Acting on the instructions of Saulet Townsend Solicitors, Holloway Iliffe & Mitchell has let the second floor of Unit A1-A4 Froddington House to Lazy Susan Furniture Limited. The modern development is located within the Cumberland Business Centre, within close proximity to Fratton train station.
The unit which provided 1,374 sq.ft was let on a new 3 year lease on a stepped rental basis, close to the quoted rent of £12 per sq.ft and within a limited period of marketing.
Lazy Susan Furniture Limited, whose main operation is located in Chichester are suppliers of aluminium garden furniture and were founded in 2007 by Michael Scott. Since the company was founded it has seen an increase in demand, which has resulted in the need to expand, both in the UK and in several other European locations. The premises are to be used for sales and administration purposes to help facilitate this expansion.
Commenting on the letting, Luke Mort, Commercial Agent at Chartered Surveyors Holloway, Iliffe & Mitchell said:
“Due to the lack of office availability in Portsmouth, there has been a good demand from many occupiers for Froddington House, This has had a positive impact on the terms and rental level achieved and we expect this to improve further on future lettings.”
Holloway Iliffe & Mitchell remain very active in the office sector, in Portsmouth and along the South Coast and have recently been instructed to market the centrally located Enterprise House, with offices from 2,955-23,571 sq.ft available.
