This modern office building was acquired for private clients and comprises a distinctive 8,000 sq. ft. building set in park surroundings. Itbecame vacant in 20xx, following the departure of a well-established tenant. The office rents in the area were ad traditionally around £18.50 per sq. ft.
After close consultation with local agents and our client, we undertook and project managed the refurbishment of the offices to include the replacement of the old air-conditioning with a modern VFR system, repositioned the ceiling with a new integral system with LED lighting and carried out a refurbishment of the central core, retaining parts of the building capable of being reused within the new scheme.
A central focus was the improve the EPC from an F rating for the building, to broaden the buildings appeal to a wider range of tenants in a difficult market, whilst avoiding the expense of changing many of the expensive elements of the building, such as the windows and exterior fenestration.
The whole refurbishment was undertaken at a cost equating to £40 per sq. ft. With the careful use of lighting and services the EPC is now a C rating.
The building has been let to Uponor Ltd who are an international company, for a term of 10 years without breaks paying a rental in excess of £22.50 sq. ft