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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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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Acting on behalf of R O’Dell Holdings Ltd, London Clancy have sold 36,38,40 Station Road and 1 West Lane, Hayling Island PO11 0ER.
The site and premises had the benefit of a Planning Consent for a new development of 18 apartments ranging from 1 bed to 3 beds plus 3 Retail Units over a site area of circa 0.16 Ha (0.40 acres).
The price obtained was in line with the guiding price of £1m Subject to Contract and was sold to a private developer.
Jim London of London Clancy comments, “This shows the continuing strong interest from developers for the right type of product, including mixed schemes in suitable locations.”
R O’Dell (Holdings) Ltd has a long association with the local area having bought 36 & 38 Station Road in 1989 and ran a hardware and DIY store through its subsidiary Hayling Hardware Ltd until 1996 when that business relocated to Elm Grove. R O’Dell Holdings is now a small family owned Property Company that is keen to improve the locality by replacing the current substandard buildings with a quality development which the community could be proud of. We have put a considerable amount of time and effort into liaising with Havant Borough Council planning officers and incorporating their comments into our proposals which secured the grant of planning.
The site provides a new shop (which could be subdivided into 3 smaller shops), 18 new flats, car parking and new public realm.
With the successful sale of the site R O’Dell Holdings intends to expand and develop a commercial scheme in the centre of Southampton.
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Acting on behalf of private investors, London Clancy has completed two new lettings on the popular industrial estate in Chandlers Ford.
Care Meds Ltd have taken a new 5 year lease on Unit 5 totalling 1,537 sq ft. Unit 12 totalling 3,124 sq ft was let to Measure My Energy Ltd also on a 5 year lease.
Both premises provide a modern high quality business unit configured over two floors providing production/storage on ground floor with fully fitted offices to the first floor.
Alex Welch at London Clancy comments "We are pleased that Units 1, 5 & 12 have all been let to new tenants with limited void periods incurred. There is still increased demand for good quality industrial units like the estate has to offer with stock leverls decreasing. Following a lease end there is currently one unit available at Brickfield Trading Estate, being Unit 16 which provides 2,855 sq ft. We would be pleased to hear of any requirements for any occupiers looking to relocate within Chandlers Ford area".
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