Recently we swiftly negotiated and concluded a case involving a disagreement between our Client, a Business Tenant and the Landlord as to the market rent applicable for some prominent restaurant premises in Leeds. We saved the Client £15,000 over the first year of the review period alone and over £35,000 in total all for a modest fee which made the exercise highly cost-effective for the Client.
We are currently acting on behalf of Landlords of retail investment property and negotiating uplifts in rental on their behalf. Exhaustive research is carried out to gain the most suitable comparable rental evidence.
We are currently assisting Client with a lease renewal on some business premises in Leeds. The Landlord was unwilling to negotiate a reasonable rent hence we advised them to apply to Court and put them in contact with an appropriate litigation solicitor.
Not all property investors own the freehold of their building. If you hold a long leasehold title then an opportunity may arise to acquire the freehold and this could enhance the value of your interest. Alternatively, you may be thinking of renewing and extending your ground lease. Normally ground leases will contain restrictive covenants and the impact of these on marketability needs to be carefully assessed.
Andrew Idle Associates can advise you as to the best approach in these situations.
For expert commercial property advice: Contact us to discuss your requirements.