PRESS RELEASE

 

NEWBURY OFFICE SPACE OFFERED TO THE MARKET

 

 

 

14,640 sq ft (1,360 sq m) of Newbury office space has come to the market through Baker Davidson Thomas, acting on behalf of one of their retained corporate clients who wish to retain anonymity.

 

Weir House’s position within the Overbridge Square Business Park development is approximately two miles to the east of Newbury town centre, and just 400 metres from the main A4 trunk road.  The building is a detached, two-storey design with 55 on site car spaces, air conditioning, raised floors, a canteen and existing fit out arrangements.

 

BDT and their joint agents are offering the building as a whole or in floors 7,255 sq ft (674 sq m) and 7,385 sq ft (686 sq m).  The rent is set competitively at £12.50 per sq ft, with around five years remaining on the lease term.

 

Richard Thomas from Baker Davidson Thomas commented:  “Newbury’s office market performed very well in 2009, with the forecast for 2010 appearing positive.  In marketing the property we will be tapping into demand from existing local occupiers, as well as relocation requirements from more expensive commercial centres in the region.”

 

“Newbury’s position at the western fringe of the Thames Valley, and therefore more distant from Heathrow, means that its prime rents are significantly less than other locations.  Newbury therefore benefits from occupiers seeking to lower their occupational costs, and there is certainly evidence of movement from larger regional centres.”

 

 

 

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11th February 2010

Contact for further information: Richard Thomas

Baker Davidson Thomas

E-mail:  richard.thomas@bdt.uk.com

Telephone:  01256 840 777