Negotiating the new lease on renewal of a large retail store.
Appraisal of site, legal documents and collation of evidence to assess the rental value of a 66,000 sqft gross retail store located in a Cathedral City Centre.
Advising client on strategy and rental value, negotiations with the other sides surveyors, liaising with client’s lawyers, court process and PACT appointment, agreement of a new 10 year lease.
Boots 66,719 sqft store
Foregate Street, Chester
Lease Renewal – 15 December 2017
10 year term, initial rent £775,000 pa, interim rent £620,000 pa.