Lok'n'Store, Reading
Berkeley Avenue, Reading
Lok'n'Store
We were instructed to act as rent review advisers for Lok'n'Store in their capacity as landlords of a scaffold yard. The passing rent was £37,500 per annum, and the client was looking for an uplift for the final 2 years of the term.
We served notice at £75,000 and negotaited over several months with the surveyor appointed by the tenants, securing an uplift to £52,000 per annum, an increase of almost 40% over 5 years.