On behalf of a private client, London Clancy have successfully let 26/28 Andover Road, Newfound.
The site is prominently located on the Andover Road, at Newfound on the edge of Basingstoke, and comprises a car showroom, forecourt, workshop & MOT use, 3 bedroom flat and 3 bedroom detached bungalow. The total site area comprises 0.5 acres.
Following an all-encompassing marketing campaign, on a For Sale / To Let basis, London Clancy negotiated new lease terms with Ellahi Motors, a well-established car sales and workshop business, who are already located in Basingstoke.
The quoting rent for the site was £97,500 per annum exclusive.
Russell Ware commented, interest was strong from motor trade related businesses, and also developers looking at the purchase aspect for redevelopment. Due to the commitment on all sides, we were able to conclude this letting within a week of instructing solicitors.
