Morgan Lambert Lease Further London Properties

Posted on 15 October, 2012 by admin

Morgan Lambert & Partners Property Consultants have continued to go from strength to strength in the London commercial property market, leasing a further two commercial properties in highly desirable locales.

Astra (GB) Limited have acquired commercial property space at 3 Dorset Rise, London EC4, following extensive refurbishment works to the commercial property offices. Their new premises are located on the eighth floor of the building, and altogether amount to 3,760 square feet. Astra (GB) Limited are a subsidiary company of SES SA of Luxembourg – a commercial property business which is known internationally as a ground breaking satellite operator.

Astra (GB) Limited agreed upon a contract which details a ten year lease, subject to a rent review or break clause following the initial five year period. They will pay £154,160 per annum in rent for the air conditioned commercial property offices – a price which works out at £41 per square foot, making it a fair price for a London postcode.

Morgan Lambert & Partners represented Astra (GB) Limited in the negotiations, while Farebrother represented the commercial property landlords.

Meanwhile, Morgan Lambert have also sealed a deal successfully with Ear to the Ground Ltd, which is the service company to the Barristers Set known as Doughty Street Chambers. Acting for private clients David Menzies Associates and their joint partners, Morgan Lambert leased the 5 storey Grade II listed commercial property at 19 Doughty Street, London WC1, which comprises both fully contained office space and residential areas.

The property has a net floor area of approximately 3,448 square feet, and Ear to the Ground Ltd will pay £77,500 yearly in rental costs. As with the previous deal, the tenancy period is ten years, with a rent review following five years of occupation in the London commercial property. However, the tenant’s break option in this case will apply in June 2015.

As commercial property in London remains a highly desirable niche market, we have no doubt that Morgan Lambert & Partners will continue to secure successful deals for their clients in the coming months, especially as the eyes of the international community remain focused on London as both a place for business and a profitable leisure location.




Leave a Reply


Recent Posts

Star award against gradient background

Auction House awarded new Industry Accolades

Charles-Darrow-offers-Two-Exceptional- Cornish-Freeholds-for-Sale

Charles Darrow offers Two Outstanding Cornish Freeholds for Sale

Claudia at copmuter

Shortage of industrial sites pushing artisans out of Bath

Flexibility-key-factor-in- contemporary-office- search

Flexibility key factor in contemporary office search

Business people walking. Specially with high contrast.

Industry Appointments: Ward Hadaway Continues Year Of Expansion

Clifton Suspension Bridge at night , Bristol, UK

Burston Cook completes flurry of Bristol Deals

Vickery-Holman-confirms-new-Lettings-and-Associates

Vickery Holman confirms new Lettings and Associates

Business people walking. Specially with high contrast.

Industry Appointments: Pepper Spices Up Its Property Team

People at modern building some walking around, some looking at urban view

Industry Appointments: Head Office move for St Modwen and Steven Prosser

Female maid cleaning hotel room with towels in hand

Leisure Property Specialist reports Increasing Activity

Sharpening-Demand-and-Flexibility-key-to-Double-Gloucestershire-Office-Sale

Sharpening Demand and Flexibility key to Double Gloucestershire Office Sale

external facade of office buildings

Industry Appointments: Nationwide Management Team in place at CPBigwood

Bruton-Knowles-appointed-to-let-Gloucester-Warehouse-and-Office-Property

Bruton Knowles appointed to let Gloucester Warehouse and Office Property

Cornwall-Office-Building-becomes-Chapel-of-Rest

Cornwall Office Building becomes Chapel of Rest

Auction-House-looks-forward-to-Record-Results-after-passing-Milestone

Auction House looks forward to Record Results after passing Milestone

office building with heavily polarized sky.,

This Week’s Commercial Property Industry Appointments