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Newport
The former headquarters and warehousing for a Newport business has been
acquired in a deal worth £2.25m.
Leeway House, on the city’s Leeway Industrial Estate, was previously
occupied by D & S Wholesale a business owned and run by Newport entrepreneur
David Lippiatt.
The property, which comprised a 70,000 sq ft building on a three-acre
site with one of the acres of land available for redevelopment, has been
acquired by Heartlands Furniture Ltd.
The freehold building, once refurbished and converted, will be run as
a franchise of the Birmingham-based self-storage business Storage King
which operates from some 40-plus sites right across England and Wales.
Some 10 jobs are likely to be created by the new venture. Hutchings and
Thomas brokered the sale of building while John Bodinham & Partners,
acted for Storage King.
Unit 1, 147 Colchester Avenue, Penylan, Cardiff has been let to ICI Dulux Decorator Centres by Fix-UK General Partner Ltd & Fix-UK Nominee Ltd.
The 9,908 sq ft property has been let for £70,750 pa following a rent review.
King Sturge acted for the landlords and Fletcher Morgan for the tenant.
Bridgend
Units 3 & 4, Kingsway Buildings, Bridgend Industrial Estate have been let to Buy as You View by Starburst UK Ltd.
The property comprises 25,934 sq ft and has been taken on a 10 year lease with a five year break.
DTZ acted for Buy as Your View.