London and Cambridge Properties Lets Alton Industrial Property

London and Cambridge Properties Ltd (LCP), advised by Wadham & Isherwood and Hollis Hockley, has let Unit 21 Mill Lane Trading Estate, Caker Stream Road, Alton, Hampshire to Habitech Ltd.

Farnham, United Kingdom, July 30, 2010 --( The distributor of home entertainment and home automation products has taken the 6,554 sq ft (609 sq m) refurbished industrial property on a ten-year lease at a stepped annual rent, rising to 39,500 pounds Sterling in the fifth year. The property includes 606 sq ft (56 sq m) of office accommodation and 23 car parking spaces.

Habitech’s Jonathan Pengilley says: “Due to rapid expansion, Habitech needed a well located UK distribution hub and the unit was selected after an extensive search of the region. It is ideal for our needs; it is flexible and has enabled us to modify the unit at a reasonable cost to suit our business. It has great transport links with the train to London only minutes walk away. Heathrow and Gatwick are only one hour away, enabling easy access to Europe.”

Geoff Reeve, of Wadham & Isherwood, comments: “The letting of this refurbished property illustrates the underlying strength of the local industrial property market and the demand for good quality accommodation of this nature. The key to success is providing properties that are ready for businesses to move in to with the minimum of effort. This is underlined by the interest we have in a second property in Caker Stream Road, Unit 23, which has been upgraded and refurbished to provide 9,121 sq ft of high-quality accommodation suitable for a number of uses.”


For further information please contact:

Geoff Reeve, Wadham & Isherwood
Wadham & Isherwood
Andrew Barber