Altus Group was instructed by VTS who occupy industrial premises on an estate in Hayes, Middlesex. The site includes a very large car park. At rent review, the landlord’s surveyor argued for a significant rental increase from £168,750pa to £237,650pa, attaching much value to the yard.
Our Surveyors researched the immediate area for rental values to apply to the yard. It became apparent that there was a need to cast the net wider and evidence was obtained to demonstrate that the rental value for the yard area should be much less than the landlord’s proposal. Convincing the landlord was difficult but after making a third party application, agreement was reached saving the client £143,250 over the 5 year rent review period.
Whatever your property requirements, we can help. Altus Group Corporate Real Estate solutions tailored to your business.
Lease renewals for occupiers
Our experienced Lease Consultancy team can help you achieve the lowest rental and best lease terms for your commercial property.
Lease regearing for occupiers
Restructuring or regearing the lease can help you secure longer lease terms, reduce costs and provide improved flexibility for your business.
Rent reviews for occupiers
Each property has unique lease terms, and you will always need expert advice to ensure you achieve the lowest rent possible.