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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

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To dispose of an onerous long leasehold interest in the open market - obsolete and dilapidated building.

Outcome

Surrendered the lease back to the freeholder at nil cost to the client.

Value add

Mitigated on going occupancy costs and minimised exit costs and onereous liablities embedded in the lease.