Deals

New tenant found for prominent shop on Albert Road

Published 31 Aug 2015

Author

Luke Mort

South Coast property consultant Holloway Iliffe & Mitchell has recently completed the letting of 1A Albert Road to Campbell Property (UK) Limited which, following change of use permission being granted, plan to expand from their current locations of Leicester, Birmingham, Cardiff and Exeter.

The student letting agents have taken a new 10-year lease on the 497 sq ft retail unit, which is located in a prominent position on Albert Road in the heart of Southsea, within a short distance from the Wedgewood Rooms and King’s Theatre.

Commenting on the transaction, Luke Mort, Commercial Agent at Chartered Surveyors Holloway, Iliffe & Mitchell said:
“As expected, due to the sought after location and the lack of available units, the property generated a large amount of interest for a variety of different uses. After reviewing all proposals presented we are pleased to have agreed terms with Campbell Property for their expansion into the Portsmouth region.”

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