Latest commercial deals
A selection of commercial property transactions Fenn Wright have recently been involved in:
Kent Blaxill step into Kent
Fenn Wright recently acted for Kent Blaxill in the acquisition of their 18th branch in Tunbridge Wells, their first in Kent.
Over the last 8 years, Fenn Wright have assisted Kent Blaxill in acquiring 11 of their branch premises throughout Essex, Cambridgeshire, Norfolk, Lincolnshire and South Leicestershire. Their most recent acquisition comprises a brand new unit at Lamberts Park on the well established North Farm Industrial Estate north of Tunbridge Wells town centre.
Simon Blaxill of Kent Blaxill commented “The key to acquiring good sites for Kent Blaxill is firstly to identify them but equally as important is to then conclude a deal with speed. The relationship we have developed with Fenn Wright is to do exactly that with each knowing what is needed to get a deal over the line. Honesty and trust are key to all being able to achieve the best outcome which is a relationship Kent Blaxill seek to achieve with all its professional partners. We consider Fenn Wright to be part of our own team.
Kent Blaxill has a model for its decorative branch expansion with a view to establishing a 30 branch network in the near future. Supplying largely to the trade, KB also sell quality paints to the public with technical advice, as required, so location is very important. While the market is changing and online will take some sales, a local outlet with quality paints and knowledgeable staff continues to be a strong business model.”
A substantial part let and income producing industrial investment, totalling approx. 18,800 sq ft (1,747 sq m), has been sold on behalf of private clients.
We are pleased to confirm the sale of this vacant, freehold, three storey office building. We experienced a high volume of enquiries for this property and were able to successfully complete a sale within just three weeks of the property being placed on the market, at a figure in excess of the asking price.
A prominent and detached industrial / warehouse premises, totalling approx. 20,900 sq ft, has been let. 1 Stephenson Road, Clacton benefits from main road frontage and a large fenced and gated yard area. Let to a local and rapidly expanding heating & plumbing company.
Fenn Wright are pleased to confirm Oliver’s Farm Industrial Estate has been sold. The site, which totals 2.44 acres, was previously occupied by Danbury Fencing who had traded on the site for over 30 years. The site attracted a lot of interest and a sale was agreed in excess of the £1.75m asking price to Dunster House, one of the UK’s largest and well known suppliers of log cabins and wooden garden buildings.
Fenn Wright are pleased to confirm 1-3 Moss Road, Witham, has been sold to a private investor who is looking to lease the property on competitive terms. The property totals 25,349 sq. ft. and benefits from a secure yard. If you would like further information on this property please contact our North Essex commercial team on 01206 854545.