Acting on behalf of Osborne House Ltd., Fifield Glyn have agreed a simultaneous surrender and new letting of Nos. 1 and 2, The Stables, Gadbrook Park, comprising approximately 7,400 sq.ft. (gross) plus 46 car spaces, to Connexions, the Government’s youth education and careers advisors. They will enter into a new 10-year Full Repairing and Insuring Lease subject to a Rent Review at the end of the 5th year of the term at a rent rising to £100,000 per annum, equating to £13.50 psf.
Richard Smith of Fifield Glyn advises that in view of the high level of enquiries from both Tenants and owner-occupiers, he will shortly be advising Clients, Osborne House, on a new speculative 6,000 sq.ft. single-storey office development known as 4-6 Royal Mews, Gadbrook Park, which can be sub-divided to provide units of 1,500 and 3,000 sq.ft. and which will be available for sale or to let. Quoting prices are £145 psf Freehold and £14.50 psf Leasehold.