In a move that strengthens the retail offering at Hedge End, Wilton Carpets have purchased the freehold of their shop at Upper Northam Road. Keygrove Chartered Surveyors and Chesterton Humberts acted for the vendor, a private individual.
Peter Le Count, the Property Director at Wilton Carpets, said: We previously leased this shop but by buying the freehold we have made a longer commitment to the village.
Richard Nevines, Director of Keygrove, says: “Demand for Freehold property opportunities continues to outweigh supply and we had a good level of interest for this store.”
Keygrove achieved a sale price of £500,000 for the property subject to a lease expiring in 2020 at a rent of £40,000 per annum.