August 2023

Lease renewal undertaken on behalf of tenant Northgate Vehicle Hire. The property comprised an industrial property of 10,000 sqft with a surfaced yard of c0.6 acres.  The Landlord served a section 25 notice. Lexicon CRE undertook a full site inspection and review of the market. Subsequent negotiations agreed detailed heads of terms for a new lease and a rent reduction on that originally quoted by the Landlord of c £20,000 pa.