Lorenz Consultancy Blog

1,866 sq ft Trendy Warehouse Conversion Space Let to Established Local Firm of Architects

Written by Andrew Knights | 13/05/16
WOOLYARD, 52 BERMONDSEY STREET SE1
 

Having acquired 3 adjoining 1st floor suites for Menztendorff for the long term, we were instructed to market one suite by way of a sublease.

The space has superb features being a former warehouse, including exposed services and exposed brickwork throughout.

A short marketing period led to a successful letting to Urban Eye Contractors Ltd for a term until 2024 subject to a break clause and upward only rent review in 2019.

We achieved a rent of £57.50 per sq ft per annum exclusive, we believe reflecting a record level on the estate at the time of terms being agreed.