Growing local property company celebrates at IO Centre, Segensworth
Acting on behalf of clients Craigard Investments LLP, Lambert Smith Hampton has successfully sold the long leasehold interest of unit 14 at the iO Centre, Stephenson Road, Segensworth to Astroflame Ltd.
Astroflame already own two units at the iO centre and have therefore cemented there presence on the estate for the foreseeable future having purchased the 3,166 sq ft for £112 sq ft.
The Estate comprises of 13 units ranging from 2,710 sq ft up to 16,700 sq ft with a total floor space of circa 107,000 sq ft. Unit 14 was the last remaining unit owned by Craigard, who has recently redeveloped the units into three spaces which range from 3,166 sq ft up to 4,16 sq ft. The last remaining units, 15 and 16, are available to lease or sale on a long leasehold basis, with unit 16 benefiting from a fitted office at first floor level, providing 4,163 sq ft.
Founding Partner of Craigard, Paul Foster commented: “We are delighted to have sold one of our units at Segensworth. They are great spaces in a great location, but we now only have two units left, which we anticipate will be snapped up quickly.”
David McGougan, surveyor at Lambert Smith Hampton’s Fareham Office added: “The iO Centre has always proved to be a popular estate, as the units offer excellent connections to junction 9 of the M27 motorway and the A27, Fareham Road. The site has attracted occupiers such as Graham’s Plumb Centre, B&Q, Welcome Car Finance and Contender Sailcloth and we anticipate a good level of demand for the remaining two units.”
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