Commercial property agents Keygrove Chartered Surveyors have completed the sale of 28 – 29 Eddystone Road, a 13,200 sq ft industrial warehouse building with a large concrete yard on the South Hampshire Industrial Park, with the sale to Offshore Lighting Ltd.
Lauren Udall MRICS of Keygrove says “The building was previously leased to a heavy engineering business and the new owners, Offshore Lighting, will undertake a full refurbishment prior to moving their business from nearby on the estate. We received strong interest and a number of offers for the property which shows that demand for freehold industrial premises remains high.”
Martin Bell, Managing Director of Offshore Lighting, says “28-29 Eddystone Road is a step up in size for us and suits our ambitious expansion plans. Our work involves the design and installation of different specialised electrical systems found on board vessels and these include CCTV systems and integration, specialist lighting, escape route low location lighting. Our works cover direct supply of electrical, CCTV and lighting parts; and undertaking electrical engineering projects on board vessels.”
Keygrove continue “Vacancy rates in South Hampshire Industrial Park are historically low and demand has remained very buoyant. We have recently commenced marketing a 20,000 sq ft industrial warehouse at 36 Stephenson Road, South Hants Industrial Park, which has already received considerable interest and so we expect to find a new tenant fairly quickly.”