Craigard completes development of Jewson superstore in Andover
Craigard Investments LLP has completed the development and letting of a new Jewsons Superstore on the West Portway Industrial Estate in Andover.
The Unit comprises a 20,000 sq.ft. Store with a substantial yard, totalling 2.50 acres. The Lease is for 25 years with 5 yearly rent reviews on an FRI basis and the rent is calculated based on £7/sq.ft. on the building an £1/sq.ft. on the excess yard over and above a normal 40% site cover.
Paul Foster, Managing Partner of Craigard Investments LLP, commented “It is pleasing to finally conclude this development. We first appraised the site in February 2005 and, although it seemed a simple project at the time, it proved to be a complicated project to pull together and conclude It’s completion is a real testament to the determination, flexibility and application of our team. The Unit offers Jewsons a fantastic trading outlet with superb prominence overlooking one of the main roundabouts on the western Ring Road of the town. They should trade extremely well from this location”.
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