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LSH creates a full house for Chancerygate Business Centre, Southampton

wantspacegotspace.co.uk - LSH creates a full house for Chancerygate Business Centre, SouthamptonActing for Minton Southampton LLP, national commercial property consultancy Lambert Smith Hampton (LSH) has signed a new tenant for two industrial units at Chancerygate Business Centre, Southampton.

Units 16 and 17, totalling 6,145 sq ft, have been let on a new 10 year lease to Andrew Page Ltd, one of the UK's largest distributors of quality car parts, workshop equipment, tools and diagnostics. The move will support the business’ expansion following its acquisition of Camberley Auto Factors (CAF) in July last year.

The Chancerygate scheme is a development of 19 modern industrial properties, which came under new ownership in 2010 when Minton Southampton LLP purchased the scheme from Helical. LSH and Goadsby were subsequently appointed as joint marketing agents.

Adrian Whitfield, Director in LSH’s South Coast Agency team, commented: “Since Minton Southampton’s purchase of the scheme, and since our appointment alongside Goadsby to market the available space, these are the final two vacant units to be let or sold. The estate is the last small unit scheme to be built in Southampton and should further space becomes available on the development we anticipate an increase in rents, due to the shortage of good quality, modern stock elsewhere in the area.”

Posted by The Editor (wantspacegotspace) on 19th January 2013 (updated 21/01/2013)

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