Case Studies
- Significantly Reducing Rates Liabilities
- Adding value through Facilities Management
- Fast track development enables important European contract wins
- Adding value and saving money
- Securing future value and flexibility
- Houses in Multiple Occupation
- Value Enhancement and Removal of Planning Restriction
- Residential Development
- Office Block Management
- Industrial Property Sale
- Commercial Property Portfolio
- Meeting Clients Investment Objectives
- An Old Master Brought Up to Date
- Seeing What's Best for the Business
- Up to the Challenge
- Thinking Ahead of the Game Pays Dividends
- Maximising Potential and Value
- A Little Bit of Digging Can Pay Dividends
- Development, Sale and Lease Back
- Rapid Disposal and Rent Uplift after Fire
- An Unexpected Windfall for Car Giant
- A Refit Under Budget & A Smooth Relocation
- Resolving a Logistical Challenge
- Recognising the Alternatives to Relocation
- Reducing Rates Liabilities by over 10%
- Green Belt Planning Permission
- Warehouse Refurbishment for Vitacress
- New HQ for The Royal Yachting Association
- New Build for Hyland Edgar Driver
- New Premises for Fastener Stock
- Property Acquisition for Compass Group
A Little Bit of Digging Can Pay Dividends
A recent acquisition left VT (now Babcock Group) with a rather tired 1950s office that was now surplus to requirements. With thee lease coming to an end the landlord presented a claim for £90k in dilapidations and loss of rent and rated whilst the work was to be carried out.
Experience has taught us that where landlords seem to be trying to maximise their return on older buildings, it pays to do a bit of digging. As well as drawing up our own costing of the schedule of repairs claimed, we also enquired as to whether the area was identified for regeneration and whether the landlord was actively marketing the property. The local authority confirmed that not only was the area designated for regeneration but also the particular building involved. Further research revealed that no repairs had commenced one month after vacation by our client, thereby removing any claim for loss of rent and rates. When asked about any re-letting, the landlord confirmed that another tenant had entered into a new lease with the same responsibility for dilapidations – removing any responsibility from our client. So, a potential bill of £90k became a very small one to cover the landlord’s fees in drawing up the original schedule.
