Project summary
- To review an offer to purchase the land let to a Telecoms Operator and advise the client as to their options, market values and wider terms.
- Being let to a Telecoms Operator, the client received an annual income by way of a base rent but also additional income for the Tenant sharing the land with other users.
Solution
- Negotiate terms of sale including : 3.5 times increase in the original offer to a final sale price.
- Coverage of the clients' professional fees (agents and legal fees).
- An increased demise to future-proof the site for the purchaser.
- Shared repairing obligations over the access tracks.
Benefits
- Client reassured no 'nasties' in the detail.
- Client benefited from the team's extensive experience to maximise value.
- Heads of Terms agreed within 4 weeks.
- Legal completion timed in line with existing payment dates.
