MERJS commercial property agency demonstrates high return on investment from refurbishment at SW1 ai
MERJS, a leading London Commercial property agency has successfully increased the rental value of air conditioned offices at 11-19 Artillery Row, SW1 from £18.00 psf. to £45.00 psf following refurbishment advice
[UKPRwire, Sun Jun 28 2009] MERJS – a leading London commercial property agency is delighted to announce the successful letting of over 40,000 square feet of refurbished air conditioned offices at the impressive SW1 commercial property 11-19 Artillery Row. MERJS has also advised on the substantial refurbishment of the entire second, third, fourth, fifth, seventh and eighth floors, thereby increasing rents from £18.00 psf. to £45.00 psf. For further information visit www.merjs-agency.co.uk or call +44 20 7079 3976.
MERJS have been solely instructed to manage the commercial lettings of this substantial commercial property. The first floor of 11-19 Artillery Row has been let to the Chartered Institute of Taxation, with several other offices having been let to other companies. Artillery Row is ideally situated in central London, with excellent public transport facilities for those working in this central London commercial property. The St James's Park (District and Circle), Westminster (District and Circle, Jubilee line) and Victoria (District and Circle, Victoria line) underground stations are all within easy walking distance.
Colin Becker, Equity Director at MERJS said: "We are delighted to have let the first floor of this impressive commercial property, and we have been very closely involved with the refurbishment on the majority of the floors within it. The benefits of the refurbishment are clear; a substantial let despite the tough economic climate and the simple fact that the rental value of the air conditioned offices in this property has risen by £27 per square foot." An office suite of 6,800 sq. ft. is currently available on the seventh floor. "The remaining office provides an open plan area together with 2 private offices, a meeting room, a communications room and a kitchen," Colin described. "We anticipate high interest in this central London office suite, due to the excellent transport connections and the high standard of the refurbishment. With summer off to an excellent start, many companies are looking for air-conditioned offices like this one."
MERJS is one of the leading commercial property agencies, and is actively involved in selling and letting commercial property throughout Central London.
MERJS helps to identify and negotiate the most suitable office space to let for commercial tenants; including serviced office space requirements, refurbished offices in Central London, or a new commercial property development.
MERJS also advises a number of high profile organisations such as property companies, commercial developers, institutions and private commercial property landlords on acquiring and selling commercial investment property for sale. This involves access to a wide range of commercial investment opportunities and a detailed understanding of the Central London commercial property market.