Thinking about moving your business to Maidenhead? The location between London and Slough and a thriving community make it a highly desirable town for business.
Maidenhead in Berkshire is full of that unique appeal that small English towns have in plenty. Its location on the south of the River Thames has made it a testing ground for rowing athletes, some of whom have gone on to participate in the Olympics. Besides water activities, Maidenhead offers a lot to do for art lovers with its various galleries, scenery and annual events, not to mention that it has grown into a top vacation destination.
The Thameside town lies 30 miles west of London, a location that makes it a popular choice for businesses. It offers a sharp contrast of country and urban regions as the establishment of more companies have led to the construction of more commercial property in Maidenhead.
Currently, there are plans in place to rejuvenate Maidenhead in a bid to capitalise on its potential. The Partnership for the Regeneration of Maidenhead was set up in 2007 by the Royal Borough of Windsor and Maidenhead, and part of its 20-year vision plan is to improve the infrastructure of the town centre. The region is home to several companies and industries such as telecommunications, software, pharmaceuticals and printing, among others. Notable names such as Maersk, Volvo UK, Adobe, GSK, Morgan McKinley, Siemens IT Solutions, Pfizer, Netsuite and Intuit are just some that have offices in Maidenhead.
Maidenhead is between London and Slough, which are both major economic hubs; hence, its attractiveness. Maidenhead also happens to lie in the Silicon Corridor, an area along the M4 Motorway that is considered to be the backbone of Britain’s IT industry.
Any company that is looking to set up offices Maidenhead benefits from the easy road and rail transportation links. The Great Western Main Line cuts through the town with a stop at the Maidenhead railway station with connections to Reading, London and Oxford. There is also the Furze Platt railway station, which provides services in the northern part of the town. The Marlow Brach Line is the link from Maidenhead to Marlow. First Great Western is responsible for the rail services in the area.
Maidenhead lies between the M4 and M40, giving it unrestricted access to London’s Heathrow Airport. The A404 (M), which is on the edges of the town’s western side, acts as a link between the two motorways. On the M4 Corridor, seven junctions provide access to different parts of the region from West Berkshire to London to Reading and beyond. For transportation to Slough, motorists use terminals 5, 6 and 7, lying to the east of the motorway while 10, 11 and 12, to the west of the M4, cater to Reading. At Maidenhead Bridge, the A4 crosses the River Thames then cuts across the town. The Thameside town is not overly populated even with its ideal location, so parking in the area is not much of a hassle when compared to the surrounding regions although long-term parking is lacking in the town.
The development of the Crossrail project is another reason to establish companies in the not so far away future. Crossrail is a rail line set to launch in 2018 and will cross London west to east, making it possible for people to travel straight to the core of the capital with the need to change Tubes. It will also allow individuals to get from Maidenhead to Bond Street in 40 minutes and Canary Wharf in 54.
The commercial property in the Maidenhead market is still recovering from the recession, but the demand for office space increased with the anticipated development of the town centre. Real estate has seen a surge in its prices not only because of the expected Crossrail but also the planned expansion of Heathrow Airport, which will see more businesses able to transact operations regionally and internationally.
Nicholson’s Shopping Centre is one of the buildings that offer shops to let in Maidenhead. Presently, the town is playing catch-up with the rest of the region, and there is a significant need to upgrade the commercial real estate to accommodate the shifting requirements that will, undoubtedly, crop up in the next few years. The scheduled regeneration plans are expected to enhance retail sector offerings as more small enterprises seek out business premises.
Part of the regeneration project includes The Landing, a proposal that will see the areas between Queen Street, King Street and Broadway converted into 265,000 sq ft of office space and 48,000sq ft of retail space , in addition to 225 apartments.
Rental rates in Maidenhead town centre are expected to keep growing as more businesses realise the underestimated potential of the town.
In 2016 H1, Maidenhead saw a record rent for office space at the Pearce Building as both Blackberry and McAllister Olivarius paid £37.50 per sq ft. It is expected that offices Maidenhead will go for a little over £30.00 per sq ft. However, the town continues to offer lower rent per sq ft when compared to other towns that enjoy the same proximity to London.
The High Street is part of the town centre that is seeing a huge increase in popularity as it undergoes different developments as part of the regeneration.
West Street is also a good alternative for shops to let in Maidenhead as it is the scene of a hotel and two new office blocks.
The Landing will be on the Broadway Triangle, so the surrounding areas are great investments as well.
For hospitality businesses, Boulter’s Lock is a famed attraction for families.
FINDING THE RIGHT PROPERTY
Settling on suitable business premises, whether it’s office space or shops to let can be a frustrating undertaking. A myriad of aspects come into play when deciding which property best aligns with your business objectives, thus the need for professional expertise. An estate agent can guide you through the selection process, which will make it less challenging to weed out the options that don’t meet your needs until you finally get that ideal space. Before signing a rental agreement, consider factors such as the market trends, the value of the property and its expected growth, location and rental prices in surrounding regions, among others. With an agent’s help, you can weigh all these elements beforehand so as to make an informed decision.
You can easily delegate the minutiae of finding commercial real estate to an agent and concentrate on setting up or relocating your business. A commercial property expert is an invaluable asset when it comes to negotiating prices. Real estate agents also have a finger on deals and discounts that may be on offer, and these can help cut down on your rental expenses. Every business has its specific requirements when it comes to office space, and you also have to consider the scaling potential of a commercial property in Maidenhead.