God in the lyrics, it is the first of his compositions that invites interpretation as both a standard love song and a paean to his deity
Having taken a break for a few months, we are back up and running again with our monthly newsletters and this edition comes at a time when Covid numbers are rising significantly, with growing concerns for the winter ahead and the possibility of some restrictions being reimposed.
As a nation we have realised that Covid will have a long, long, long tail that will extend far beyond the initial crisis and whilst much of life seems to be returning to normal, there is still much that is different and will stay that way. Around the world case numbers are rising and whilst the vaccination program continues worries about waning immunity grow and of course the threat of new variants. The phrase “living with Covid”, as opposed to hiding from it, has created much debate but fatigue around the restrictions has probably put most people in the former camp.
In the property sector there are very strong signs of recovery, even green shoots within the office sector, and we are flat out with a wide range of new projects with a high volume of sales and lettings on all manner of commercial properties and sites for residential development.
Instructions include new industrial developments in Chesham and on the Wescott Venture Park, with 2 new industrial developments in the pipeline in High Wycombe.
The industrial sector remains incredibly strong and we are close to putting an industrial investment under offer Aylesbury at an initial yield of 5%.
The HQube development being undertaken by Buckinghamshire Council, highlighted later in the newsletter, is fully under offer prior to completion and will be home to a range of small businesses and strong demand continues from start-up businesses.
The DesBox container village we have been involved with the past 3 years for the Council is close to being fully let for the first time. This development is aimed at local start-up businesses and is now home to a huge variety of businesses and a real seabed for innovation.
We have 2 new recruits to the firm; Maddie Briggs and Karen King. Maddie is working with me on a range of projects and her assistance is greatly appreciated and Karen is working with the agency team and joins us with more than 15 years of experience in sales administration.
There are clearly challenges ahead for the economy, with the spectre of growing interest rates and the challenge of recruitment, but strong growth is very positive and if this brings forwards investment across a range of sectors the outlook is encouraging.
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 Studioes, 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.
NEW INSTRUCTIONS – Warehouse/Industrial Units, Wooburn Green
Chandler Garvey have been given the opportunity to market not one, but four industrial units located on the popular Wooburn Industrial Park.
With the picturesque centre of Wooburn Green just a short walk away, the Estate is well placed for access to the M40 and M25.
Units 7, 8, 9 and 11 are all available individually, or in combination, at a rental value of £11.75 per sq ft.
Each unit has good quality open plan warehouse space with eaves height being 6.5m rising to 7.2m.
The units are supplied with 3 phase power supply and benefit from additional first floor office space.
The generous forecourt is perfect for loading and provides plenty of parking spaces for the units. The warehouse spaces have good natural light provided by generous skylights and can be accessed via the electronic loading door.
Units 7, 8 and 9 form part of a terrace which can be interlinked providing a total of 20,351 sq ft or let separately. Unit 11 is situated on the opposite terrace and comprises c5,500 sq ft.
For more details or to arrange a viewing please contact the agent:
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 in the near future.
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 Its 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’re 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.
2nd Amersham on the Hill Scout Group Fundraising Appeal
Chandler Garvey was approached by Gary Grant, Founder & Executive Chairman of The Entertainer, to see if we wanted to make a donation to the Jubilee Hall fund; a project that he and his business have been supporting. When we heard more about the project we were delighted to help, especially as Alan Chandler was a cub and a scout within this group.
Here’s a bit of history regarding the property and details of how other businesses can help this worthwhile cause.
2nd Amersham on the Hill Scout Group was registered at Imperial Headquarters of The Boy Scouts Association on 8th November 1923. As time passed, Scouters decided it was time to acquire their own premises to meet, so a hut fund was started. Land was soon made available and work started; the building made of timber and metal was erected by Rodwell of Ballinger and the Scouters, Scouts and Parents decorated the inside and outside ready for its grand opening in 1929. Sadly this hall was destroyed by a fire on 19th September 1964, however Scouts are always prepared and from that day it was decided that 2nd Amersham on the Hill Scout Group would have the finest hall possible!
Many fundraising events were held to raise cash to build a new hall. The build was finished in 1966 and the hall was named the Jubilee Hall. To this day the Jubilee Hall and 2nd Amersham on the Hill Scout Group is active and thriving! The Jubilee Hall served the Scouts and local community for just over 50 years and much had changed in building standards over that time – its green credentials, space layout, usage needs, car parking and access.
The Scout Group purchased the adjacent field in 2017 which enabled them to look at the bigger picture – they had open space to play and camp, more space to consider car parking and an opportunity to look at the Scout Group and community needs for the next generations! The Scout Group considered the 50 year old Jubilee Hall’s layout, the need for major refurbishment, the growing waiting list of young people wanting to experience Scouting, and the inability to accommodate more than one activity at a time. It was decided that a new hall was to be built and in August 2019 the build started.
On 19th April 2021 after 18 months away, 2nd Amersham on the Hill Scout Group returned to their new premises on Rectory Hill, Amersham. The new Jubilee Hall is the third generation hall built on the same site bequeathed to 2nd Amersham on the Hill Scout Group in 1948.
The first meeting inside the hall was delayed by a few months due to the third Covid-19 Lockdown in the UK; however, with restrictions partially lifted, the Milan Cub Pack stepped through the doors on 19th April and a new chapter began at the Jubilee Hall. The new Jubilee Hall has modern catering facilities, safer access to storage for camping equipment, with toilet and washing facilities for the camping field. The building itself has embraced the modern energy efficient heating and lighting whilst improving its green credentials with improved installations. A lot of thought has gone into the new hall, enabling it to be fit for purpose for the next 50 years – a community facility we can rightly be proud of.
The Scout Group launched a fundraising appeal to fund the new Jubilee Hall that will serve both the Scouts and the local community. The new Jubilee Hall has cost the Scout Group approximately £2.06 million and the Scout Group are delighted with their fundraising so far achievements so far. However, they now need the urgent support to settle the remaining shortfall of £165,000.
There are 2 ways to give to the Jubilee Hall Fundraising Appeal:
- Kindly make a one-off donation via https://www.stewardship.org.uk/pages/amershamscouthutappeal
- Kindly send a cheque made payable to 2nd Amersham on the Hill Scout Group to Jubilee Hall, Rectory Hill, Amersham, HP7 0BT
2nd Amersham on the Hill Scout Group cannot achieve this alone; however with your help they will reach their goal.
Registered Charity in England and Wales (300650)
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!