With the accelerating speed of conversion of offices to flats, the agent reports one local success in agreeing new terms to let Albion House in Oxford Street to Jaywing, so keeping an important employer in the town centre and keeping an office building in commercial use. The new lease is for 10 years and is a building of 6,700 sq ft with on site parking. Deal Varney acted on behalf of the owners McKay Securities, and Carter Jonas for the tenant.
Latest news from Deal Varney
Acting for new clients we report the letting of Bourne House, Horseshoe Road, Pangbourne, letting the first floor to The Beauty Box for a 10 year term at £14,000 per annum.
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.
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.