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

Investor-sought-for-Gloucester-Landmark-Site-with-Potential

Investor sought for Gloucester Landmark Site with Potential

Picture By www.edwardmoss.co.uk 07766250970
Please credit Edward Moss Photography.
Bruton Knowles Headshots Worcester

Upcoming Auction will Test Strength of Three Counties Land Values

Small-Businesses-alerted-to-availability-of-Flexible-Industrial-Units-at-Scarborough-Business-Park

Small Businesses alerted to availability of Flexible Industrial Units at Scarborough Business Park

Colliers-markets-250-year-old-Gloucestershire-Pub-as-Flamboyant-Operator-calls-Time

Colliers markets 250 year old Gloucestershire Pub as Flamboyant Operator calls Time

South-West-benefits-from-surge-in-Regional-Property-Investment

South West benefits from surge in Regional Property Investment

Supply-Shortage-drives-Brisk-Demand-for-Refurbished-Bristol-Office-Space

Supply Shortage drives Brisk Demand for Refurbished Bristol Office Space

Jenny Petzing

Vickery Holman completes Penzance Retail Letting

Naylors’ new directors (left to right) Dean Clark, Phil Steadman and Simon Taylor.

Naylors marks 25th Anniversary with Three New Directors

L-R: Matthew Wales, Ben Johnson, Andrew Flower, Christian Crawfurd, Laura Halse, Jo Williams

DTZ put in Peak Performance for Charity

Bruton-Knowles-offers-Berkeley-Retail-and-Resi-Investment-Opportunity

Bruton Knowles offers Berkeley Retail and Resi Investment Opportunity

Businesses-steered-to-leading-out-of-town-Business-Park

Businesses steered to leading out-of-town Business Park

Strong-interest-expected-in-refurbished-Worcestershire-Inn

Strong interest expected in refurbished Worcestershire Inn

Rental-Increases-are-taking-Tenants-by-Surprise-says-Aitchison-Rafferty

Rental Increases are taking Tenants by Surprise says Aitchison Raffety

Colliers TRYathlon 3

Bristol Business Community boosts Green Charity at Colliers TRYathlon

First-Unit-sold-at-Truros-Walker-Business-Park

First Unit sold at Truro’s Walker Business Park

N

LSH urges Developers to take Opportunity to Shape Future of South Gloucestershire