February didn’t see the improvement in the commercial market that we had hoped for but that’s not surprising due to the half term holidays. Whilst enquiry levels are lower than anticipated demand still remains good and this has been reflected in the number of transactions that have reached completion.
Latest news from Deal Varney
Very attractive high quality offices at The Cart Shed, Boames Lane, Enborne, let, having been on the market for just two months. At only 471 sq ft the offices provided very high quality open plan accommodation, the new tenant is a ground works company presently based in Kintbury.
In Newbury Deal Varney are pleased to report that they have let 0.53 acre of open storage land at Raceview Business Centre on behalf of the landlord. Providing secure fenced open storage space the property has been let to a company that will shortly be opening a container rental operation from the site.
On the office front the second floor of St Anthony’s House in Oxford Square, which comprises 2,261 sq ft has been let. the occupier was already based in Oxford Square and has acquired a second floor in the building as part of their ongoing expansion. The suite has been let for a term of 7 years and the asking rental was £17.51 per sq ft.
A unique property was sold in Marlborough during the month, the former Marlborough Antiques unit which was on the market for offers in the region of £300,000. Stibbard Property acted for the purchaser. The property is in need of substantial works and it’s future use remains unknown. The property included two coffins under the floorboards, we gather still in occupation.
3 The Sector, Newbury Business Park has claimed two pre-let tenants who will take occupation of the 28,000 sq ft newly reconstructed building later in the year. A full press release to follow – important news for the office market in Newbury.