Acting on the instruction of a local investor, Holloway Iliffe & Mitchell have completed another industrial letting at 3.4 Central Point, Portsmouth to The Hampshire and Isle of Wight Community Rehabilitation Company Limited. The site is located off the busy Eastern Road, the main arterial route in and out of Portsmouth City Centre.
The modern mid-terrace Industrial unit, consisting of a large ground floor work shop, with a small first floor mezzanine was available on a new lease at a quoting rent of £17,500 per annum, exclusive and was let within 6 weeks of being instructed and with a 4 day void period from the previous tenant vacating.
The Hampshire and Isle of Wight Community Rehabilitation Company Limited were set up by the Ministry of Justice to provide a community rehabilitation programme as part of a reform of the Probation Service. The premises are to be used for the storage of items in connection to this programme.
Commenting on the letting, Luke Mort, Commercial Agent at Chartered Surveyors Holloway, Iliffe & Mitchell said:
“There is currently a lack of quality industrial space available across the south coast and there has been a vast amount of interest recently from businesses looking for relocate from their current premises. This is evident from the timescale taken to complete the letting and the limited void period.”
Holloway Iliffe & Mitchell remain very active in the commercial property sector, in Portsmouth and along the South Coast and seek new instructions to satisfy their active applicant database.
