Case Study: Magnet Ltd

Magnet Ltd store
Published on: 10th September 2014

The property comprises one of the client’s portfolio of leasehold stores which was identified as a possible re-gear, having less than three years left to run to the end of the current lease, subject to receiving an equal share of the enhancement to the landlord’s capital value.

Following negotiations terms were agreed and a reversionary lease subsequently completed for a term of 10 years commencing on the day after expiry of the current lease on 12th December 2013. Under a Deed of Variation completed simultaneously the client received an immediate saving of £137,500 via half rent under the current lease.

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