Head of Lease Consultancy
Mob: 07384 112092
Owners and landlords need to capitalise on their commercial property investments. Vickery Holman understands that and we provide a full commercial property service for owners and landlords.
Achieving the best rental values on your commercial property remains a key concern, especially during the current changeable and uncertain market. Our team is based in the South West, with offices in Truro, Plymouth, Exeter and Bristol so we are well placed to help you with local market rates and conditions.
Recent times have been difficult for landlords of retail property, but the renewal of leases still needs to be dealt with. In many cases tenants have tried to avoid committing to a new agreement or avoid the issue. This is an example of securing a positive outcome for a landlord faced with that problem.
This shop is a convenience store in a small neighbourhood retail parade. The lease had expired and the corporate tenant, One Stop, was refusing to respond to approaches to renew it. That could not be allowed to continue indefinitely.
The answer was for us to enforce the statutory deadlines of the renewal process laid out in the 1954 Landlord and Tenant Act to the landlord’s advantage. Faced with a potentially costly and unnecessary court case the tenant cooperated and a new lease was agreed.
By using our in depth knowledge of the local market a significant increase in rent was secured for the landlord from £20,500 per annum to £24,500 per annum despite the difficult current market situation.
A combination of determination, understanding the law and market knowledge solved our client’s problem and gave them the result they needed.
Our experienced team is ready to assist with unparalleled regional advice
Tel: 01872 245600
Tel: 01752 261811
Tel: 01392 203010
Tel: 0117 428 6555
Rent Review – Formal Business Park, Camborne, Cornwall Vickery Holman has recently undertaken the Rent Review of a 13,500 sq ft industrial unit and have managed to achieve a saving for the tenant of £40,000 per annum from the Landlord’s Trigger Notice. The Lease Consultancy Team here at Vickery Holman is more than happy to […]
Lease Renewal – Ground Floor, Argosy House, Plymouth Vickery Holman has recently undertaken the lease renewal of the Job Centre at Argosy House. The new 10-year lease was agreed at a new rent of £10.50 per sq ft. This is a new high rent that has been achieved within the building and shows the increasing […]
Vickery Holman has recently undertaken both an outstanding on a Veterinary Practice rent review in Brixham, Devon on behalf of the Landlord. This rent review was unusual as the tenant was in the process of assigning their lease, and therefore we were in contact with both parties as negotiations proceeded. It was settled quickly, which allowed the […]
Vickery Holman have successfully negotiated a nil increase for a nursery occupier where the Landlord was looking to increase the rent circa 15%. Acting for the Tenant, the team here at Vickery Holman were able to use their expert knowledge within the specialist D1 use sector allowing us to provide evidence to support that the […]
Lease Renewal – First-Floor Office Space, Threemilestone, Cornwall Vickery Holman has recently undertaken a new lease and a first-floor office space at Green Court in Threemilestone. The new lease was mutually beneficial to both Landlord and Tenant with flexible break options, taking into account the ongoing trend and uncertainty over Brexit. The new high rent […]
Lease Extension Lease extension consultancy and lease reviews remain a key service for Vickery Holman. The lease advisory team has recently undertaken a new 10-year lease extension of Howden’s in Dartmouth, Devon, ensuring that the Landlord now benefits from 12.5 years of Howden’s occupation. In undertaking this, Vickery Holman has also achieved a new high […]
We can sell, let or acquire properties
Business rates consultancy
We have business rates reduction expertise
We can look after your properties for you