Small Back Room has renewed through us a comparatively large Waterloo office, spread over ground and mezzanine floors, at 5 Wotton Street.
We negotiated the renewal of market level headline rent with a substantial rent free period, to create an overall rent which was lower than the previous passing rent – from £98,000 per annum to the equivalent of £89,500.
The arches at Wootton Street, owned by Network Rail and a stone’s throw away from Waterloo Station, are quirky yet functional and spread over ground floor and mezzanine.
We were also instructed to act on behalf of No. 7, however after reassessing their property needs the Tenant decided to seek accommodation elsewhere.
