Chippenham retailer on sale for £5m

Chippenham Motor Company has been put on the market for offers in excess of £5m. Sanderson Weatherall is handling the sale of the site on Bumpers Way in Wiltshire.

The Wiltshire site, which was recently refurbished at a cost of £1.1m, extends to 1.9 acres, with 25% building coverage. It commands an annual rent of £300k, or £11 per square foot. There are more than 200 parking and vehicle display spaces.

The retailer received a new 15-year lease from September 2023, subject to three-yearly uncapped RPI reviews.

The franchise agreements are Kia sales, service and parts, plus Seat, Peugeot and Citroen service and parts.

Chippenham Motor Company has traded from the site for more than 20 years and, in 2019, celebrated 20 years representing the Kia brand. “In the beginning, we were only one of a handful of Kia dealers in the country,” said MD Adam Bailey at the time. “We have watched the brand grow into something amazing and we are proud to have been part of that journey.”