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”.
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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.
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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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