News
Sale of freehold warehouse
Food for thought at Vendo House
Thu, 31 Jul 2008 16:31:17 +0100
J J Food Service Limited has acquired a new regional distribution centre in Basingstoke. Built in 2004 and situated within five minutes drive of the M3 motorway, Vendo House offers 19,100 sq ft of warehousing ideal for the storage and distribution of chilled and frozen food.
Exchange of contracts was effected within 4 weeks of solicitors being instructed at close to the asking price of £2,350,000.
"Vendo House is an excellent building which presented very well. It is particularly pleasing that the principles, solicitors and agents worked well together to achieve a relatively quick transaction" commented James Clay of London Clancy who acted for SandenVendo.
"We are delighted to have identified this new facility to service southern central England" said Mustafa Kiamil, Chairman of J J Food Service Limited. "Our main distribution warehouse is in Enfield and Basingstoke and Vendo House, in particular, fits in very well with our strategy to have a nationwide network of regional centres." Mr Kiamil continued, "we were only interested in buying a freehold which is particularly difficult in Basingstoke so when Vendo House came to our attention, we knew we had to work fast to secure it."
J J Food Service Limited were represented by Strettons in conjunction with Carl Dobbin & Company. London Clancy acted on behalf of the vendors, SandenVendo (UK) Limited who have relocated to Moniton Trading Estate.
For further information contact James Clay on 01256 462222
jamesclay@londonclancy.co.uk
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