Having recently secured the letting of a 10,000 sq ft office building at Methuen Park in Chippenham, strategic real estate adviser Avison Young has now been instructed to sell the investment interest in the property, Building B1 Methuen South, on behalf of the owner.
Building B1 at Methuen South is one of six high quality office buildings arranged in a landscaped setting with on-site car parking. The self-contained property is arranged over ground and first floors, with a new five-year lease on the building signed by SSS Ltd, at a rent of £16.00 per sq ft, advised by Whitmarsh Lockhart of Swindon. SSS Ltd is a technology company providing services and solutions to public safety clients.
Located to the south-west of Chippenham town centre, Methuen Park is one of the town’s premier business parks with excellent communications links due to its position adjacent to the A350 close to its junction with the A4 Bath Road, around 4 miles south of the M4 at junction 17.
Paul Williams, Director at Avison Young, comments,
“Methuen South is situated on one of Chippenham’s best business parks, offering modern, flexible office space in a landscaped setting and close to a range of local amenities. We were therefore not surprised it appealed to an occupier such as SSS Ltd who were looking for high quality accommodation of this nature.”
Miles Cross, Director at Whitmarsh Lockhart added, “Our clients were seeking open plan office space in Chippenham to support the growth of their business and new ways of working following the covid pandemic, and B1 Methuen South fit the bill perfectly. They are delighted with the property and location.“
Richard Howell, Director in the Capital Markets team, who is handling the sale of the building, commented, ‘’It is unusual to find a building of this size and quality coming up for sale in Chippenham with a strong tenant covenant and we expect it to appeal to a range of potential purchasers seeking this type of investment opportunity.’’
