Property consultants Alder King have sold the long leasehold interest in Xchange House, a modern office building at Pickwick Park near Corsham, to IFS Investments Ltd for an undisclosed sum.
The building, now known as The Hayloft, will be occupied by Integrated Financial Solutions Ltd, a firm of independent financial advisers currently based in rented accommodation at Old Sodbury, north of Bristol, and South West Business Finance, a firm that helps to provide funding solutions to businesses. Both businesses will relocate to the property shortly, following a redecoration programme.
The two storey detached building was built in 2003/4 and sits at the entrance of Pickwick Park, a purpose-built 12 building development one mile west of Corsham. It provides 2,200 sq ft comprising of three open plan offices and separate meeting rooms on part of the ground floor. On the first floor, the property benefits from character feature ceilings.
James Gregory, partner at Alder King, said: “There is consistently strong demand from business owners looking for freehold or long leasehold opportunities. However with office stock levels at an all-time low, there are few opportunities. This property generated significant interest from a number of business owners. We’re delighted to have concluded this transaction with IFS on behalf of our client.”
Alder King represented the vendor RSM Restructuring Advisory LLP. IFS was unrepresented.