25th July 2016
Square Studio a shoo-in at Paintworks unit
Acting on behalf of Verve Properties, property consultants Alder King have sold the long leasehold interest of another unit at The Paintworks scheme in Bristol’s Enterprise Zone.
Unit 4.6, an attractive ground floor studio/office unit, has been acquired by web design agency Square Studio off a quoting price of £325,000. The transaction follows the long leasehold acquisition of Unit 5.1 by The Good Property Company in May this year.
Square Studio, which designs templates and plugins for Squarespace websites, has already moved in to the 1,238 sq ft unit which includes a gallery level and comes with two on-site car parking spaces.
Tom Dugay, senior surveyor at Alder King, said: “The arrival of another digital agency consolidates Paintworks’ reputation as a creative and entrepreneurial hotspot.”
Square Studio acquired a 999 year lease originally granted in 2005. The company represented itself.