23rd Jul 2014 09:15
LONDON (Alliance News) - McKay Securities PLC Wednesday said it has acquired the freehold to an office block in Windsor from the property's receivers in a deal worth GBP6.9 million.
Gainsborough House, located close to Windsor & Eton Central railway station, consists of 18,660 square feet of office space over three floors, with 19 parking spaces within a self-contained car park.
The building is currently let to serviced-office operator Regus PLC until December 2016 at a rent of GBP512,834 a year.
"Lease expiry at the end of 2016 gives us the potential to renew with the existing occupier, or implement a refurbishment to benefit from improving rental values within the town and the South East generally," Managing Director Simon Perkins said in a statement.
Mckay Securities shares were quoted down 0.6% at 220.68 pence Wednesday morning.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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