10 Oct 18 by Nicola Murrish
Rent Review – Trenant Industrial Estate, Wadebridge
Acting on behalf of the landlord in respect of the rent review of an industrial unit in Wadebridge, Vickery Holman are pleased to confirm a 15% rental up lift in 3 years.
The 1980’s built 5,500 sq ft detached industrial unit is located on a popular and well known industrial estate in the town. Using their local knowledge and expertise, Vickery Holman were able to successfully agree an increase to £4.25 per sq ft, following a 3 yearly review. With limited comparable evidence available of industrial units of that size and style in the immediate area, Vickery Holman were able to apply their local knowledge and expertise to analyse the available evidence and agree a favourable rent on behalf of their client.
Rent reviews can be complex procedures, it is therefore vital that any party, or their representatives, undertaking such negotiations have a thorough understanding of the processes involved, as well as local market conditions and comparable evidence.
Vickery Holman have a dedicated team of Chartered Surveyors who are able to help and advise on all areas of lease consultancy. If you require any assistance with a rent review, lease renewal or landlord or tenant matter, please do not hesitate to contact a member of the team.