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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London Clancy are pleased to report the letting of 6 Woodlands Business Village, Basingstoke. S & S Personalisation will be occupying the whole of the ground floor, for a term of 5 years.
The growing sportswear personalisation company, offers their services to football and rugby clubs across the country, and their success has allowed them to take the next step to meet their increasing demand.
The modern terrace continues to prove popular among new and established businesses, with its close proximity to the town centre, and excellent access to transport links.
This deal ensures the terrace remains fully occupied.
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A leading Orpington company has opened a new office for its growing business in Winchester to take advantage of excellent road connections to the Solent area and westwards.
Neilcott Construction Ltd, specialise in building contract services for clients across the south east.
Acting for a private landlord, London Clancy have let 5 Moorside Place, Winnall to Neilcott Construction Ltd on a 10½ year lease. The asking rent for the 5,422 sq ft two storey business unit was £43,000 per annum exclusive.
“Moorside Place provides us with the ideal mix of offices and warehousing as we expand westwards” says Pat Hughes, Regional Director of Neilcott Construction. “We will be well placed to win new work with this base on the junction of the M3/A34 and A303 nearby” continued Hughes.
“We received a number of enquiries in response to the marketing campaign which reflects the buoyant commercial market across all sectors in Winchester right now” reports James Clay of London Clancy.
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