Commercial Property

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Transcript of Commercial Property

To advertise telephone (01226) 734666 Chronicle Property, Friday, June 25, 2010 – 35

Unit Sq Ft Rent per annum Unit Sq Ft Rent per annum Unit Sq Ft Rent per annum2 2390 £13,000 6 3455 £18,000 7 3455 £19,000

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• Industrial units 400-10,000 sq. ft. with secured yards• Secured service compounds and containers• Retail shops and offices• Long or short Leases available

Commercial Property

THERE is a fine linebetween beingdownhearted about whatis not happening andbeing uplifted by what ishappening in thecommercial propertymarket, according toChris Rowlands of ChrisRowlands & Co. PropertyConsultants.

He says it is the classicglass half empty or glass

half full analogy.“You might be forgiven

for thinking that thereare huge stocks ofunsold and unlet officesand factories and thatthe town centreresembles a ghost town,”says Chris. “However itis not all bad news.Within the last couple ofmonths I have seen anumber of notable

successes including theletting of 5,000-sq ft ofoffices at One CapitolCourt to YorkshireFinance, 1,000-sq ft ofoffices at Claycliffe toAllied Textiles andfilling up vacant spacein Providence Villa onSackville Street with anumber of businessesincluding White AgusPartnership, OpusKitchens and TheBranches PhysiotherapyClinic.

“In addition, Vets4PetsBarnsley has acquiredadditional space toexpand its veterinaryclinic on Wilthorpe Roadand Lo’s Pharmacy hasopened a pharmacy nextdoor to the HealthCentre at Grimethorpe.

“These are all dealswhere Chris Rowlands &Co. have been involvedand where with careful

negotiation it has beenpossible to satisfy bothowner and occupieraspirations.”

However Chris saysthis does not mean themarket is easy. Hereveals enquiry levelsare fragile and manyviewings are conductedwhere people thendecide against movingmainly due to lack offunding or confidence orboth.

“This is particularlytrue of small andmedium sizedenterprises althoughmuch against the trendthe Longfields Courtdevelopment atWharncliffe BusinessPark has defiedpredictions and beenextremely successfulhousing many newbusinesses in workshopand serviced office

accommodation as well ashousing part of BarnsleyNHS PCT,” says Chris.

“There are manyopportunities in andaround town forcommercial and retailoccupiers.

“One of the mostexciting retail schemes is

Is it time to think again about that move?the Civic developmentwhich offers 22,000-sq ftof retail space on threefloors.

The Civic is an iconicbuilding, much loved byBarnsley people and ithas already provedsuccessful in attractingsmall business and officeusers.

“Wortley Court atDodworth is a first-classlocation for smallindustrial spacerequirements with only

two units of 3,500-sq fteach remaining on whathas proved to be a mostattractive site.

“Most landlords andowners are willing to beflexible about theirproperty.

“It is better to haveoccupiers than to havevacant space so nowmight just be the time tothink again about thatmove – we’ll all drink tothat.”

Voice of reason: ChrisRowlands of Chris Row -lands & Co. PropertyConsultants.