Curchod & Co Secures 26% Rent Increase and 10-Year Lease Extension with South Central Ambulance Service NHS Foundation Trust
Curchod & Co, a leading commercial property consultancy, has secured a 26% rent increase and a ten-year lease extension property on a 7,460 sq ft warehouse/office building at 2 Riverwey Industrial Estate in Alton, Hampshire on behalf of its client, Clipstone Investment Management
The property, which is located on an established industrial/warehouse area on Newman Lane in Alton, is let to South Central Ambulance Service NHS Foundation Trust for a term of 15 years from 2012 and Curchod & Co secured a 26% rent increase in the rent for the landlord and, as part of the negotiation, a ten-year lease extension.
Nick Reeves of Curchod & Co said, “The property is located in a popular and accessible location, where buildings of this size and nature are in high demand. The lease extension means that it will continue to provide a valuable asset for Clipstone Investment Management.”
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