GJS Dillon manages refurbishment and negotiates letting of Droitwich office building

An office building in Droitwich has been refurbished and fully let thanks to the efforts of GJS Dillon.

Acting on behalf of Oakendale Investments Ltd, Andrew Lewis, Commercial Director at GJS Dillon, let both floors simultaneously at 2 Hampton Lovett in Droitwich. The detached modern office premises measure 3,717 sq ft in total and are situated on Hampton Lovett Business Park. The Park is to the north of Droitwich town centre and close to national and local motorway networks.

BK Medical Ltd took out a 5 year lease on the ground floor unit which extends to 1,839 sq ft. The first floor unit which measures 1,878 sq ft was let on a 5 year lease to hotelshopUK Ltd.

The Worcestershire commercial property consultancy was first instructed on the building in March 2021. At that point, the inside of the property needed to be reconfigured into a modern open plan office having previously been occupied by one tenant for over 10 years. GJS Dillon’s Asset Management department recommended that the building be refurbished and this was carried out successfully.

Initially, the property was marketed as a whole building but GJS Dillon’s knowledge of local market data indicated that, as a result of the pandemic, the office market in Droitwich was stronger in the sub 2,000 sq ft category. They therefore recommended splitting it into two units as there was a greater chance of finding quality occupiers quickly. GJS’s Dillon’s Commercial Agency then negotiated the lettings for both floors.

‘We were impressed with GJS Dillon’s expertise and their advice was very useful’ says Scott Aston, property owner and Director at Oakendale Investments Ltd ‘We were pleased with the refurbishment work and the property went on to the market in May 2021 when there was still a lot of uncertainty due to Covid. But as a result of GJS Dillon’s marketing and contacts we found some interested parties. Mr Lewis then helped us to ascertain rental value, the property was split over two floors and we now have two tenants. We found him to be knowledgeable and helpful and it was evident we were dealing with a company who knew the local area really well’

‘This was a really satisfying project to work on’ says Mr Lewis. ‘Following refurbishment, as advised by my Asset Management colleagues, we negotiated the lettings, provided two tenants with new premises and achieved the Landlord’s rental target. This is a great example of GJS Dillon’s one agency-solution, whereby we have the in-house expertise and resources to deliver the very best value for our clients’

Further information about Worcestershire commercial property to rent or for sale is available from Andrew Lewis on tel. 01905 676169 or email andrewlewis@gjsdillon.co.uk or via www.gjsdillon.co.uk

GJS Dillon’s Worcestershire Commercial Property Market Report 2021 can be found here https://www.gjsdillon.co.uk/marketreport/


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