Warehouse unit, Bosham


Lease surrender, refurbishment and reletting

Summary

  • Modern 5,700 sq ft warehouse unit
  • Previously leased to unprofitable business
  • Surrender of previous lease negotiated
  • Refurbished to provide better quality accommodation
  • Unit relet on new FRI lease at market rent
  • Achieved longer term letting for landlord, on improved lease terms and with a significant uplift in annual rent
  • Enabled established Sussex business to re-locate & consolidate, with the opportunity for longer term expansion

Regular dialogue with the previous tenant highlighted that the business operating from the unit had become unprofitable and the accommodation was no longer required.

A surrender of the tenant’s lease was agreed and taking the unit back gave Landlink the opportunity to refurbish & modernise the unit to provide modern, good quality accommodation.

A short period of marketing resulted in reletting on full repairing & insuring terms at a market rent. This provided a more secure, longer term income for the landlord with an 80% increase in the annual rent.

The letting enabled an established Sussex based business to re-locate & consolidate from 2 existing sites, giving it the much needed opportunity for longer term expansion of its business activities in the UK.

Warehouse unit, Bosham
Warehouse unit, Bosham

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Landlink Estates is actively seeking opportunities to work with other landowners, and we are keen to acquire new sites and assets. If you are looking for a recognised and trusted partner with a wealth of expertise and a forward thinking, collaborative approach, please do get in touch - we’d love to start the conversation.