Turnack Ltd, advised by Curchod & Co, has let a refurbished industrial and warehouse unit at Unit 16, Basingstoke Enterprise Centre, West Ham Lane, Basingstoke to Newton Star Ltd.
The 4,423 sq ft unit has been let on a new five-year full repairing and insuring lease at a rent of £55,287.50 per annum, equivalent to £12.50 per sq ft. Newton Star Ltd, a Hampshire-based business, has taken the unit, which comprises a ground-floor warehouse of 4,194 sq ft alongside 229 sq ft of first-floor office accommodation, for use as a third-party logistics, storage and distribution warehouse.
Edward Rees of Curchod & Co said: “Unit 16 presented an excellent opportunity for an occupier looking for a well-specified, manageable unit in a proven industrial location. Demand for good quality small to mid-size warehouse space in Basingstoke remains robust, and we were pleased to secure Newton Star on terms that reflect the strength of the local market.”
Newton Star was unrepresented in the transaction.
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