Location
Fitzrovia
Size
12,000 sq ft
Transaction Type
Tenant disposal.
How Did Rebase Add Value?
The incumbent agent was marketing the premises on a sole agency basis. Rebase found areas to add value in the marketing process and secured their position as joint agent. By proactively reaching out to local tenants and the agency community, Rebase agreed terms with an incoming party within 3.6 months of instruction.
Result/Outcome
Rebase secured favourable Heads of Terms, agreeing a 15 year lease with a break at the 10th year in a market where flexibility would be expected from Year 3. Rebase saved Which? over £10million.
We retained the Rebase team to find a tenant for our surplus office space. The process ended up being more technical and intricate than we initially expected, and the team proactively found a way through each challenge, demonstrating out of the box thinking and expertise.
We particularly valued their adept management of communication and coordination between the new tenant’s agent and lawyers, and the freeholder, ensuring a smooth and successful conclusion to the deal.
We would be happy to work with them again on future property endeavors and have no hesitation in recommending them to other companies looking for a highly effective commercial property service.
