News & Events

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Chandler Garvey is proud to announce that it has been accepted onto the NHS London Procurement Partnership’s Dynamic Purchasing System (DPS) for Estates Professional Services, recognising the work it is undertaking for several public-sector organisations and streamlining the process for future tenders.

Acceptance on the DPS follows a rigorous assessment of working practices and procedures, to ensure consistent high levels of service and adherence with statutory and regulatory requirements.

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

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Jack Kempster, one of our Graduate Surveyors, answers this month’s query.

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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.

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.

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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.

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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.

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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.

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

We have successfully let the Vernon Building since the start of the year , resulting in a shortage of stock in the area.

Chandler Garvey recently assigned the lease on 132 White Lion Road, which was the former gun shop.  The property has…

We are delighted to announce that we have 2 new members to our High Wycombe and Aylesbury team.  Jack Kempster,…

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.

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For all the latest Commercial Property news in Marlow, take a look at our latest Newsflash.

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”.

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.

Martin Somers, Divisional Director at Chandler Garvey, answers your commercial property related questions.

For news and views on the Commercial property market, read our latest newsletter.

Take a look at the PDR highlights of deals done in the County.

More people in Buckinghamshire and Hertfordshire are signing up for high-speed fibre broadband than ever before thanks to the work of the Connect counties programme.

Connie Chandler is running the London Marathon this year for Thames Valley Air Ambulance because they saved her Mum’s life.…

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.

We have relocated our head office in High Wycombe to larger, fully refurbished premises in the Town Centre.  Previously based in Thame House, we made ourselves homeless when we sold the 30,000 sq ft office property for residential development.

The new premises at 4 Paul’s Row were being marketed by ourselves for the owner and it was an interesting discussion when we announced to our client that we had found a tenant willing to take the spaces!

Michael Garvey commented “Having sold Thame House to make ourselves homeless, it was fortuitous that we were marketing office premises in the Town Centre that were just right for us.  the new landlord client was a little surprised when I told him who the prospective new tenant was though!  The new offices are more spacious than our old ones and we have been able to practice what we preach, the fact that the quality of a firm’s premises are a reflection of its corporate identity and investing in good quality premises can have a direct bearing on the success of the business”

We have had an active 2016; winning the EGi Deals Competition for Buckinghamshire that recognises the firm that has done the most commercial sales and lettings in the county, has sold office property for residential conversion in excess of £20m and has been appointed on a number of high profile disposals including 100,000 sq ft of newly refurbished Grade A offices and land for development totally more than 50 acres.

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”.

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.

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.

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.

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.

7/8 The Arcade, Maxwell Road HP9 1QT – ground floor retail, providing 908 sq ft of space

The property is located in a prominent position, close to the junction of Station Road. Beaconsfield, which has become very popular due to its location being a few minutes from junction 2 of the M40, therefore being in close proximity to Central London, Heathrow Airport and beyond. In addition,  Chiltern Railways runs a very fast and efficient service to London Marylebone and Birmingham Snow Hill.

Chandler Garvey have recently sold a rare virtual freehold property on the Midshires Business Park, Aylesbury.

Martin Somers, Divisional Director talks about the 2017 Rates Revaluation

Chandler Garvey take pride in the positive feedback received as we reach our first anniversary of our Marlow office.

Chandler Garvey acquire high quality office space for Marlow business, Thomas International.

Chandler Garvey has secured buyers for Thame House, Castle Street and Castle House, Desborough Road, High Wycombe

Chandler Garvey are delighted to announce that they are winners of the EGi Most Active Agent for Buckinghamshire 2016.

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Chandler Garvey can confirm that Charles Tyrwhitt Men’s Tailors are to move to the High Street, Marlow.

Chandler Garvey is involved with 4 major office refurbishment schemes that will deliver circa 90,000 sq ft of new Grade A office space to the market.

Take a look at the latest edition of the Chandler Garvey newsletter for our news and views.

This 1.56 acre plot at Asheridge Road, Chesham has recently been sold by Chandler Garvey.

The UK Space Agency is investing £4.12m in a National Propulsion Test Facility at Westcott, near Aylesbury.

Chandler Garvey is proud to continue to sponsor the High Wycombe Cycling Club.  Over the past few years, the club…

What impact will the decision to leave the EU have on the current commercial property market?

Earlier this year Chandler Garvey was appointed as one of the joint letting agents on Westcott Venture Park near Aylesbury.

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.

Chandler Garvey are busy doing lettings and sales of retail properties in the town centre.

A major milestone has been reached in the rollout of superfast broadband in Buckinghamshire, providing broadband coverage for 90% of homes and businesses in the county on time and under budget.

As founding members of Bucks Business First, we joined them to celebrate the awards last week.

St John’s House, Princes Risborough recently purchased for conversion to residential.

Bridge House, Great Missenden has recently been sold in excess of the asking price.

PDRs allow certain building works and changes of use to be carried out without having to make a planning application.

Michael Garvey recently presented at the Buckinghamshire Broadband – The Final 5% event.

Westcott Venture Park is attracting a diverse range of tenants.

2 more suites let on Anglo Office Park.

Turn to page 23 for Michael Garvey’s article in this month’s Commercial Property Monthly on how Buckinghamshire continues to strengthen

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Chess Business Park Units now all sold.

A great night was had last Thursday, when Phil “Tuffers” Tufnell entertained an audience of more than 300 at Sytners,…

Chandler Garvey have received instructions from Rockspring to become one of the marketing agents for 29,500 sq ft.

As Vice Chair and Non-Executive Director of Buckinghamshire Business First, Michael Garvey was invited to officially open the new business hub…

Chandler Garvey have received instructions from Rockspring to become one of the marketing agents for 14,000 sq ft.

As of the 1st January 2016 the Code of Measuring Practice for office space has been superseded by the International…

The long-awaited Wycombe Leisure Centre opens today.

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.