Property and asset management company, FI Real Estate Management (FIREM), has announced that Swindon’s Cheney Manor Industrial Estate, Lynton Road is now fully let for the first time in five years with the latest deal on the estate. The site has been at 90% occupancy, however the recent national uptake in industrial property has shown Lynton Road to be a popular destination for trade and industrial businesses alike.
Cheney Manor proved to be the perfect fit for Adam Asher Limited, which will be running two parallel businesses involving a franchise purchased from Practical Car and Van Rental, as well as a branch of ThreeSixty Alloys from Reading who specialise in alloy wheel refurbishment. The deal for Unit 5 on the 1.9 acre site was agreed with FIREM on a 10-year lease. From enquiry to completion, the deal took less than six weeks to finalise.
Adam Ashar will be in good company in its new home, with existing tenants including car repair specialists, Automax, nationwide trade suppliers, Tool Station and equipment hire company, Speedy Hire.
Zeeshan and Irfaan from Adam Ashar Ltd. said: “I want to thank FIREM for working so rapidly to enable us to secure this space during lockdown. Not only does this location and unit suit our requirements perfectly, we also know we’re in good company with our new neighbours. Each of these factors will be instrumental in us realising our growth plans.”
A spokesperson for FI Real Estate Management commented: “We’re delighted with this lease agreement and the speed in which we were able to turn it around. The deal is great news for all the tenants at Cheney Manor, Lynton Road, the Swindon business community, and the industrial sector more widely. Seeing such confidence in this market – at a time when other industries are struggling – is testament to the buoyancy of the UK industrial market right now. We wish Adam Ashar every success in their new Swindon base.”
Cheney Manor at Lynton Road comprises eight industrial units, with a total square footage of 40,807. Each unit consists of a warehouse or production area, with an additional ancillary space used for offices or for trade sales.
Ideally located off the M4, Cheney Manor is less than a five minute drive away from Swindon Train Station and the town centre. With the A419 also a short drive away, the site is a perfect choice for businesses requiring easy access to the rest of the UK.
FIREM’s extensive UK industrial portfolio currently totals 4 Million sq ft with a further circa 2 Million sq ft of new build in the pipeline available spaces start from 500 sq ft. to more imposing units of 80,000 sq ft.
