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

RICS Registered Valuer
Regulated by RICS
Chartered Institute of Arbitrators