Summer 2022

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Much has happened since I wrote the opening piece for our Spring newsletter and as I write this on the longest day of the year (although as a few people have pointed out today is the same length as every other day!), there seems to be more trouble ahead rather than less.

Political turmoil is nothing new, but the depth to which national politics in Westminster has sunk is matched only by the extent to which inflation has risen! Both are equally alarming. With little or no economic growth, the pain of inflation is being felt everywhere and whilst some commentators think this will be short lived, it’s a little like the national debt – the total amount keeps growing, it’s only the pace of growth that slows. How likely is it that prices will fall back to where they were, and this means we will all be poorer for longer?

The cost-of-living crisis is putting pressure on families dealing with higher prices and employers dealing with higher wage demands (further fuelled by very low unemployment post Brexit) and other input costs. Tension is rising in the public sector as the lid is rattling on the pot of cost control and bubbling over into industrial unrest. Extending this vague metaphor, some would say we have a dog’s dinner of a government that seems devoid of leadership. At difficult times we need leaders with a strong moral compass and a determination to put others first.

Despite the turmoil, we remain very busy on a range of matters in different sectors. Even the office market shows signs of life with various deals that seemed unlikely to happen just a few months ago.

Industrial values keep soaring. We recently let a standard industrial unit in Princes Risborough at £18.50 per sq ft. An extraordinary rent and twice what was being paid previously. The tenant was fed up missing out on opportunities and made a knockout rental offer to secure the space. It is difficult to predict where this will end!

My son James recently achieved his professional qualification (mentioned later) and I was a very proud father when I heard the news. Family is important.

Some of you will know that I have a passion for cycling. Chandler Garvey has been the commercial sponsor of High Wycombe CC for several years and we recently renewed this. The club has a strong racing heritage, and our investment is being used to support young riders develop their talents. We have strong connections with our community and enjoy giving. I would encourage more businesses to do the same.

Looking ahead to our autumn newsletter, I’m slightly worried about what the big stories at that time will be, with an ongoing war in Europe and the prospect of further economic turmoil. We need to pull together and show the leadership that is currently lacking elsewhere.

Michael Garvey

DEAL DONE: The Wyke, Gerrards Cross

In March 2022 we were excited to bring to the market The Wyke in Gerrards Cross, an attractive three-storey, detached Edwardian property located within the village centre that had, until recently been used to provide supported living.

Whilst The Wyke remained covid-free throughout the pandemic, the combination of ageing and increasingly infirm residents and an inability to admit new residents led the Trustees to take the difficult decision to close the operation. At the end of 2021, the remaining two residents were happily moved to other local establishments.

Working closely with the trustees of the registered charity The Abbeyfield Gerrards Cross Society Limited and the charity law team at Hunters Law LLP we marketed the property in line with Charity Commission guidelines.

This was a unique opportunity and there was considerable interest with a number of bids being received. After a highly selective process, our client accepted an offer from a purchaser who intends to convert The Wyke into a facility providing community services, ensuring the property can continue to be used by local residents.

It was important for our clients to find a buyer that will ensure the property will continue to serve the local community and the purchaser was selected given its high regards for social and environmental impact.

The trustees have since started discussion with the charity The Heart of Bucks with a view to them providing their expertise to ensure the proceeds of the sale are applied to achieve the maximum benefit to the local community.

New Instructions

3 Cromwell Court, New Street

AYLESBURY – A modern, three storey, purpose built office building with undercroft parking. 2,616 SQ FT TO LET.

1 Grovebury Place Estate

Leighton Buzzard – An end of terrace industrial unit with office/reception area. 4,256 SQ FT TO LET.

Former Estate Office, Latimer Park

CHESHAM – A single storey, brick built property with parking available for use as offices or for medical/consulting rooms. 477 SQ FT TO LET.

1st Floor, 44 High Street 

MARLOW – A first floor, self-contained office suite situated in prime town centre location. 1,200 SQ FT TO LET.

Unit C Brow Business Centre, Copyground Lane

HIGH WYCOMBE – A two storey property comprising of ground floor workshop and first floor offices suitable for B1 use. 3,124 SQ FT TO LET.

Ground Floor, Buckingham House

AYLESBURY – A ground floor, modern office with parking located within the town centre 2,323 SQ FT TO LET.

Unit 2 Waterside Business Park

CHESHAM – A two storey, character office building with parking. A mix of cellular offices and meeting rooms. 2,010SQ FT FREEHOLD FOR SALE.

Woodside House, Woodside Close

AMERSHAM – A flexible office building ideal for a variety of uses, situated close to the tube station. 620 SQ FT TO LET.

SPOTLIGHT – MARLOW

For those that don’t know, Marlow is without doubt one of the loveliest locations on the River Thames, situated on a broad sweep of the river between Henley and Windsor and within the Chiltern Hills which is designated an Area of Outstanding Natural Beauty.

It has a lively town centre made up of historic streets with small, listed buildings and offers an array of shops, restaurants, wine bars and pubs which all add to Marlow’s charm.

 

The town’s main landmark is the graceful suspension bridge which spans the Thames joining Buckinghamshire and Berkshire.

It was completed in 1832 to designs by William Tierney Clark who also designed the bridge across the Danube in Budapest. Marlow’s earlier bridges all crossed the river from St Peter Street, one of the oldest and most picturesque parts of the town.

The lovely 23 acre Higginson Park has lawns for picnicking, riverside walks, a children’s play area and cafe.

We are fortunate to have a number of office listings in the town, of various sizes, that are currently available and would appeal to a wide variety of organisations.

Market Square (1,144 – 2,325 Sq. ft)
3 Globeside (7,400 – 22,200 Sq. ft)
Anglers Court (646 Sq. ft)
44 High Street (1,200 Sq. ft)

We would be delighted to discuss any of these properties with you if they were of interest, or indeed any other opportunities, that you felt that we could assist with.

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

MARLOW – Town Centre, refurbished offices, available as a whole or on a floor-by-floor basis. 1,144 – 2,325 SQ FT TO LET.

3 Globeside, Globeside Business Park

MARLOW – A prominent HQ office building with excellent parking set in an attractive landscaped environment 7,400 – 22,200 SQ FT TO LET

Suite 4B Anglers Court

MARLOW – A modern 1st floor office suite with open plan layout in a prime town centre location. 646 SQ FT TO LET.

Deals Done

1 Prebendal Court, Oxford Road, Aylesbury

LET – Former Handelsbanken premises close to Aylesbury old town was let recently to Alexanders Estate Agents based in the town centre. Recently refurbished to include new carpeting and flooring, the property also benefits from 7 car parking spaces. The ingoing tenant has agreed a new 10 year lease. 1,833 SQ FT.

Discovery House, Aveling Road, High Wycombe

SOLD – Acting alongside PMCD this high quality detached two-storey office building has recently been sold to a local owner/occupier . 6,761 SQ FT.

4 Paul’s Row, High Wycombe

LET – A prime town center, ground floor retail unit let on a new 15 year lease. 3,592 SQ FT.

64 & 64a Western Road, Tring

SOLD – A semi-detached building comprising ground floor retail space and upper floors converted to a spacious 2 bedroom apartment. 1,740 SQ FT.

9 Power House, Chesham

LET – A first floor office suite, recently let to a firm of accountants at the quoting rent. 795 SQ FT.

A4 Brunel Gate, Aylesbury

LET – A modern industrial unit with warehouse and offices let to an Aylesbury based business. 5,126 SQ FT.

12 Bourbon Street, Aylesbury

LET – Ground floor, A1 retail unit with period frontage in Town Centre location let on a 10 year lease. 639 SQ FT.

207-209 High Street, Berkhamsted

LET – Character property with large retail area and rear store situated on popular High Street, let on a new 20 year lease . 697 SQ FT.

Investing in Employee Wellbeing and Mental Health

As we all know Mental Wellbeing is important for us all. At Chandler Garvey creating a healthy workplace is key to ensuring our employees thrive and in order for us to do just that we reached out to Kerrie Brindle from BeneFIT Health & Wellbeing.

BeneFIT Health & Wellbeing  look to support companies in delivering effective health and wellbeing strategies through the promotion and delivery of wellbeing programmes along with in-house and online training.

We recently hosted the two-day Mental Health First Aid training course offered by Kerrie, at our head office attended by one of our staff members alongside a number of other local Buckinghamshire businesses.  The course explores different forms of mental illness, what they could look like in individuals and teaches people the tools to help.

To find out more about the courses and training provide by Kerrie, please visit her website for more information: benefithealth.co.uk

HQube in Bellfield Road, High Wycombe Wins RICS Design Award

The HQube development, which features 12 units for local businesses in shipping containers, was inspired by the DesBox scheme in East Richardson Street.

So far, seven of the units have been filled and discussions are ongoing with occupiers for the remaining units.

Despite the negativity at the time, RICS Awards judges said the design of the units was “innovative” and selected the site as its 2022 South East winner in the public sector project section.

They said: “HQube is an innovative development utilising repurposed shipping containers with a vision to encourage local business growth and animation to an area of High Wycombe that was formally a yard laid to concrete for many years.

This has been an exciting project for us to be involved in, working alongside the team at Buckinghamshire Council and we are looking forward to handing these units over to our Property Management Department after a successful completion.

Chandler Garvey Sponsors The Aylesbury Group Networking Event 

The Aylesbury Group is a networking group of businesses from the Aylesbury area who meet on a monthly basis at MIYA Japanese Grill and Bar. 

Chandler Garvey sponsored the event on the 7th June and Joanna spoke about the current MEES regulations regarding EPC’s and commercial premises.

From April 2023, landlords can no longer accept rent on F or G properties so please do check your current EPC rating: www.gov.uk/find-energy-certificate.

We can recommend an Energy Assessor to undertake an EPC on all types of commercial premises who can advise on any improvements that are necessary.

The Aylesbury Group are open to new members from non-competing companies so please do contact Joanna who can tell you more.

BRADMOOR FARM, HADDENHAM

NOW FULLY OCCUPIED

An independently owned business in the small, quiet village of Haddenham, Buckinghamshire.

A little history – Bradmoor Farm was purchased in 2006 by Jane and Steve Gollins who had high aspirations for the future.

 

In 2008 some 15,000 chickens occupied numerous chicken sheds and a thriving egg laying/farming business was born.

Following this in 2014 one of the existing hay barns was converted into the original farm shop and a 30-seater café.

The plans didn’t stop there…. Today Bradmoor boasts 16 retail units (most of which have been let by the Chandler Garvey Team in Aylesbury), a wedding venue, a huge café with farm shop, events venue and much more.

Chandler Garvey has worked hard to carefully select a complimentary mix of tenants which include a Hairdresser, a Florist, Luxury Furniture Store, Hot Tub Suppliers, Florence Nightingale Hospice Shop, Luxury Chocolatiers, a Cookery School, Tattoo Studio, a Gym and Specialist Gin Suppliers to name but a few.

 

These strong independent well-established businesses collectively form a “go to destination” without the hustle and bustle of the High Street.

With the beautiful backdrop of the Chiltern hills, whether you’re getting married or just want to call in for a coffee and piece of homemade cake… everyone is welcome.

www.bradmoorfarm.co.uk

New Reforms On The Horizon From The Queen’s Speech To Parliament

High Wycombe Corn Market

Several topics were raised in the recent Queen’s Speech to Parliament which was delivered by the Prince of Wales in Her Majesty’s absence. These topics relate to issues within the property sector, and we’ve examined how this could affect our clients.

The Levelling Up and Regeneration Bill would give Local Councils the power to force landlords to rent out commercial properties, to revitalise high streets and rejuvenate town centers. 

Those retail units that have been sat vacant for over a year would be liable. Boris Johnson aims to “restore neighbourhood pride”.

Whilst we are fortunate in the geographical areas that we cover, that this may not apply, in some instances there will be other reasons why retail units lie empty, and it’s not just down to occupiers believing that the occupational costs are too high. Many of our clients are pro-active in considering various leasing arrangements for vacant units, particularly if those units have been on the market for some time. That can include both flexible leasing terms and concessions relating to costs.

Councils will also be given greater powers to drive regeneration through Compulsory Purchase Orders (CPO’s). These CPO’s allow acquiring authorities to acquire buildings without needing the consent of the owner for public benefit. This may include acquiring land to build social housing or other regeneration projects.
In addition, to support a ‘thriving retail community’, pavement licensing red-tape will be permanently scrapped, freeing up businesses to serve food al fresco and attract diners all year round.

We’ll be following these topics closely and continue to update our clients as these new reforms progress.

CHANDLER GARVEY RENEWS IT’S RELATIONSHIP WITH HIGH WYCOMBE CYCLING CLUB

Chandler Garvey has had a long association with the High Wycombe Cycling Club, as a commercial sponsor, and we were delighted to renew this recently for a further 3 years. The club has a strong heritage for racing and previous members include David Miller who went on to win four stages of the Tour de France, five of the Vuelta a España and one stage of the Giro d’Italia.

The club has a strong junior section, and our investment are being used to support young riders develop their talent.

This week sees the launch of the club’s new kit, modelled by some of the members who took part in the Margaret Right Memorial Road Race last weekend, an event organised by the club that attracted a large field of riders in the separate male and female races.

www.highwycombecc.co.uk

Buckinghamshire Business Awards 2022

The Buckinghamshire Business Awards are an annual celebration recognising the innovation and success of businesses in Buckinghamshire.

The awards are an opportunity for local businesses to show that they are leaders in their field who excel through hard work and entrepreneurial vision. Each winner and finalist embody the spirit of entrepreneurship that makes Buckinghamshire renowned for success. Together, they all show that nobody does business like Buckinghamshire.

The awards are an opportunity to applaud the entrepreneurial spirit of both large and small businesses throughout the county and to honour those who have contributed to an outstanding year.

There are 11 award categories to enter, and businesses can enter up to two categories. The prestigious Company of the Year Award will be given to the company chosen from all the finalists across all of the awards.

We are sponsoring the awards once again this year with the Community Champions Award.

This is something that we at Chandler Garvey are particularly passionate about as we believe that it is incredibly important to give back to the community within which we work. The Community Champions Award gives us the opportunity to recognise and reward other businesses that do just that.

Entries for the 2022 Buckinghamshire Business Awards are open from March 2022 and winners will be announced at the Awards Ceremony in September 2022

For more information on the awards, visit the Buckinghamshire Business First website here: bbf.uk.com

AWARD CATEGORIES

Apprentice and Young Person Employer

Community Champions Award

Creative Business

Enterprising Business

Excellence in Customer Service

Growth Business

Innovative Business

New Business

Net Zero Business

Tourism, Hospitality and Leisure Business

Young Entrepreneur

*** Company of the Year ***

National Trading Standards View on Price on Application

The National Trading Standards Estate and Letting Agency Team have updated advice to agents regarding the use of price on application on property listings.

Consumers in both the residential and commercial sectors make decisions depending on price and if this is not included in the portal listings, decisions cannot be made.

Propertymark are liaising with industry specialists on a project to define what information is mandatory within property listings which would include the price or rent.

Chandler Garvey rarely use price on application as we understand that occupiers need to know the price or rent when choosing to view a property.

We spend time getting to know the occupiers to understand their requirements in more detail, this does include their budget.

By taking time at an early stage, we can get under the skin of our applicants so the team can send relevant properties which include the quoting terms.

Proud Sponsors of Kimble Point-to-Point Races 

The Kimble Point-to-Point Races returned for the Easter weekend after previous years being cancelled due to the pandemic.

We were delighted to be supporting the event again this year and the day couldn’t have gone better.  Not only were we blessed with incredible blue skies and plenty of sunshine but we were also really pleased to see such a strong attendance with a crowd of just over 7,000!

Held in Great Kimble, the event proved, once again, to be a great day out for all the family. There are plenty of activities to entertain the kids throughout the day whilst the family dog show, trade stands and food/drink stands keep you occupied between races.

For more information or additional local events held throughout Buckinghamshire please visit the website: kimblewickraces.co.uk 

Kimble Races

James Garvey, Assoc RICS

Last week, I was delighted to hear that I have become an RICS Associate professional after 3 years of studying.

I am the first to admit that academic study is a struggle for me and unlike many property professionals I didn’t go to university and take a first or second degree in real estate.

The pathway I took is more practical and demonstrates that you can achieve a qualification in different ways if you put your mind to it. 

I am grateful to the University College of Estate Management and the team for delivering the Surveying Technician Course that formed part of my RICS qualification as well as the support offered by Chandler Garvey Ltd.

I would encourage anyone who is interested in qualifying as a Property Specialist to seek advice and visit the University College of Estate Management to view the available courses.

Nic Willoughby Fund Spring Ball a Huge Success!

The Nic Willoughby Fund Spring Ball was back by popular demand on 30th April. The black tie event, which included a 3 course meal, live music, raffle and prize auction, was hosted by The Oxfordshire Hotel in Thame was an amazing evening of fun and fund raising.

The event was a great success raising a hefty £8,646.72 for the fund which will go towards providing local CRY (Cardiac Risk in the Young) heart screening for 14-35 year olds.

The evening was well attended with the Tree of Surprises and Auction doing exceptionally well in helping to add to the fundraising pot.

As a supporter of the Nic Willoughby Fund Spring Ball the Chandler Garvey team were out in force.  We all have a wonderful evening and would highly recommend attending the next one.

To read more about the Nic Willoughby Fund or to donate please visit the website: nicwilloughbyfund.co.uk

Chandler Garvey are Cyber Essentials Certified

Kimble Races

We are pleased to announce that we’ve passed our Cyber Essentials certification.

With the increasing number of online threats to businesses and organisations we are committed to our cyber security and ensure that we take steps to safeguard our companies’ systems from cyber-attacks.

By becoming Cyber Essentials Certified we are being a proactive about our online security and demonstrating that we are taking essential precautions to protect our business against cyber threats.

Developed and operated by the National Cyber Security Centre (NCSC), Cyber essentials is an effective, Government backed scheme set up to ensure that we have the correct procedures and strategies in place to protect ourselves from cyber threats, such as hacking and malware.

If you’d like to know more about becoming Cyber Essentials Certified please visit the website:

www.ncsc.gov.uk/cyberessentials

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