Dilapidations and Contract Administration - Office Building, Wokingham

This case study details Dilapidations matters and Contract Administration in respect of office premises located in Wokingham town centre.

Sector:  Commercial

Client:  Private Landlord

Location: Broad Street, Wokingham

The Role: Dilapidations Consultancy and Contract Administration 

Brief Description: With a long term lease expiring, Sillence Hurn were appointed by the Landlord to negotiate the dilapidations claim with the outgoing tenant. Following extensive discussions, a six-figure financial settlement was eventually secured on behalf of the Landlord.

To allow the property to be brought back into a marketable condition, Sillence Hurn were asked to instigate works in the role of Contract Administrator. This project involves extensive works to both the external and internal parts of the 3-storey property and which comprises an original period building and a more modern extension at the rear. The works are currently still in progress and due to be completed in February 2021.

The building is located in a prime central location in the town centre and is afforded generous on-site parking facilities comprising 22no spaces. The property itself is being presented for single-occupier use but has potential for sub-division to smaller self-contained office suites. The property is being marketed by Fryer Commercial Ltd, Contact: Simon Fryer E: sfryer@fryercomm.com Tel: 01344 741033 / 07836 519613  www.fryercommercial.com

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