LONDON, ENGLAND, February 12, 2010
/24-7PressRelease/ -- MERJS, one of London's leading commercial property agencies, is delighted to announce the successful acquisition of a large commercial space in SE1 on behalf of Southwark Studios Ltd. Comprising of the entire fourth floor of Rich House, Crimscott Street, the space is approximately 13,000 sq ft in size. The lease has a duration of five years with break at the third year, at a rate of GBP65K per annum. For further information visit http://www.merjs-agency.co.uk or call +44 20 7079 3976.
"This was an interesting brief for our commercial property team, considering the ultimate use of this commercial space," commented Colin Becker, equity director for MERJS. "Southward Studios Ltd needed to have a large area with flexibility in order to create their purpose built artist workspaces. I believe they are creating 47 art studios of various sizes that will be available to rent by local artists. It's a fantastic idea, and it's so heartening to see such a visionary scheme being created in this commercial property."
Rich House is located in the heart of Southwark. "It's an excellent location for this project," Colin continued. "The property is conveniently located close to shops, pubs, bars and restaurants. Borough Market is just round the corner and the popular Bermondsey Street is only a short walk away. SE1 is a very vibrant area, and Rich House is only ten minutes walk from Bermondsey tube station (Jubilee line) or London Bridge (Northern, Jubilee lines and national rail services). I'm certain that this excellent position, along with the free parking available in office hours will make Southwark Studios very attractive to London's artistic community," Colin concluded.
About MERJS
MERJS is one of London's leading commercial property agencies, and is actively involved in selling and letting commercial property throughout Central London.
MERJS helps to identify and negotiate the most suitable office space to let for commercial tenants; including serviced office space requirements, refurbished offices in Central London, or a new commercial property development.
MERJS also advises a number of high profile organisations such as property companies, commercial developers, institutions and private commercial property landlords on acquiring and selling commercial investment property for sale. This involves access to a wide range of commercial investment opportunities and a detailed understanding of the Central London commercial property market.
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