On behalf of a private client, London Clancy has sold a 0.66 acre site within Chawton Near Alton, known as Little Eastfield Holding.
The site has convenient access onto the A31 Winchester to Guildford road and the A339 Selborne Road.
The subject site comprises small industrial buildings on a unique parcel of land. The clients achieved a planning consent for demolition of the existing buildings and a new purpose built 5,000 sq ft B1 unit.
The guide price for the site was £350,000 and attracted interest from a range of parties, including owner occupiers and developers.
Russell Ware commented, “this represented a very rare opportunity to acquire a parcel of Freehold land which created a significant amount of interest from a range of different sectors. We were pleased to conclude the sale to a local firm of contractors, who intend to use the site for their own occupation”.
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 and Stiles Harold Williams are pleased to announce that the last remaining unit at Basingstoke Trade Park has been let to In ‘n’ Out Autocentres.
The National MOT and Servicing company have taken Unit 152, which provides a total of 5,715 sq ft, and will be their 20th centre.
This end of terrace unit is prominently positioned on the estate, visible from Worting Road, and neighbouring Morrisons and B & M Stores.
Basingstoke Trade Park proves to remain a highly popular trade counter location, with neighbouring occupiers including Screwfix, Benchmarx and Halford Autocentres. This latest letting follows hot on the heels of lettings to Artisan Tool Hire, Easy Bathrooms, and Screwfix’s expansion into a double 10,000 SQ FT unit.
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Acting on behalf of a private landlord London Clancy has sold 9-11 Church Street, Basingstoke.
The premises provide a total of 1,494sq ft, and located in the Top of Town. The current rent is £37,000 per annum exclusive.
The building incorporates a strong regional covenant, Leightons opticians and hearing care, who currently trade from 35 branches across the southern region.
The upper parts of the building accommodate 13 apartments which were completed in 2016 and have been sold off on long leases.
London Clancy was quoting a sale price of £525,000 for the 999 year lease.