Building Surveying Case Study - Automotive Parts Manufacturer

Challenge

Vail Williams was appointed by a manufacturers of injection moulded electric car parts, to help find new industrial premises at short notice.

• Our client needed to vacate their existing unit quickly, as it was going to for redevelopment.
• They required very large warehouse space for manufacturing (24/7) and there were limited options within the local Thames Valley market.

How we helped

• Our industrial agency team undertook a comprehensive search of the local industrial market, providing the client with several potential solutions that met with their brief, including the premises at Sutton Business Park, Reading.
• Our building consultancy team undertook building surveys and provided pre-acquisition advice in relation to two shortlisted properties.
• Having carried out a survey, a Schedule of Condition was prepared for the chosen property, significantly limiting their future repairing liability.
• Drawing on their knowledge of the Thames Valley property market, our industrial agency team negotiated a further £1m in savings on the lease terms being offered by the landlord.
• A further £0.5m in savings was secured, having negotiated down the rent for a short term lease extension
• We also negotiated a lease extension on their existing premises, enabling our client to relocate to their new premises in a planned, and timely way.