Safestore Holdings, the UK's largest self-storage company
Review the company’s portfolio of UK leasehold properties, assess and report on its service charge liabilities
Focus on the Fratton Park Portsmouth facility
Following a review of the lease, the service charge accounts and an inspection of the property we determined
that the client’s service charge liability was restricted only to costs associated with the estate roadway entering the estate.
We also discovered that the landlord, who managed the site directly, was charging a proportion of all services relating to the entire estate and was therefore in breach of the lease. This was challenged – very robustly, with guidance from the client’s legal counsel.
As a result, our client received a refund of £60K but, more significantly, they will save £170K during the remainder of the lease term.
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