Want Space Got Space - Offices, retail and industrial space Want Space Got Space - News about how to find and advertise commercial property to let, rent or sell in England, Wales and Scotland including Offices, Warehouse, Commercial, Manufacturing, Shops and Retail.



Pinnell & Bax launches South Coast operation

wantspacegotspace.co.uk - Pinnell & Bax launches South Coast operationActing on behalf of Hampshire County Council (HCC), national commercial property consultancy, Lambert Smith Hampton (LSH), has secured a new tenant for warehouse space on Mitchell Close, a multi-let industrial estate at Segensworth East, Fareham.

Unit 1, totalling 5,000 sq ft, has been let on a new 10 year lease to Pinnell & Bax Ltd, a chandlery business and distributor of sailing equipment and accessories throughout the UK. The company’s acquisition of this new industrial space will mark the launch of a new South Coast operation for the business.

Andrew Farrer, Surveyor in LSH’s South Coast Agency team, commented: “Mitchell Close provides Pinnell & Bax with a strong base from which to launch its South Coast operation. Segensworth offers quick access to junction 9 of the M27, which is ideal not just for the online distribution side of the business, but also because it is positioned between Portsmouth and Southampton to attract trade from both sides of the region.”

Andrew added: “We were able to achieve the quoting headline rent of £6.50 per sq ft on the deal, highlighting that the lack of new stock coming to the market is allowing quality existing buildings to hold their rental value.”

Mitchell Close is seeing a flurry of letting activity at the moment, with units 10, 15, 17, 19 and 23 now either let or exchanged.

Posted by The Editor (wantspacegotspace) on 14th July 2013 (updated 20/07/2013)

Back to news list

 Surrey  Leeds  Leicester  Derby  Nottingham  Birmingham  Manchester  London  Essex  Milton Keynes  Northampton 
 Kettering  Cardiff  Basingstoke  Dorset  Shrewsbury  Bristol  Southampton  Reading  Bolton  Coventry  Swansea  High Wycombe 
 Corby  Rugby  Worcester  Chelmsford  Lincoln  Bedford  West Sussex  Doncaster  Wolverhampton  Telford  Croydon  Slough 
 Cornwall  Solihull  Sittingbourne  Fareham  Watford  Portsmouth  Ashford  Greater Manchester  Luton  West Malling  Kings Hill  Middlesex