Our client sought a lease renewal for a trade counter unit on an industrial estate, occupied by Wolesley Plumbing. Their objective was to secure the best possible rent and most favourable lease terms, ensuring the property’s income reflected current market conditions and maintained its long-term investment value.
The key challenge was negotiating a lease renewal that achieved both an optimal rent and favourable lease terms for the client, while maintaining a strong relationship with the tenant’s representatives. Market conditions, lease provisions, and tenant negotiations required careful handling to achieve the desired outcome.
Our Approach
Our approach combined a detailed inspection of the property with a thorough review of the existing lease terms. We also conducted extensive research into recent market transactions on the estate and engaged directly in negotiations with Wolesley’s agents. By leveraging market data and a proactive negotiation strategy, we were able to secure favourable terms for our client.
The outcome was highly successful: the client achieved the highest rent recorded on the estate and a new five-year lease term, providing both financial and strategic benefits. This transaction not only enhanced the income for the current lease but also supported rental benchmarks for future reviews and lease renewals across the estate.
This demonstrates the value of combining technical lease knowledge, market insight, and proactive negotiation to achieve outcomes that benefit both current income and long-term asset performance.
Case Study
Church Street, Twickenham
Our client owned a mixed-use property at Church Street, Twickenham, comprising both retail and residential units. The primary objective