News

Industrial Premises Acquired In October Now Fully Let

Published 17 Jan 2017

Author

Luke Mort

Acting on the instruction of local investors Breach Properties LLP, Holloway Iliffe & Mitchell have completed an industrial letting at Unit 2 Park Street, Gosport to Nurture Them Naturally Limited. The site is situated adjacent to Forton Road, on the edge of Gosport Town Centre, in a small industrial estate, which links to Moreland Road and Toronto Road.

The semi-detached Industrial unit, consisting of a large ground floor work shop, with large first floor storage benefits from the use of a shared yard and from being refurbished throughout. It was let on a new 5-year lease close to the quoted stepped rental amounts and was let in just over 2 months from being instructed.

Nigel Breach, for Breach Properties LLP commenting said:
“This is the second investment property I have purchased through Holloway Iliffe & Mitchell locally, where I have subsequently instructed them to find me a tenant for my vacant units. On both occasions, I have been very happy with the service provided. The rent achieved is more or less what Luke suggested was achievable and in both cases the lettings were completed in a short period of time.”

Also commenting on the letting, Luke Mort, Commercial Agent at Chartered Surveyors Holloway, Iliffe & Mitchell said:
“We are very pleased that the letting was completed in such a short duration, as the premises were only purchased in October. The property was maintained to an excellent standard and was offered at terms which are in line with the current market. Both of these factors have helped to ensure that the premises have not remained vacant for an extended period of time and show that there is a demand locally.”

Holloway Iliffe & Mitchell remain very active in the commercial property sector, in Gosport and along the South Coast and seek new instructions to satisfy their active applicant database.