Advising on the sale and short term leaseback of a Cambridge office building

Shakespeare House is a four-storey office building comprising 15,850 sq ft. The property was sold with a leaseback in place to Hewitsons LLP for a term of five years, with a tenant only rolling break option actionable from 18 months into the term, subject to six months' notice. The passing rent was £451,725 per annum reflecting £28.50 per sq ft.