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.
On behalf of private clients, London Clancy has sold a 0.18 acre development opportunity in the centre of Basingstoke.
The site, which was formerly occupied by a national car and van hire business and benefiting from a prominent position to the west of the town, and is highly visible from the inner ring road.
London Clancy sought bids in 2018 and following a successful marketing campaign the site was sold in April 2018 and a deal concluded within 28 days thereafter.
The site attracted significant interest from both owner occupiers and developers.
London Clancy are pleased to announce that following two successive lettings, Chiltern House is now fully occupied.
The Salt Cave has taken the whole of the ground floor at 1,065 sq ft for a 10-year period.
The business provides halotherapy healthcare and is the eleventh practice in the growing franchise.
Exciting Escapes have taken the first floor, which equates to 1,100 sq ft.
Our client has one remaining suite in the ‘top of town’ in Yard House at a total of 675sq ft, ideal for small and new businesses.
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ROMSEY OFFICES SOLD TO PRIVATE INVESTOR
Two adjoining office building extending to approximately 3,800 sq ft (353 sq m) have been sold to private investors Brightbeech.
Brightbeech intend to refurbish the existing accommodation.
The properties were available at a quoting price of £1.4m.
London Clancy acted on behalf of private investors represented by Ridge Asset Management and Primmer Olds advised the purchasers.
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Acting on behalf of a Private Investor, London Clancy has successfully sold the above long leasehold retail investment to a Property Vehicle.
The fully let premises comprise some 22,082 sq.ft. (including mezzanine) on a site of circa 1.29 acres. Subject to a Ground Lease with some 92 years unexpired.
The quoting price was £1.25m plus VAT, Subject to Contract which would show a yield of about 11.63% after purchaser’s costs.
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