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.