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Bristol
Canard Court, a high quality office
Swindon
development, is currently under construction Papa Johns (GB) Ltd has acquired
in Bristol’s city centre with £3.5m backing 92.9 sq m (1,000 sq ft) on the ground
from the Bristol branch of Allied Irish Bank floor only of Unit 10, Cavendish Square,
(GB). Swindon by way of a new 15-year fri
The office development is located on the lease, by way of service charge,
former College of Commerce site, which has incorporating five-yearly rent reviews and
been empty since 1975. The site, which is a tenant only option to break at the
situated on St Georges Road, just off Park expiration of year 10.
Street bordering Clifton and central Bristol The initial passing rental is
and in walking distance to Queens Road and £15,000 pax.
Canard Court, Bristol
the Harbourside, has also been chosen by Williams Gunter Hardwick
the Environment Agency as the location for represented Papa Johns, whilst the
Cullompton
their new national headquarters. lessor, LeeHampton Developments
Canard Court has been designed to a (Cavendish Square) Ltd was
Gladman Developments has launched a
grade A high specification with represented by King Sturge LLP.
major new business park.
accommodation comprising a total of
They have detailed planning permission
14,985 sq ft set over four floors.
allowing them to develop up to 150,000 sq ft
The Canard Court development is priced
Truro
of office and industrial space at Cullompton
at £27.50 psf and is due for completion in Miller Commercial in Truro have reported
Business Park, a new nine-acre businesses
September 2008. Joint agents on the the letting of two retail units within the
park, which it plans to construct adjacent to
development are Alder King and Hartnell former Lukes premises on Lemon Quay,
J28 of the M5.
Taylor Cook. in the centre of Truro. Having been
At Cullumpton Business Park, Gladman
divided into three separate shop units,
Developments is offering design and build
two have been let to local businesses.
opportunities for offices up to 25,000 sq ft
Chepstow
Before the units were split, the
and for industrial units up to 100,000 sq ft for Construction of south Wales’ largest
landlord had been offering the unit as a
pre-let or pre-sale. Quoting prices for the speculatively-built warehouse has been
whole. Those units sold have been let as
new buildings are competitive with those in completed at Chepstow.
proportions of the original quoted rental
the nearby major centres of Exeter, Taunton The 180,000 sq ft Unit B warehouse at
of £130,000 for the whole premises. The
and Bridgwater. the Severn Crossing Industrial Park on J2 of
last unit is being made available on a
The new business park is adjacent to the the M48 near Chepstow has been built by
new, proportional, fri lease, off an asking
well-established Kingsmill Industrial Estate. Frontier Estates.
rental of £40,000 pa.
Joint agents for Cullumpton Business The Bristol office of DTZ is acting on the
Park are Stags Land and Development and company’s behalf. The developers have
Vickery Holman. invested more than £15m in the park.
Barry
Devon
Cooke & Arkwright have let 132 Holton
Road, Barry to Holland & Barrett Retail
The first phase of the new Mid Devon Business Park at J27 of the M5 motorway has been
Ltd for £34,000 pax on behalf of Marie-
completed with strong levels of interest in the business units.
Ann Jones.
Around 50 potential occupiers and property agents attended an open day at Mid Devon
The property comprises 1,200 sq ft
Business Park, to see the 15 speculatively developed units.
and has been let for 10 years with five
The first phase of Mid Devon Business Park named Ethmar Court provides a range of
yearly rent reviews.
small business units suitable for industry, offices and storage with installed mezzanine floors
for extra flexibility. Ranging from 1,110 to 2,400 sq ft, with freehold prices starting at £120,000,
a number are now under offer to businesses from the immediate area. The units are also
available to rent.
London and Devonshire Trust has masterminded the scheme.
Agents dealing with the space are DTZ Bristol and Keningtons.
Retail Deals
Falmouth Bristol
On behalf of the National Maritime Museum, Hootons Commercial Ltd announces the
Swansea
Charterwood have let Shop 2, Tidemill House, letting of 123, Coldharbour Road, Westbury Barberry Group has exchanged
Discovery Quay, Falmouth. Park, Bristol, a lock-up shop of 26.82 sq m contracts to purchase Phoenix Retail
The shop will trade as The Bottle Bank and (289 sq ft) for £6,500 pa on a six-year fri Park and Lion Way Retail Park, Swansea
is due to open in early July. The premises were lease to a private individual. (pictured above),for £10.3m from
offered on a new lease at a quoting rent of The landlord was represented by Hootons International Asset Management
£18,000 pa and terms were agreed at a figure Commercial Ltd. The tenant was Company, Threadneedle.
slightly less than the quoting rent. unrepresented. The 7.9-acre site, part of the
established Swansea Enterprise Park,
Mullion Swansea
comprises two retail warehouse parks
constructed in 1985, totalling
Miller Commercial have completed the sale Acting on behalf of Willow Management,
95,000 sq ft, with 359 car parking spaces.
of a single storey retail unit in the centre of Lambert Smith Hampton have let a three
Current net rents are £896,706 pa
Mullion on the Lizard Peninsula. storey retail property at 4-6 College Street,
with rents from £9.50 - £12 psf.
The freehold premises, which formerly Swansea to Welsh Tartan & Formal Hire Ltd.
Lambert Smith Hampton acted for
traded as Artisan, were marketed off a guide Located in the city centre, the property
the Barberry Group with King Sturge
price of £50,000 and were acquired by a has been taken on a 10 year lease at a
acting for Threadneedle.
local florist, Mullion Flora. passing rental of £20,000.
Property News August 2008 7
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