Rent review successfully contested, Rugby

Toyvend at Rugby.

Toyvend Plc instructed us to advise them on a proposed rent increase on their circa 15,000 sq ft warehouse on a 1.15 acre site located on an established industrial estate on the northern side of Rugby. They were concerned that the % increase their Landlord had initially indicated was a little unrealistic based on their lease terms and the market conditions at the date of the review.

Following an initial appraisal we agreed and set out our detailed reasoning as to why. We were subsequently instructed to argue the case with the Landlord’s adviser and following many months of negotiation achieved a successful outcome for the Tenant.