Leapale Road, GU1 4LY
Bell Court, Leapale and Stoke House was acquired as part of a much larger portfolio. The property comprised two detached listed office buildings and modern office property build in 1992 with three residential units and basement car parking. At the time the development was completed rents in Guildford were approaching £30 psf whilst at the time of purchase rents were closer to £18 psf.
Both Leapale and Stoke Houses were subject to lease renewals and light touch refurbishment.
Leapale House was subject to a much wider scope of works to include:
As a result of these works rents of £26.50 psf were being achieved with minimal Rent-Free incentive.