An expanding local Andover company have secured Unit 12 North Way, Walworth Business Park Andover on a new five year lease within one month of the 26,000 sq ft warehouse being put on the market. The building, which provides two storey offices, two warehouse bays and a substantial rear yard, has been refurbished and a headline rent equating to £5.25 per sq ft was agreed.
Andrew Newman of joint letting agents Hollis Hockley said “The quick letting of this unit, is testimony to the speed with which the unit was refurbished by the long leaseholder, coupled with our local market knowledge, which identified the likely occupier very early in the marketing process. The Andover industrial market is showing signs of a revival in line with National Economic commentaries and demand remains steady for good quality units such as this.’’
The tenant was advised by Jones, Norris, Adams. The landlord’s joint leasing agents were Stratford Commercial and Hollis Hockley.
