10 Bricket Road Now Fully Let
Bray Fox Smith have advised Threadneedle Investments in agreeing a new lease with Pharmathen UK Ltd, for 2,981 sq ft ground floor office space at 10 Bricket Road, St Albans. The rent is £67,072.50 per annum based on £22.50 per sq ft, to expire on 3rd November 2019. The tenant was granted a 6 month rent free period. Pharmathen are a private pharmaceutical company focused on the development and marketing of phamaceuticals, with a strong focus on generic products. Their products are approved across the whole of the EU.
Comprehensively refurbished in 2013, the letting of this ground floor suite sees 10 Bricket Road now fully let. Paul Smith of Bray Fox Smith comments “We have progressively secured better terms for each deal, rising from £20.00 psf in November 2013 to £21.75 psf October 2014 and now £22.53 psf, showing the strength of the central St Albans office market and the desirability of 10 Bricket Road.”
10 Bricket Road is prominently located in the city centre only a short walk from St Albans train station, serviced by the Thameslink service with a direct journey time of 19 minutes to St Pancras International. St Albans sits between junctions 21 and 22 of the M25, with the M1 and A1(M) within easy reach.
