LAST UNIT LET AT HATCH INDUSTRIAL PARK BASINGSTOKE
BDT, acting on behalf of DTZ Investors, have let the last unit at Hatch Industrial Estate. The property was recently acquired as an investment by DTZ Investors with Unit 4 having recently become vacant due to relocating the former tenant into a larger unit on the estate. Since acquisition, DTZ Investors refurbished the unit, which comprises 5,362 sq ft and despite the significant economic disruption caused by COVID-19 the unit had a number of rental offers during the government imposed lockdown period. As a result, the unit has now been successfully let to DVS Power Tools, a rapidly expanding tool supplier, on a new 5 year lease term.
Hatch Industrial Estate is a prime multi-let industrial estate constructed in 2007 and totals 96,989 sq ft across nine units. The property is multi-let to seven tenants and is arranged in two blocks. The estate is situated three miles to the east of Basingstoke on Greywell Road, which provides access to the A30.
Brian Pickett of BDT commented “There was very strong interest for the property, which reflects the quality of the Hatch Industrial Park”.
Tom Royston, Associate Director at DTZ Investors, said “This new letting is a great result for the asset and proves a significant reversion across the estate, despite the adverse market conditions’.
For any further details, please contact Thomas Royston.