Impressive £1.5m upgrade of Queens Road offices in Reading delivers generous return on investment

Croudace Properties, advised by Lambert Smith Hampton’s Reading-based agency team, has carried out an extensive upgrade since acquiring 3 Queens Road in June 2014.

Providing 15,239 sq ft of efficient, bright, grade A office space on open plan floorplates over ground and three upper floors, the building now benefits from an impressive double height entrance, excellent natural light, floor-by-floor ducted fresh air, a VRF heating and cooling system and ten parking spaces.

LSH is the sole letting agent for the building and has secured its first tenant – Operational Research in Health Ltd  – which has taken the 3,939 sq ft second floor at a rent of £26.50 per sq ft. The ground, first and third floors, offering 3,635 sq ft, 3,763 sq ft and 3,902 sq ft of high quality office space, are still available and interest should be registered with LSH at the earliest opportunity.

Hannah Bennett, senior surveyor at Lambert Smith Hampton explains: “Operational Research in Health Ltd wanted to re-locate to high quality offices on a single floor in Reading town centre, close to amenities and the train station. 3 Queens Road ticks all of these boxes and they were particularly keen to take advantage of the high-spec refurbishment. Interest in the remaining floors is high and we look forward to a 100% occupancy rate in the near future.”