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| Ian Shaw, Hughes Spencer (left) with Stuart Mitchell, Director at Holloway Iliffe & Mitchell (right) |
On behalf of
accountants Hughes Spencer, Holloway Iliffe & Mitchell has sold Latchmore
House, Cowplain to AB1 Developments Ltd. Hughes Spencer has been based at
Latchmore House since 1969 undertaking substantial changes to the original
building including a two storey extension and more recently adding PV panels to
the south facing roof.
Latchmore House sits
on a well located plot on the corner of London Road and Latchmore Forest Grove.
The 4,300 sq ft property also has some 20 parking spaces and while offers were
received in excess of the asking price of £500,000, AB1 Developments’ plans
appealed to Hughes Spencer, who was happy to settle for slightly under asking
price.”
Commenting on the
sale Holloway Iliffe & Mitchell Director, Stuart Mitchell said: “Having been
appointed to sell Latchmore House, we received good levels of interest. With the
potential for redevelopment, it suits AB1 Developments’ needs”.
Hughes Spencer will
be relocating to new premises at Stansted House, a prestigious office location
on the outskirts of Rowlands Castle. Ian Shaw from Hughes Spencer commented “We
are sorry to be leaving Cowplain after almost 50 years, but the opportunity to
relocate to Stansted House was too good to miss. Our new offices will provide an
attractive setting for our clients when they visit and we look forward to
welcoming them”.
AB1 Developments’
Paul Shirlaw added: “We have been completing the refurbishment and conversion of
the former Aquatic Centre in Portsmouth to shop & flats. Our recent
acquisition of Latchmore House fits with our requirements in terms of space,
location and potential for development”.
