Friday 22nd April 2016

Industrial Letting at 8 Alphage Road, Gosport Completed

Acting on the instruction of a local investor, Holloway Iliffe & Mitchell have completed an Industrial letting at 8 Alphage Road, Gosport to Britten Norman Limited. The site forms an integral part of Fort Brockhurst Industrial Estate, which is accessed via a new relief road, which leads to the Gosport Road, A32.

The mid-terrace Industrial unit of steel portal frame construction consisting of a large ground floor workshop, with modern offices to the front was let on a new 5 year lease on a stepped rental basis, close to the quoted rent and was let within 4 months of being purchased through a SIPP for a new investor.

Britten Norman is an independent civil aircraft manufacturer who has been operating for over 6 decades. The premises are to be used to supplement their current premises and operation in Gosport.

Commenting on the letting, Luke Mort, Commercial Agent at Chartered Surveyors Holloway, Iliffe & Mitchell said:

“Previously there have been a substantial amount of empty premises in Gosport which have remained vacant for a long period of time.  This letting follows recent sales, lettings and interest in other vacant premises in Gosport which is a good sign that the market is improving.”

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.

Source: Holloway Iliffe & Mitchell