£1.5m Queens Road Offices Upgrade Sees Strong Investment Return

Posted on 7 April, 2016 by Chris Grigorovsky

Croudace Properties, advised by Lambert Smith Hampton’s Reading team, undertook an extensive upgrade of 3 Queens Road since acquiring it in June 2014, which has now seen its first tenant.

Queens Rd

The 15,239 sq ft grade A office space comprises open plan floorplans over ground and three upper floors. The ground, first, second and third floors offer 3,635 sq ft, 3,939 sq ft, 3763 sq ft and 3,902 sq ft respectively.

LSH has managed to secure its first tenant, Operational Research in Health Ltd, which has acquired the second floor.

Commenting on the letting, senior surveyor at Lambert Smith Hampton, Hannah Bennett, said: “Operational Research in Health Ltd wanted to re-locate to high quality offices on a single floor in Reading town centre, close to amenities and the train station.

“3 Queens Road ticks all of these boxes and they were particularly keen to take advantage of the high-spec refurbishment. Interest in the remaining floors is high and we look forward to a 100% occupancy rate in the near future.

The ground, first and third floors are still available and if interested then you can register with LSH.




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants