A further 54,507 ft² let at Worton Grange, Reading…
Scottish Widows Investment Partnership (SWIP) has completed a
new lease of Unit 5 to Marketlink Marketing Communications Limited t/a Dawson’s Marketing and
Unit B5 to Foster Wheeler Energy Limited.
Unit 5 provides
a total of 43,910 ft² (GIA), including 2,854 ft² of office accommodation and
benefits from 6.62m eaves, excellent loading facilities with 5 full height up
and over loading doors and a large secure gated yard.
The
property was let for a term of 10 years with a break clause at year 5 and at a
rent of £7.00 per ft². The tenant was granted an initial 12 month rent free
period with a further 6 months being granted if the break option is not
exercised.
Unit B5
totals some 10,597 ft² (GIA) to include 898 ft² of first floor office
accommodation and benefits from 6.60m eaves, single full height loading door
and forecourt parking.
The
property was let for a term of 10 years with a break clause at year 5 and at a headline
rent of £7.95 per ft².
Last year
SWIP completed the letting of Units 3 and 4, totalling 71,300 ft², to DHL which
were let at a rent of £7.00 per ft².
Strong
interest has been expressed in all of the remaining units which are to be
offered in a refurbished condition and comprise as follows:
Unit B4 – 11,021
ft²
Unit B6 –
10,990 ft²
Unit B7 –
11,056 ft²
For further
information please contact the landlords letting agents:Shaun Rogerson – King Sturge – 020 7087 5307
Alec White
– Sharps Commercial – 0118 939 1600
Peter
Freeman – Vail Williams – 0118 909 7400