Acting on behalf of F&C REIT Asset Management, national commercial property consultancy Lambert Smith Hampton (LSH) has secured a new tenant for industrial space in Northam, Southampton.
Units 1 and 2 Lower William Street have been let on a new ten year lease to Industrial Profiles Ltd, a distributor of building products to the construction industry. The two units, totalling 10,871 sq ft, will support its business expansion from Bottings Industrial Estate in Botley. The company’s new space in Northam is double the size of its existing premises.
Lower William Street is in an established industrial area, next to Saxon Wharf close to Southampton Football Club stadium, and an annual rent of £51,637 was agreed.
Adrian Whitfield, Director in LSH’s South Coast Industrial & Logistics Agency team, commented: “This is another example of industrial occupiers seeking larger, quality space to develop their business, despite the downturn. A comprehensive refurbishment of the units will take place shortly, with Industrial Profiles Ltd taking occupation later in the year.”
BNP Paribas act as joint agents in marketing available space on the estate.
