Carter Jonas were instructed to market, by way of a sublease, surplus office accommodation occupied by our client Vencap. The vacant accommodation formed a self-contained open plan office, fitted out to Grade A Specification in the centre of Oxford and extending to approximately 9,708 sq ft.
The property is located centrally and within walking distance to Oxford train station providing direct links to London and to Birmingham. The 2nd floor of King Charles House presents a modern, open plan environment within the centre of Oxford and a rarely available opportunity to acquire space of this quality.
The principal challenge in marketing this property was the short term availability which was only 2 years, however it was in our client’s interest to sublet the space due to the outgoings incurred.
After an extensive and full marketing campaign, Carter Jonas were able to secure a sub tenant at a rent of £26.00 psf which was improved from the passing rent of £25.00 psf.
Carter Jonas provided leasehold and alienation advice to Vencap whilst meeting their objective and mitigating against further costs.