J&E Shepherd Chartered Surveyors has been appointed by Whiteford Property to market a commercial/industrial building at Hillington Park which offers tenants the prospect of reducing the cost of their business premises at a time when many companies are seeking to cut their overheads as the UK economy enters into recession.

The property, at 15 Lorne Road, Hillington Park, benefits from being detached with its own enclosed private car park to the front and secured yard area to the rear. Whilst the building itself is industrial in nature, it has been finished internally as budget office space and benefits from an office planning consent.

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Whilst new office accommodation at this location will cost an occupier around £16 per sq ft, and newly refurbished space anything from £10-£15 per sq ft, Shepherd’s is marketing the premises at a rent of £20,000 pa, equating to a rate of £5.33 per sq ft, for which an occupier will get 3,750 sq ft of space, together with private parking, storage, their own front door and no service charge.

Steve Barnett, commercial partner at J&E Shepherd's Glasgow office, said: "As the impact of the global economic crisis begins to bite, many companies are seeking to cut costs wherever possible. Perhaps the single largest overhead that can be tackled and make a significant difference is the cost of their business premises.

"This property represents great value for money with a budget rental and flexible terms. As such, we anticipate much interest from companies keeping a prudent eye on the bottom line, particularly in the current economic climate."

(GK/JM)