In-depth valuation report.
Potential rental uplift opportunity.
Expert lease advisory recommendations & negotiations.
Private landlord, Hook Heath, Woking
7,575
sq ft
car showroom with ancillary workshop, Woking, Surrey.
60
%
rental uplift secured.
Challenge
Vail Williams was appointed by the landlord of a commercial premises in an affluent area of Woking, Surrey, to undertake a market valuation ahead of rent review.
Our valuation and lease advisory teams were engaged on the project, which saw us carry out an in-depth valuation based on the 7,575 sq ft car showroom leased by SMC Garage, with ancillary workshops.
How we helped
- Undertook survey and produced comprehensive valuation report.
- Identified potential significant increase in rental value at rent review.
- Engaged lease advisory team to support with implementation of rental uplift at rent review.
- Provided in-depth rent review report with recommendations and implementation strategy.
- Negotiated new rental terms with the tenant, maintaining a good landlord and tenant relationship to avoid third party procedure.
Vail Williams kept me regularly updated on the progress of our rent review and was more then happy to answer any questions. Frank was always very approachable and friendly. I was not looking forward to the process but could not believe how quickly it was negotiated on our behalf – the whole process was painless. I would definitely recommend Vail Williams and shall be using their services again.
Private landlord.
Result
- Expert market knowledge and valuation expertise revealed an opportunity for our client to implement a rental uplift.
- Technical lease advisory expertise and negotiation skills secured a 60% rental uplift over the remaining five years of the lease.
Get in touch
If you think you may need similar support to that described here, or you would simply want to have an informal chat with a member of our team to discuss your property needs, get in touch.
WokingCrawley
