Plot 21 Terminus Road, Chichester
Agreeing a surrender of an onerous development lease on a 30,000 sq ft B2 industrial building
Client: The Goodwood Estate
Instruction: Agency, Consultancy
To dispose of an onerous long leasehold interest in the open market - obsolete and dilapidated building.
Surrendered the lease back to the freeholder at nil cost to the client.
Mitigated on going occupancy costs and minimised exit costs and onereous liablities embedded in the lease.