Spring 2022

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The unimaginable suffering being endured by the Ukrainian people is just that; unimaginable. 

Each day we see and hear about atrocities against humanity that are scarcely believable in so called civilized society. Sadly such atrocities have been going on largely unreported all over the world for many years, but I suppose because of the proximity to Western Europe this feels too close to home. 

In the early days of Covid we saw a unity amongst the British population that was reminiscent of wartime Britain, but this faded.

Hopefully, the solidarity being witnessed across so many countries and organisations against the tyranny of Putin will be long lasting, as it appears the war in Ukraine will become a war of attrition.

Against this backdrop, normal life in the UK with worries about rising costs and lower standards of living seems somewhat trivial but real, nevertheless.

Spring is a time for renewal. I took the above picture last Friday morning in High Wycombe town centre, as I was walking my dog back to the office from the local park. I have only a basic knowledge of plants, but I think this is a Magnolia tree or bush (I was never sure about the difference), and these early shooting buds will remain susceptible to attack from frost for the next few weeks; a simple example of how fragile nature can be and we are part of that fragility.

Three months into the new year and market conditions (apart from offices) seem very buoyant.

We have been selling and letting a range of property, winning lots of new agency disposals plus some exciting new development projects and plenty of new managements contracts.

Two years after the first lock down started the outlook for commercial property is very encouraging, but there are clouds on the horizon with the threat to growth of inflation that will not only reduce the level of business investment, but also the efficiency with which productive factors are used.

Community is important to us and we continue to play our part. We have made a further donation to Heart of Bucks to help people and organisations locally, we have renewed our commercial sponsorship agreement with High Wycombe Cycling Club and will again be supporting the Nic Willoughby fundraising Spring Ball at the end of April.

There are many reasons to be optimistic, but this must be tempered by events beyond our shores and after 2 challenging years there seems more to come and strong resolve will be required.

Michael Garvey

NEW INSTRUCTION:

The Wyke, 16 Marsham Way, Gerrards Cross

We are pleased to report that we have recently been appointed by the trustees of the freeholders, to dispose of the The Wyke, a building previously used as an assisted living facility, which is now vacant.

The property comprises a large detached three-storey Edwardian building with a pitched tiled roof, previously used to provide assisted living facilities. Located within the village centre the property has excellent access by foot to all local amenities.

The accommodation within the ground and 1st floors comprises 12 x en-suite bedrooms, a large lounge, dining area, orangery, reception/office, laundry, kitchen, utility, bathrooms all serviced by a passenger lift.

The Wyke, Gerrards Cross

On the 2nd floor there are two self-contained flats. There is also a bedsit adjacent and previously divided off from one flat, which can easily be reconnected. The property is found to be in very good decorative order with central heating throughout.

Externally the property benefits from a good-sized rear garden, mostly laid to lawn with some paved areas and a storage shed. To the front of the property there is off-street car parking for a number of vehicles.

The property is available for sale with full vacant possession and would suit owner-occupiers, developers, and investors. We are quoting £1.85m.

If you require any additional information, please direct all enquiries to Marcus Smith (07471 996320) or James Garvey (07827 908926).

DOWNLOAD THE BROCHURE HERE

New Instructions

Abbey Place, Easton Street

HIGH WYCOMBE – Three-storey, detached office building available as a whole or on a floor-by-floor basis. 2,479 – 9,719 SQ FT.

TO LET

32a Wornal Park

WORMINGHALL – Modern industrial unit over three floors with roller shutter door access and good parking on this established business park   16,128 SQ FT

TO LET / FOR SALE LONG LEASEHOLD.

34 High Street

GREAT MISSENDEN – A prominent retail unit in a High Street Location currently fitted out as a cafe. 476 SQ FT TO LET.

Suite 4B Anglers Court

MARLOW – Modern 1st floor, open plan office suite in prime town cente location. 646 SQ FT TO LET.

Terriers House, Amersham Road

HIGH WYCOMBE – Four fully refurbished office rooms with rates, utilities, services charges included in rent. 115 – 566 SQ FT TO LET.

1st & 2nd Floor, 4-5 Market Square

MARLOW – Refurbished offices on the 1st and 2nd floor, located in the Town Centre 1,144 – 2,325 SQ FT TO LET.

19 Rabans Close, Rabans Lane

AYLESBURY – Modern terraced industrial unit with parking available to let. 1,050 SQ FT TO LET.

Anglo House, B2 Bell Lane Office Village

LITTLE CHALFONT – Two storey modern office building for sale long leasehold benefiting from air conditioning and parking. 3,244 SQ FT FOR SALE.

18c Chiltern Court

CHESHAM – First floor office with kitchenette and parking available to let on an all inclusive basis 296 SQ FT TO LET.

19 Chiltern Court

CHESHAM– Refurbished ground floor office with newly fitted kitchenette and WC facilities and parking. 668 SQ FT TO LET.

Building 330 Westcott Venture Park

AYLESBURY– Serviced offices which have been newly refurbished with comfort cooling, on an all inclusive basis from 120 SQ FT TO LET.

Unexpectedly Re-available: First Floor, 3 Lacemaker Court, Amersham

3 Lacemaker Court

3 Lacemaker Court forms part of a small terrace of modern office units situated in Amersham Old Town and is available to let on a new lease direct from the landlord.

These modern open plan offices on the first floor are 1,780 sq ft and benefit from air conditioning, a private office and a boardroom / meeting room. 7 on-site parking spaces are also included.

The property is located in Amersham Old Town opposite Tesco and is within walking distance of the Metropolitan Line at Amersham On The Hill.

For more information or to request a viewing please contact
Joanna Kearvell – 01296 398383
jk@chandlergarvey.com

NEW INSTRUCTION: Grade II Offices Spectacularly Refurbished

Refurbished offices from 780 sq ft to 3,321 sq ft have now been completed at the grade II listed, Walton Lodge.

Walton Lodge is prominently located fronting Walton Street within walking distance of the train and bus stations, together with the town centre.

Our clients have substantially refurbished the property to provide four charming suites with period details which could be taken separately or as a whole. There are 4 parking spaces per suite in the car park to the rear of the property.

The Wyke, Gerrards Cross
Walton Lodge

 

Internally the property benefits from a modern kitchenette in each suite, perimeter trunking with cabling ready for a tenant to connect to and air conditioning. The suites also have modern LED lighting, original sash windows and two entrance doors to each office to allow for maximum flexibility.

Touch free toilet facilities are available in the common areas via the original staircase.

The suites are available to let on a new lease direct from the landlord, for further information please contact Joanna Kearvell on 07887 793030 or email jk@chandlergarvey.com

DOWNLOAD THE BROCHURE HERE

Deals Done

Unit 1 & 2 Aston Hill, Lewknor

SOLD – This part vacant/part let industrial opportunity has now been sold to an owner occupier for storage, whilst they also enjoy the benefit of the additional income produced from the let part of the property. 5,100 SQ FT 

Unit 11 Wooburn Industrial Estate, Wooburn Green

LET– We successfully let this Unit on behalf of the freeholders to a local company on a new 10 year letting as an expansion to their business allowing them to grow their operation and continue to trade locally. 5,472 SQ FT.

2 Space Business Centre, Aylesbury

LET– Office/Industrial space with mezzanine floor in a popular business location 367 SQ FT 

9 York Way, High Wycombe

SOLD – Freehold sale of this two-storey modern business unit suitable for an office, workshop or store. 1,295 SQ FT.

A4 Brunel Gate, Aylesbury

LET – Modern warehouse with high quality air conditioned offices were recently let on a 6 year lease.  5,126 SQ FT.

Unit 12 Bessemer Crescent, Aylesbury

LET – Refurbished industrial unit let on this vibrant estate on a 5 year lease  552 SQ FT.

3 Garside Way, Aylesbury

LET – Prominent industrial estate located in the Stocklake Industrial Area let on a 5 year lease at the quoting rent, 2,408 SQ FT.

4 Bridgegate Business Park, Aylesbury

LET – Two storey industrial unit let to a local business on the Gatehouse Industrial Estate for a 5 year term 2,710 SQ FT.

EPC Reminder For Landlords

Most landlords will be aware that since 2018 the regulations for the minimum energy efficiency standards (MEES) are that a building with an F or G grade EPC cannot enter into a new lease. 

However, many landlords are unaware that from 1st April 2023, if they own a commercial building with an F or G grade EPC their rental income must stop until the building is upgraded to an E or better.

If you own an F or G grade building, it is important that you take action now.

Vital have been producing high quality EPC’s in the Thames Valley and nationally since they were first introduced.  They can provide EPC upgrade advice which is bespoke to the building and takes account of client priorities.

For free and friendly initial advise please call 0345 111 7700 or visit vitaldirect.co.uk 

EPC graph

INVESTMENT DEAL DONE: 44 High Street, Marlow

Acting on behalf of the vendor, a private client c/o Blandy and Blandy LLP, we are pleased to have successfully completed the freehold sale of 44 High Street, Marlow.

The property comprises a ground floor retail unit let to Charles Tyrwhitt and 1st floor offices, currently vacant.

 This sale is a great example of how we can put to use our knowledge of the market place and local investors to achieve the best deal for our clients. It was a pleasure to work with all involved.

44 High Street

The investment market is highly competitive and often we are able to buy and sell off market and here our unique network of contacts is invaluable.

For further information please contact:

Michael Garvey: 01494 460250
mg@chandlergarvey.com

Joanna Kearvell: 01296 678525
jk@chandlergarvey.com

Marcus Smith: 01494 796055
ms@chandlergarvey.com

New Additions To The Management Portfolio

Chandler Garvey continues to grow its managed property portfolio with very recent appointments at two Industrial Estates in Hayes, a business centre near Buckingham and a portfolio of single-let properties throughout the Midlands and South-East.

Following the introduction of new management software in 2020 the efficiency and benefits it delivers have been evident, but recruitment is now high on the agenda to ensure we can continue to satisfy our fast-growing service line.

Should you be seeking to appoint a property management or simply require advice on service charges or upcoming statutory compliance matters, please do make contact.

For more information please contact:

Marcus Dodd: 01494 460252
md@chandlergarvey.com

Desbox

New Law To Resolve COVID-19 Commercial Rent Debts 

One significant property related update this week has been the granting of Royal Assent to the Commercial Rent (Coronavirus) Act 2022. The new law has been introduced to help resolve certain remaining commercial rent debts incurred during enforced closures and brings an end to the general moratorium on commercial tenant evictions.

It means there is now a legally binding arbitration process available for eligible commercial landlords and tenants to resolve disputes about certain pandemic-related rent debt.

The law applies to debts of businesses including pubs, gyms and restaurants which were mandated to close, in full or in part, from March 2020 until the date restrictions ended for their sector; referred to as Ringfenced Arrears. Debts accrued at other times will not be subject to the same procedures and landlords may once again revert to CRAR and Forfeiture, where considered necessary.

Hector Joins The Team

At Chandler Garvey we have brought a new face to the team in High Wycombe.  Hector is on work experience from Henley College and is currently studying an Extended Diploma in Business in his final year.

He approached us to broaden his business understanding at a practical level with Marketing and Research being two of the main topics Hector is interested in.

Within recent weeks he has been sitting with different departments including management and administration to gain an understanding of how different parts of the team work.

He has enjoyed working with the agency team understanding the importance of client care and shadowing inspections of various types of property.

Hector will be with us over the next couple of months and will get more and more involved in the day-today running of Chandler Garvey.

We look forward to working with Hector and helping him complete his work experience program.

“I have been with Chandler Garvey for 5 weeks (alongside college) and have found my time here fascinating.  I have found the company to be a very ambitious and professional company; with a friendly welcoming to newcomers such as myself.

They have taught me skills my college’s Extended Diploma has not and I have found myself a lot more experienced in the business working environment because of them. I would recommend them to anyone who wants to increase their knowledge of the business field, or to work alongside a business project”

Hector White, Henley College

Chandler Garvey Joins Heart of Bucks For 2022

Heart of Bucks is the community foundation for Buckinghamshire; a funding organisation awarding grants and loans to support essential local charities and community groups. 

One of the strengths of Heart of Bucks is that they have a unique understanding of the needs of Buckinghamshire. Through research and outreach work they can ensure that funding reaches those who need it most and can use it effectively.

 

As a company we are passionate about supporting our local community and becoming a Heart of Bucks Community Investor made perfect sense to us.

We are often approached by charities and local causes looking for much needed support and it can be difficult for us to decide where to place our funds. By joining the Heart of Bucks community and taking advantage of their knowledge and research we can ensure our funds are making the most impact and reaching the places in our community who need it most.

Heart of Bucks

If you’d like to know more about the Heart of Bucks Community Foundation, the work they do and how you can help please visit the website: heartofbucks.org

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