22/11/2011

15,000 SQ.FT. (APPROX) OF OFFICE LETTINGS IN GUILDFORD IN LAST 2 MONTHS!

POSTED IN General

3 ONSLOW STREET, GUILDFORD

Acting on behalf of Westfield/Hermes we have recently let 5,343 sq ft.

3 Onslow Street (www.3onslow.com) comprises a fully refurbished high quality self contained upper part over four floors accessed via a modern entrance hall at ground floor level. The floors, each of similar size, provide a total of 21,530 sq ft and it is the 5th floor that has been let to Grenke Leasing Ltd at a rent equating to £22/sq ft on the basis of a 10 year lease, subject to tenants break at the end of the 5th year of the term.

84 NORTH STREET & 173 HIGH STREET, GUILDFORD

Acting on behalf of BEGG Nominees (c/o F & C Reit Asset Management) we have recently let a total of 8,181 sq ft at 84 North Street and 173 High Street in the centre of Guildford.

84 North Street and 173 High Street comprise adjoining properties recently refurbished to Grade A air conditioned office standards.

The total space let is the result of 3 deals.

At 84 North Street, the first floor of the building (3,767 sq ft) has been let to Optos, eye laser specialists, and Orefisx ITM, a computer software company, on the basis of a 5 year lease at a rent equating to £22/sq ft.

The Co-Op Bank has taken the rear second floor of 84 North Street (2,576 sq ft) on the basis of a 10 year lease, with 5 year tenants break at a rent equating to £21/sq ft.

The remaining floor at 173 High Street (1,838 sq ft) has been taken by ITM, on the basis of a 5 year lease with 3 year break at £18.50/sq ft. ITM already occupied the first floor (3,032 sq ft) where they were paying £20/sq ft and the lease on this floor was extended as part of the deal, such that ITM now occupy the entire upper parts of the building.

51 HIGH STREET, GUILDFORD

Acting on behalf of F & C Reit Asset Management we have recently let 1,013 sq ft on the second floor at 51/53 High Street, Guildford.

The property has been let to The Rape and Sexual Abuse Support Centre (RASASC) for a term of 5 years at an initial rent passing of £12,500 per annum inclusive (£12.50 per sq ft).

Commenting on the deals Peter Da Silva said:

“Although the market remains patchy, these deals show that there is still a level of demand for good quality accommodation in Guildford Town Centre and with the current shortage in supply of this quality of space, good levels of rent on reasonable lease terms can still be achieved.”

If you require any further information on these deals, please do not hesitate to contact Peter Da Silva or Alan Browne at Wadham and Isherwood (Guildford) on 01483 300176.