Worcestershire commercial property consultancy and Chartered Surveyors GJS Dillon has let a Redditch office building in less than one week on behalf of a major developer.
Acting on behalf of St Modwen, Charlie Green, commercial negotiator at GJS Dillon, let 7 The Oaks, Clews Road, Redditch, B98 7ST, to Cava Security Services Limited, on a new lease at a guide rent of £15,000.
Unit 7 is a 1,369 sq ft, modern, purpose built, end of terrace, two storey office building, situated at the centre of The Oaks office scheme, a modern development situated to the east of Clews Road within the Woodrow district of Redditch, located approximately 1½ miles south of Redditch town centre and within 5½ miles of Junction 2 off the M42.
Mrs Green says: “With an office vacancy rate of only 5.4% in Redditch pushing up rents by around 10% a year, it’s no wonder that this modern, well located office building was snapped against good competition less than a week after going on the market. Redditch is an excellent business location with first-rate communications and a flexible workforce.
“St. Modwen is one of the county’s most active developers and it was a pleasure to work alongside their Asset Management team to achieve a good result for all parties in such a short space of time.”
Gemma Butler, Asset Manager at St Modwen, says: “We are delighted that GJS Dillon secured a new tenant for our office in Redditch within such a short timeframe. This is not only a testament to the strength of the office market but to the professional service received from GJS Dillon during this matter.”