Here is a very small selection of case studies mostly relating to lease re-structuring and service charge matters where confidentiality agreements are not in place and where clients consent has been obtained to show details.
London Restaurant - Mayfair
Problem: High Service charge costs.
Solution: Service Charge cap negotiated.
Result: Service Charge cap agreed by Landlord.
Savings: Minimum £2,500 plus VAT for next 10 years. Total in excess of £25,000 plus VAT.
Industrial Unit - Midlands
Problem: Property surplus to clients requirements but with unexpired lease term.
Solution: Early surrender negotiated and new letting lined up.
Result: Deed of surrender completed at Nil premium and no dilapidations.
Savings: In excess of £22,000 plus VAT.
London Restaurant - City
Problem: High Service charge year end balancing charges.
Solution: Lease provisions checked and dispute managed.
Result: Service Charge credits issued by Landlord.
Savings: £28,000 plus VAT.
Retail Parade -
Problem: High occupancy costs, Long Lease with no break options.
Solution: Deed of variation negotiated with landlord.
Result: Annual saving for remainder of lease.
Savings: Minimum £3,200 per annum for remaining 10 years of the lease. Total £32,000 plus VAT.
Bridgewater-
Problem: Landlord unwilling to agree permanent alterations to long lease with high occupancy costs and no break options.
Solution: Temporary rent reduction.
Result: £2,000 reduction in rent for 12 months.
Savings: Total £2,000 plus VAT.
Central Bristol -
Problem: High occupancy costs, Long Lease with break option.
Solution: Variation negotiated with landlord reducing annual rent.
Result: £5,500 reduction in rent for remainder of lease term.
Savings: £5,500 per annum for remaining 5 years of the lease. Total £27,500 plus VAT.
Stroud -
Problem: Long Lease with rent likely to rise at forthcoming rent review tenant had a beak clause.
Solution: Variation negotiated with landlord reducing the rent for 12 months and agreeing Nil increase on rent review.
Result: Rent reduced by £4,000 for one year. Rent review agreed at Nil increase.
Savings: £4,000 plus circa £2,000 on rent for next 5 years. Total £14,000 plus VAT.
Shopping Centre, Bristol -
Problem: High Service Charge and likely to rise further.
Solution: Variation negotiated with landlord reducing the service charge and agreeing a cap.
Result: Service Charge reduced by £1,588 per annum and capped at £9,000 per annum for next 3 years.
Savings: £1,588 on service charge for next 3 years. Total £4,764 plus VAT.
Bristol -
Problem: High occupancy costs, Long Lease with break option and rent review.
Solution: Deed of variation negotiated with landlord for rent reduction for term.
Result: Annual saving for remainder of lease.
Savings: Minimum £2,500 per annum for remaining 10 years of the lease. Plus £2,250 for next 5 years. Total £36,250 plus VAT.
Bath - Property Search
Problem: Start up firm required office space within 7days following receipt of large order.
Solution: Property search conducted and ideal property located.
Result: Firm moved in and was trading within 7 days.
Savings: Time and inconvenience.
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