News - 01/02/2021

Lambert Smith Hampton completes three lettings at Parham Drive

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Lambert Smith Hampton (LSH) has completed three lettings at Parham Drive, Eastleigh on behalf of DTZ Investors. Comprising of Units 1, 7 & 8, and totalling 10,946 sq. ft., the lettings mean all units within the estate are now fully let.

In total, 2 units were let off market while the other was let on the market and has helped to demonstrate requirements for high quality, second-hand stock remains strong against the uncertain economic background.

Achieving increased headline rents, the properties were let to a local distribution company in order to deliver parcels on behalf of both Hermes and Smart Platforms Limited, a plant hire company.

Situated in close proximity to both the M3 and M27 motorway networks, Parham Drive is located within the popular Boyatt Wood Estate providing tenants with quick access to a number of major towns and cities within the region.

The units benefit from having a combination of popular industrial/warehouse and office spaces which met the requirements of the incoming tenants.

Rebecca Burley, Surveyor – DTZ Investors:

“We are delighted to have completed on three new lettings with Lambert Smith Hampton at Parham Drive, Eastleigh, achieving increased headline rents and a fully let estate.”

Luke Mort, Associate Director – Industrial & Logistics at Lambert Smith Hampton said:

“Despite the implications of the COVID-19 pandemic, the market for good quality second hand premises in popular, well established locations remains robust.”

“Throughout this period, we have seen an increase in the number of enquiries/lettings from parcel delivery and tool hire companies further demonstrating the levels of demand for units.”

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