Albert Works Unit snapped up on the first viewing
November 29th, 2017
Albert Works in Hove is a fantastically modern live/work scheme just a few steps away from Hove Station. As experienced Commercial Agents in the Brighton & Hove area, and specialists in New Build properties, Oakley were instructed to lease all of the units off-plan for the new development when it was created 2 years ago. We were delighted to again be instructed to lease the Units in recent months when the current lease terms had run their course. Each Unit has access to BT and Virgin Fibre broadband, and the development thus far has attracted digital industry professionals thanks to fast broadband and open-plan studio style spaces and the added bonus of on-site parking.
Upon the very first viewing of Unit 2 Albert Works, conducted by Ben Pettett of our Commercial Property Team, the property was snapped up by one of the two companies that came to view, agreeing lease terms at an increased asking rent that very evening. Within 16 days of the viewing, the entire lease agreement had completed. There are many great businesses moving into the Hove area looking for affordable, accessible and practical workspace and each unit of Albert Works is a thoughtfully designed, versatile space for growing businesses so it’s no wonder the unit didn’t stay on the market more than a few days.
“The landlords have created a great working space with modern and practical appeal very close to Hove’s main line train station which has made securing a tenant a lot easier. When we first had these units on the market 2 years ago, this was an unproven high quality office location but such a speedy letting proves that if the quality of the product is right, there should be no issues in finding tenants. Achieving asking rent with minimal empty periods on the property has added value to our client’s investment”
If you'd like to know more about our Commercial Properties currently listed, be kept informed of future availability of units at Albert Works, or, would like us to assist you in the lease of a Commercial Property, Ben can be contacted at our Brighton office, 01273 645773.