With the Basingstoke warehousing market continuing to reflect limited supply options, the completion of an extensive refurbishment at Unit F, The Loddon Centre in Wade Road, is predicted as being ”timely” by the appointed letting agents, BDT.
The majority of the units within The Loddon Centre development were refurbished and re-let 5 years ago, to include the removal of an overgrown landscape strip across the road frontage to Wade Road, vastly improving the profile of the estate. The newly created investment was then sold to clients of Colliers Capital, who are specialist property investment Fund Managers based in London.
Unit F was vacated by the previous tenant in late 2018, since when Colliers Capital have instigated a complete and thorough refurbishment of the property. This, combined with its stand alone position on the estate and a secure fenced rear compound, will enhance the marketability. BDT will be seeking a rent reflecting £8.50 per sq ft on new lease terms.
Richard Thomas at BDT commented; “Whilst the industrial and warehouse sector of the market hasn’t been completely immune to the knock on effects of the Brexit pantomime, it has been far more resilient than the office sector, and a combination of a good quality product and limited competition should see this unit successfully re-let soon”.
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Contact for further information:
Baker Davidson Thomas
Telephone: 01256 840 777