Acting on behalf of a private landlord London Clancy has sold the investment of 10 Ridgeway Parade, Church Crookham. 

The premises comprising a total of 675 sq ft of ground floor retail/ancillary space  let to a long established takeaway business as well as a first and second floor maisonette have been sold on a long leasehold basis. 

The shop premises trading as Happy Fountain renewed for a term of 21 years, expiring 28th September 2034 with 3 year upwards only rent review patterns and without break options. The current passing rent is £16,100 per annum exclusive (including the current ground rent). 

The quoting price was £240,000 for the freehold interest.

“We were delighted by the level of interest generated in this small lot and  encouraged by the price achieved which clearly reflected the unbroken term remaining and 3 year review pattern,” reported Russell Ware of London Clancy. 

For more details contact:
Russell Ware
russellware@londonclancy.co.uk

Acting on behalf of Basingstoke and Deane Borough Council, London Clancy has successfully let Unit 5 Bear Court, Basingstoke RG24 8QT.

The latest letting has seen local company Acrospire Products Ltd expand into the 2,000 sq ft mid-terrace unit.

The estate, which comprises 7 units continues to remain very popular among a variety of new and growing businesses.

Russell Ware of London Clancy commented, “we achieved the full quoting rent of £16,000 per annum, on the basis of a 5 year lease. Supply levels are still running at an all-time low, which are no doubt driving forward rents”.

For more details contact:
Russell Ware
russellware@londonclancy.co.uk

Angling Direct plc has signed a 10-year Lease of 1B Cathedral Hill Trading Estate, Guildford. 
 
This will be their 26th branch acquisition, and the premises extend to about 5,500 ft2, plus mezzanine floor. The space has been completely refurbished by the landlord and fitted out by the tenants. 
 
This latest deal continues Angling Direct’s UK-wide expansion and follows other recent acquisitions in Birmingham, Peterborough, Preston, Slough, Wigan and Wilmslow. 
 
Angling Direct’s retained property advisor, Bastin Commercial, acted jointly in the acquisition with London Clancy’s Basingstoke office. Kingstons and Lambert Smith Hampton (Guildford) acted for the Landlord. CBRE also act for the Landlord as their Managing Agents.

FOR FURTHER INFORMATION PLEASE CONTACT
JIM LONDON FRICS
LONDON CLANCY
01256 462222

September 2018

Radio Station Take New Offices for their Expanding Operation

London Clancy sells Town Centre Development Opportunity with vacant ground floor retail unit