A local charity is set to benefit significantly from rental income received from five new tenants at their Bradford base, thanks to deals recently concluded by the Bradford office of leading Chartered Surveyors, Eddisons.
Acting on behalf of The Lighthouse Group, a Christian Education Charity, Eddisons has successfully let over 85% of the available office space at the Bradford Centre of Excellence, including suites to Handelsbanken, the National Bank of Sweden, Technick, a design company based in Hertfordshire and, Stockport based Bancroft Textiles. All deals were completed off an asking price of £15 per sq ft. and once fully let the building will generate approximately £80,000 per annum for the charity.
Jonathan O’Connor of Eddisons said: ‘The new tenants were attracted by the centre’s superb location being close to the city centre and motorway network, the high quality of the office suites, meeting rooms, coffee house and managed reception facilities. ’
‘The speed by which these pre-let deals were concluded proves that good quality office space in Bradford is capable of attracting businesses and I anticipate significant interest in the remaining 15%, which is great news for the city.’
The Centre of Excellence is also the new 10,000 sq. ft. headquarters of The Lighthouse Group which helps young people who are at crisis in their education and exists to give the young people of Bradford a second chance no what circumstances they find themselves in.
The growth in demand for their services required them to relocate from their original premises on Great Horton Road. The Lighthouse Group also has facilities in Birmingham and London with plans in the pipeline for further centres nationwide.
In addition to the 16500 sq ft of office space the centre has a full size sports hall, coffee shop and reception facilities. The site creates a unique community and has been developed as an environmentally friendly office park utilising both solar panels and wind turbines.
Tim Morfin, Director of The Lighthouse Group said: ‘Our new headquarters are a wonderful facility and the income we will receive from these new tenants will be invaluable in allowing us to achieve our objectives of continuing to provide help and support to many of Bradford’s disadvantaged young people.’
The remaining 775 sq ft of space is available on flexible lease terms, from £15 per sq ft. More information is available from the Bradford office of Eddisons on 01274 734 101.