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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