Retail Park Case Studies


BRIDGE LANE, PENRITH


  • Section 18 for Tenant
  • Landlord’s Claim £705,000
  • Section 18 - £100,000
  • Settlement - £220,000
  • Local comparable transactions, and similar fact agency experience, illustrated that certain works would not be ‘value affective’
  • Such included many of the internal redecoration works to the warehouse floor and beams, blockwork walls and cladding
  • Valuation provided B.S with ammunition to achieve a substantial reduction

THREE ELMS ROAD, HEREFORD


  • Section 18 for Tenant
  • Landlord’s Claim £235,000
  • Property relet to The Range
  • Landlord’s claim included £168k to reflect rent free incentive given to new Tenant
  • Section 18 - £25,400
  • Local comparable transactions illustrated rent free incentive market led, rather than as a result of any items of disrepair
  • Settlement - £50,000

82 HIGH STREET, BANBURY


  • Section 18 for Tenant
  • Landlord’s Claim - £661,306.47
  • Section 18 Valuation - £175-£200,000
  • LL agreed letting immediately after expiry
  • Detailed analysis of Heads of Terms identified certain works required by ingoing tenant
  • But not all of LL’s Claim - therefore not all works will have positive impact on value



Paul J Raeburn BSc (Hons) MRICS DipArb FCIArb 
RICS Accredited Mediator
 
Neil Burridge BSc (Hons) MRICS ACIArb
RICS Registered Valuer

Chartered Institute of Arbitrators

CIArb exists for the global promotion, facilitation and development of all forms of private dispute resolution around the world to maximise the contribution that dispute resolution practitioners make.

Regulated by RICS

"Regulated by RICS" confirms to potential clients that we can be trusted to deliver high standards of service. "Regulated by RICS" conveys a consistent message of confidence and quality to our clients.