Acting on behalf of a private property investment company and owners of a number of trade counter and roadside investments, the Lease Advisory Department at Roger Hannah & Co. has successfully completed negotiations for rent review purposes on two investment properties in the North West.
We have successfully negotiated a rent review on a 3,500-square-foot trade counter unit located in Macclesfield, which has seen an increase in rent on review from £27,200 pa to £31,750 pa, which represents an increase in excess of 16%.
Additionally, rent was agreed on a 6,000-square-foot roadside tyre at an exhaust centre in Manchester, resulting in an increase at review in excess of 10.5%.
Both deals see a significant increase in rent, well above client expectations. The market for similar roadside and trade counter units has been particularly buoyant recently, and moving forward, we believe that the trend towards growth will continue.
Our dedicated Lease Advisory team has the specialist skills and experience to deal with all commercial landlord and tenant matters, advising clients across all sectors of the property market, both regionally and nationally.
Our team can help with rent reviews, lease renewals, restructuring/re-gearing, surrender/assignment of leases, and sub-lettings as well as general advice on all lease-related matters and landlord and tenant issues or disputes.
