A Swansea company is to move into larger premises in a Swansea West trade park to meet its business expansion plans and an ongoing demand for more space.
Ken Williams Motors Limited, a vehicle breakdown and recovery services company, has bought the SA5 Business Centre on Kingsway in Fforestfach, with Lambert Smith Hampton (LSH) negotiating the terms of the sale.
Acting on behalf of the landlord, a private investor, the national commercial property consultants have sold the 46,500 sq ft industrial premises for £950,000 with the site comprising a yard area, workshops and office accommodation.
Family-owned Ken Williams Motors was established in the early 1990s to offer 24-hour breakdown recovery, vehicle servicing and commercial breakdown and vehicle repairs to domestic, commercial and trade markets.
The company has experienced steady growth and today employs 30 staff with two bases, one in Swansea West and another in Carmarthen.
“We’re looking forward to moving into our new premises over the coming months as it will provide us with the additional room we need to facilitate further business growth as well as a higher quality space and working environment for our staff,” said Jaime Williams of Ken Williams Motors.
“Our decision to purchase a commercial property of this size and calibre reflects our confidence in the market which can be attributed to our passion for getting people back on the road as quickly as possible together with the loyal customer base we’ve established over the last 25 years.”
Adds Jason Thorne, a director at LSH in Swansea: “This area of of the city has worked well for Ken Williams Motors as it is well placed logistically and strategically given the excellent transport routes in all directions and easy access to the M4.
“SA5 Business Centre will serve their business needs well and by owning the premises rather than leasing as they’ve done previously, they have the opportunity to make some minor refurbishments so that it meets their requirements perfectly.
“The transaction also demonstrates confidence on the part of banks and lenders who when presented with businesses that are competent and have a proven track record of growth, they will provide funding to further that growth.”