Prior to the expiry of the previous lease, we were instructed by the landlord to market and dispose of the property on the best commercial terms.
Having agreed to dilapidations with the previous tenant and undertaken the works, we successfully pre-agreed terms with a gallery/arts business that took a 10-year lease at an improved rent of £188,000 per annum.
The premises were let and occupied less than two months after the expiry of the former lease, minimising a void period for the client.