Bassett distribution depot bought for £2.5m
A 50,000 sq ft warehouse in Wootton Bassett has been aqcuired in a deal worth £2.5 million.
Bishopsgate, a division of the Ward Thomas Group, has acquired the freehold of Unit 1 Interface Business Park in a transaction negotiated by property consultants Alder King and Colliers.
The London-based company purchased the 54,288 sq ft unit for £2.5 million from real estate group Custodian.
The depot provides 48,138 sq ft of warehouse and 3,442 sq ft of office accommodation together with a generous service yard suitable for large vehicles.
With its proximity to the M4 motorway, it makes a strategic addition to Ward Thomas’ portfolio of depots across the UK, allowing the company to efficiently and safely move customers’ equipment, from CT scanners to exhibition pieces, around the country.
Tim Bloch, Managing Director of Bishopsgate commented “The purchase of the site follows the acquisition of the Allport Specialist Services Division in 2013 and strong organic growth we have been experiencing within our business.
“We have found the site in Royal Wootton Bassett, where we have been tenants for several years, has excellent road links and good local economic growth and the purchase shows a strong commitment to our staff and customers in the area”.
Alison Williams, Associate at Alder King in Swindon who represented Custodian, said: “There has been a marked increase in demand from owner occupiers to purchase but there is a real shortage of large scale good quality buildings ready for immediate occupation in and around the Swindon area.”
Tim Davies, Head of Colliers in Bristol who acted for Ward Thomas, said: “Ward Thomas recognised the attributes that the property had to offer with its top specification accommodation, and excellent location for access to the M4.”