Acting on behalf of Begg Nominees Limited (c/o F & C Reit Asset Management) Wadham and Isherwood have let, on completion, nearly 80% of the newly refurbished offices at 171 & 173 High Street.

Kyan Media Limited has taken a 10 year lease on 171 High Street (2,928 sq ft) at a rent of £65,000 per annum exclusive whilst ITM Limited have taken a 5 year lease on the entire first floor of 173 High Street (3,032 sq ft) at an initial rent of £60,640 per annum exclusive.  The lease on 171 High Street incorporates a rent review and tenant’s break at the end of 5th year of the term whilst that on 173 High Street incorporates a tenant’s break at the end of the 3rd year.  ITM Limited was advised in the transaction of 173 High Street by Newton Perkins.

Daniel Plummer of F & C Reit Asset Management said that he was delighted to see that good lettings on good quality accommodation could still be achieved speedily in the current market and suggested that this boded well for the next phase of the development at 84 North Street, Guildford, which was due to complete in September 2009 and would provide a further 11,000 sq ft of similar high quality accommodation over 3 floors.

Wadham and Isherwood on behalf of Threadneedle Property Investments Ltd have recently let 6,685 sq ft at River House, Broadford Business Park, Shalford, Nr Guildford.

The property has been let to Gordon Murray Design Ltd for a term expiring March 2017 at an initial rent passing of £106,960 per annum inclusive of nominal service charge (£16 per sq ft).  The lease contained a tenant only break in March 2013.

Wadham and Isherwood on behalf of Calypso Property Portfolio have recently let 2,251 sq ft at First Floor, 1 Bell Court, Leapale Lane, Guildford.

The property has been let to Kellan Group Ltd for a term of 5 years at an initial rent passing of £50,000 per annum exclusive (£22.21 per sq ft).