CoStar – Rise of the Regions

The 2017 CoStar UK Commercial Property Investment Review reports that Commercial property investment soared across many of the regions in 2017, with the proportion of capital placed outside of London reaching a 10-year high in the fourth quarter.

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Boultbee Brooks sells Amersham office to TEAL Property Holdings

Boultbee Brooks sells Amersham office to TEAL Property Holdings for £5.2m

Boultbee Brooks Real Estate (BBRE), the privately-owned investment and development company, has sold Latimer House, Anglo Office Park, Amersham to TEAL Property Holdings (TPH) for £5.2m (£235 psf). The 2002 built office property, which was formerly occupied by the Bank of Scotland until their lease expiry in November 2017 will become the new corporate headquarters for the UK’s largest independent toy retailer, The Entertainer.

The property, located less than a mile to the east of Amersham Town Centre, provides direct access to Junction 18 of the M25 and junctions 1 and 2 of the M40, and is a short drive from Amersham Rail station and Chalfont & Latimer underground station.

Arranged across two floors and split into two separate wings, Latimer House provides circa 22,000 sq ft of flexible modern accommodation with 83 car spaces offering an excellent parking ratio of 1:268 sq ft.

Lucy Boultbee Brooks of BBRE, said: “Having acquired Latimer House in 2015 as a high yielding office investment with a short unexpired term, our original business plan had been to proactively refurbish the building at the end of the Bank of Scotland lease. We subsequently however received the TPH approach via Chandler Garvey, who we had retained to advise on the local occupational market. It soon became clear they were keen to acquire the property for their own occupation and we were happy to engage with them and agree an earlier than planned exit.”

Robert Cannock of Aurum Real Estate Partners; BBRE’s retained portfolio investment advisor, further commented, “We regularly review opportunities within BBRE’s portfolio and whilst this sale wasn’t planned, we are happy to opportunistically dispose of the asset as it returns equity to the business at a time when we are actively seeking new speculative opportunities throughout the South East and strong regional centres.”

BBRE were advised by Aurum Real Estate and Chandler Garvey.

The Fastest Start to a New Year Ever!

For commercial property consultants, the New Year can sometimes be disappointing, as investors/developers and occupiers in the business community are slow to put plans into action, even if they have a New Year’s resolution to invest/develop/relocate etc.

This January has been noticeably different though, with very clear signs from the start that players in the sector were very keen to move quickly with plans and as a result we have had the busiest January that we can remember.

We have brought more than 20 new instructions to the market, totalling over 50,000 ft² of office, industrial and retail space. We have been appointed by several occupiers to relocate them and have already completed on some notable freehold and investment sales exceeding £10 million.

“I have never been more optimistic about our business, given the many new projects we are involved with and the many large long-term investment and development projects that are now in the planning stage. Despite some obvious uncertainties in the national and global economy, the business community and developers/investors alike seem determined to progress plans with all speed.” Michael Garvey, Managing Director

Interesting Rise of the Regions article in @costar UK Commercial Property Investment Review for 2017.

20th February 2018

We’re Recruiting – Administration Assistant

We are looking for a full time, permanent Administration Assistant for our busy High Wycombe office, to support our team of Agents. Previous office experience is essential, as well as the ability to keep our property software system up to date and good customer service skills.

For the full job description, please click on “Read More”.

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We’re Recruiting – Facilities Manager

We have a rapidly expanding property management department that manages numerous sites throughout the region, ranging from small retail and residential investments for private clients, up to large business parks and industrial estates for high-profile clients and funds. A full-time Facilities Manager is now required to join the team and play a crucial role developing the department further.

Apart from commercial property management, we have also become increasingly involved in residential block management and this is an area of our business where we anticipate significant growth in the near future. It is therefore important that the successful applicant has a good understanding of the key requirements of managing residential blocks as well as commercial buildings. However, specific block management awareness training can be provided if necessary.

Please send CV and covering letter to Mrs Charlie Hughes

For the full job description, please click on “Read More”

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New Gym for Marlow

Marlow will shortly have a new 5,000 sq ft gym, which will be located on Fieldhouse Lane, Globe Business Park. The site used to be occupied by Cobham Plc, but is now making way for a mix of uses, including a new hotel.

The site is owned by Wycombe District Council and was marketed by us. Martin Somers, Divisional Director commented: “This is another positive step forward for Globe Business Park, bringing in more services for the public and local business, with the hotel to come and another cafe to soon be announced on the Park”.

The new site is let to LeoGym and will be an exclusive state-of-the-art CrossFit & Yoga studio in Marlow, offering Functional Fitness, Yoga, Personal Training, Organic Nutrition and Sports Therapy/ A cutting edge fitness playground with a vibrant community and leading coaches. LeoGym says “working out should be fun, whilst results are guaranteed”. MTV are understood to be making a new programme at the gym.

Last Unit on Chess Business Park now Let

We have now let our last office unit in Chesham. Unit 8, The Chess Business Park is a good quality office of 1,375 sq ft over ground and first floor, with 5 car parking spaces. The Unit has been let with a five year lease at a rental of £20,625 per annum, exclusive.

Howlands Road, Thame Sold

Freehold property, Unit P, Howlands Road, Thame, has recently been sold close to the asking price of £900,000. The property, which is 10 years old, provides 5,424 sq ft over ground and first floor, with a secure yard at the rear.

Deal Done on B1 / B2 Broadfields Court, Aylesbury

This rare industrial freehold unit has been recently sold in Aylesbury. The property comprises 6,085 sq ft over ground and first floor and was sold close to the asking price of £575,000.

Landlords…..take advice before agreeing lease renewals

In several areas around the Thames Valley, there is an acute shortage of industrial warehouse units. In these uncertain times, many tenants are choosing to stay in their current premises until the economic market is more stable. This means that they are entering into lease renewal negotiations with their Landlord.

It is very easy for a Landlord to be too hasty to accept an increase in rent without taking advice from commercial agents, often a rise in rent of circa 10% seems like a good increase.  However, leases that were signed in recessionary times are now coming to an end. Some industrial rents in the High Wycombe area that were signed at circa £4 – £5 per sq ft are now being let around £9.50 – £9.95 per sq ft, so it is easy to see how judging your new rent based only on the percentage increase can be financially dangerous.

New Patisserie coming to White Hart Street, High Wycombe

Chandler Garvey has successfully let 17 White Hart Street to a local patisserie manufacturer where they have signed a new 15 year lease to set up their first retail store.

Fit out works are under way, with an expected opening date in August.

Chiltern 100 Cycling Festival

Looking for a challenge this Summer?  We are proud to be shirt sponsors for Action4Youth for the Chiltern 100 Cycling Festival, taking place on Sunday 16th July.  With a variety of distances, this event is open to anyone who enjoys getting on a bike and experiencing the beautiful Chiltern Countryside.    For further details on the challenge and Action4Youth, click here

All Units now let at Riverside Business Centre

All business units at the Riverside Business Centre have now been let since the beginning of this year.

Chandler Garvey be a Sponsor for Action 4 Youth at the Chiltern 100 Cycling Festival

We are delighted to announce that we are one of the sponsors for Action 4 Youth at the Chiltern 100 Cycling Festival, taking place on Sunday 16th July.   “Chandler Garvey is delighted to be a sponsor of Action4Youth in respect of the Chiltern 100 Cycling Festival and for Managing Director, Michael Garvey, this is the perfect combination reflecting his passion for cycling and a passion for giving support for Bucks based businesses and charities. Michael will be riding in the event and proudly wearing the charity’s shirt with the Chandler Garvey logo.”

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Deal Done on Corinium Industrial Estate, Amersham

Alan Chandler has successfully negotiated the sale of Unit 8, Corinium Industrial Estate, Raans Road, Amersham.  The unit of approx. 7,392 sq ft was sold for around £770,000.

Units 12 & 13 Chess Business Park recently sold

Gullets & Sons, contractors/developers from Chesham bought the acre site on the Chess Business Park several years ago and have developed various units.  Units 12 & 13, 1,393 and 1,191 sq ft respectively, have both been recently sold to separate buyers with the sale price in the region of £270 per sq ft for each unit.

The Gym Group Opening in High Wycombe

A national gym company has taken 16,000 sq ft of accommodation in Castle Street, High Wycombe.  Planning permission has been granted for a change of use for the first floor of the former Woolworths store to become a modern gym with street level access off Castle Street, due to open in Spring 2017.

Patrick Mellors of Chandler Garvey commented “We are delighted to have secured a lease with The Gym Group Plc for our clients.  This is one of the biggest lettings in the town in recent times and is a real boost to the town centre, offering 24/7 access”.

Scannappeal Raise over £2,000 at Mike Tindall Evening

We were delighted to be a part of the Evening with Mike Tindall event that Scannappeal hosted last week and are pleased to report that they raised over £2000 for their Cancer Fighting Fund Appeal.

Unit B, Knaves Beech Business Centre, High Wycombe recently let

Chandler Garvey have let Unit B, Knaves Beech Business Centre, High Wycombe, to local business ATT.  The 20,000 sq ft property is located in a prominent position on Boundary Road and the tenant has taken a sub lease until December 2021 at a rent of £160,000 pae.


For Sale – 27 Units on Space Business Park, Aylesbury

Space Business Centre, a development of 27 units located on the Space Business Park, Aylesbury are a modern construction with units ranging from 367 sq. ft. up to 908 sq. ft. and are fitted with a mezzanine floor. The total accommodation on the estate is 19,541 sq. ft.

The freehold is owned by Aylesbury Vale District Council and Kingston Space Ltd are the long leaseholders, with over 130 years remaining. Units are available for sale from £64,000 plus VAT.


249 Main Road, Walters Ash now sold

We have recently sold 249 Main Road, Walters Ash, a single storey building of 1,611 sq ft to a local dentist.  Martin Somers, Head of the Agency Department at Chandler Garvey commented “the market for freehold sales is very buoyant at the moment and we have recently completed sales on over 45,000 sq ft in the past month”.

Unit 11B The Merlin Centre now let

Chandler Garvey, along with joint agents, Savills, have recently completed a letting of Unit 11B The Merlin Centre, High Wycombe, on behalf of Aberdeen Asset Management.

Thame House sold for redevelopment

We have recently secured an off market deal for Thame House, Castle Street High Wycombe, which comprises 31,000 sq ft of retail and office space, to be converted into approximately 50 residential apartments.  Michael Garvey, Managing Director of Chandler Garvey comments that this is a significant deal for the High Wycombe market that will deliver much needed town centre residential accommodation.

Modern Industrial Unit Nr Thame

A 10,742 sq ft modern industrial unit to let / for sale at Wornal Park, Menmarsh Road, Worminghall, Nr Thame, a rural location, approximately 8 miles due west of Oxford City Centre.

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New Bridal Shop for Great Missenden

We have recently completed the lease on 76 High Street in Great Missenden.  The property provides 996 sq ft of High Street retail space which has been let on a 5 year lease  and the new tenants “White Lace and Butterflies” will be opening a new wedding and bridal shop.


Rent Reviews

We are currently dealing with a significant number of rent review instructions, driven by increasing commercial rents and the restoration of confidence among landlords, following the last recession and the difficult years that followed.

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There are certainly very positive comments to be made about Chandler Garvey.  Very hands on. Strong on client services, easy to work with.  Flexible and pro-active.  Wide-ranging skills.  Value adders.

Michael Quinlan, HiWyc Investments

Thanks for all your help, it was refreshing to deal with a property agent who was professional and down to earth, rather than chasing the deal.

Jayesh Patel, Jacquards

We have used the services of Chandler Garvey for well over twenty years.  They combine an efficient professionalism with friendliness and approachability and are highly knowledgeable about the local property market.

Suzanne Bryden, CliniMed

Aylesbury Vale Portfolio Sold

Alan Chandler of Chandler Garvey (Aylesbury) has successfully sold this small property portfolio comprising; two offices in Stone, and another office in Temple Square in Aylesbury old town.

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