Complex instruction, including unique building specification and sub-lease
Both properties were originally constructed in 2002 and let to the BBC for a term of 25 years. However, valuing the buildings was not straightfoward as the Leeds property included a sub-lease to Yorkshire-based Indian restaurant chain, Aagrah.
Detailed negotiations resulted in competitive rents being secured
Utilising our in depth knowledge of the Yorkshire office and restaurant market, we provided advice on detailed aspects of the rental valuations at rent review, including the value of associated car parking in peripheral city centre locations such as these.
Successful negotiation of competitive
Following detailed negotiations, we promptly secured competitive rents for both properties, which reflected their unique location and specification.