QUALITY STILL IN DEMAND
Following on
from the article published in the January edition of Talking Business, highlighting
the success of marketing quality office space, Nick Ball, director at Philip Marsh Collins Deung, based in Beaconsfield,
is delighted to announce that the prestigious Barn conversions he has been
marketing on behalf of Carington Estates have all let. It is just 12 months
since long term tenants BT Fresca vacated 3 barns at the end of their leases to
move to double the amount of space in High Wycombe
town centre.
“I have been
involved in this development since it was originally converted in 2006 and
although I have let the smaller units from time to time, I have been itching to
test the larger buildings in particularly challenging times. When BT Fresca
left, approximately 75% of the office space was available but I had every
confidence that the product, environment and landlord would attract good
tenants in a reasonable period of time.”
The smallest vacant
unit let immediately, and with two companies competing, ensuring a good rent
with no rent free period. Detailed negotiations had been going on with a
nationally recognised organisation for the larger two buildings but they ceased
after approximately 3 months. Fortunately, in the meantime, the existing
occupier of the smaller units 3 & 4 had expressed a desire to expand within
the development and a move into unit 1, surrendering their existing lease.
Those smaller
units were then let fairly quickly to two separate companies, coming to Flackwell
Heath from the Marlow and Maidenhead areas.
Finally, a
lease on the largest unit completed at the beginning of April meaning that all
the barns are now in separate occupation and income producing.
Nick closes by
saying: “I will miss showing people around; you always get a buzz when people appreciate
quality accommodation, and it’s is not just talk at Abbey Barn Business Centre.
