Acting on behalf of the owners of Chesterton Estate Yard, Drake Howard Property has leased 1.2 acres of land, including a workshop building of 2,470 sq. ft. to Safesite Facilities Limited.
The site is located close to the Fosse Way and Jaguar Landrover, with M40 motorway junctions 13 & 14/15 close by at Gaydon and Warwick, respectively. The parcel of land, with workshop, is outlined in red at the rear of the Estate Yard on the aerial photograph.
The agent reports the recommendation to market the property on an ‘either or’ basis produced a substantial number of enquiries for both land with a workshop and land with an office (at the front of the Estate). However, the strongest demand came for the rear part of the property and of those enquiries, Safesite Facilities proved the most robust prospective tenant and keenest to proceed quickly.
In fact, the tenant was in occupation of part of the land by way of a licence from August last year, as their need for a secure Midlands storage facility was pressing. Ultimately, the West Sussex based Company signed a 5 year lease at close to the Landlord’s asking rent.
Safesite Facilities Limited supply concrete and water barriers and hoardings for traffic management, construction projects and all types of sporting occasions, events and festivals across the UK. Allied to this business they provide waste and site cleansing services and have become recognised fencing and security systems contractors.
To accommodate the letting the owners of the Estate have rationalised their land use at the Estate and have obtained planning consent to construct a replacement workshop/barn for their agricultural land ground works machinery.
Drake Howard Property was pleased to work with the owners over the best part of 2018 to facilitate disposal of land in progressive parts, in order to dovetail with ground and construction works to adapt the Estate Yard to new occupations. Martyn commented, “This was not always a simple and smooth undertaking, but a level of understanding and goodwill from all concerned saw the property disposal over the line to a successful conclusion.”