5 December 2009
Whilst larger deals have proved elusive in 2009, there is still a steady stream of enquiries and smaller transactions as demonstrated by the announcement of 2 lettings and 1 freehold sale of commercial premises in Reading just completed by Hicks Baker:
44 QUEENS ROAD
Hennessey and Hammudi solicitors have purchased the freehold of a Grade II Listed office building totalling approximately 1,642 sq ft in the reknowned 'Georgian crescent' just south of the town centre. The sale completed in November 2009.
Hicks Baker acted for the vendor, Lattitude Global Volunteering. The purchaser was unrepresented.
145 FRIAR STREET
North West College (Reading) Ltd has taken a lease from Friarose Properties on 4,773 sq ft on the first, second and third floors. The lease is for 10 years with an option to break at the end of the 5th year.
A stepped rent was agreed averaging £62,990 per annum over the first 5 years following an initial rent free period.
Hicks Baker acted for the landlord. North West College was unrepresented.
UNIT 75A LOVEROCK ROAD
Oakford (UK) Ltd has taken a lease from AW Davis Properties on a warehouse of 8,639 sq ft. The lease is for 10 years with an option to break at the end of the 5th year. A stepped rent was agreed averaging £42,331 per annum over the first 5 years.
The unit will be used as a recycling waste transfer facility.
Hicks Baker acted on behalf of the landlord. Oakford (UK) Ltd was unrepresented.
For further information please contact Richard Duncan on 0118 955 7086.
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Refurbished ground floor suite in modern office building with parking. Prime town centre location close to Station and The Oracle.
