Acting on behalf of Begg Nominees, Wadham and Isherwood have let the entire first floor of 84 North Street to Hewson Consulting Engineers Ltd on a 10-year lease subject to review and tenants break at the end of the fifth year of the term at an initial rent of £97,500 per annum exclusive. The first floor provides good quality air conditioning accommodation totalling approximately 3750 sq.ft and the rent equates to approximately £26.00 per sq.ft per annum exclusive.
Additionally, Wadham and Isherwood have let Waltham House St Marys Terrace Guildford to Figment Productions on a 10-year lease subject to a mutual option to break at the end of the third year of the term and any time there after on nine months’ notice at an initial rent of £75,000 per annum exclusive. The self-contained building comprises just over 3000 sq.ft. of good quality accommodation and the rent agreed equates to approximately £25,00 per sq.ft. per annum exclusive.
Commenting on the deals, Peter da Silva said “There is still a lack of available good quality office accommodation across the size ranges in Guildford town centre but a reasonable level of demand has enabled good levels of rent and good lease deals to be achieved.”