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Radius Specialist Case Studies

ROSS AUCTION CENTRE, ROSS-ON-WYE

ROSS AUCTION CENTRE, ROSS-ON-WYE

  • Former Cattle Market relet immediately at lease expiry
  • Landlord still produced a claim of £349k
  • Landlord’s Section 18 - £160k
  • Claim relates in part to offices that have been excluded from the new lease
  • However, these are incapable of being let (no separate access) and outmoded
  • Therefore, even if in repair, there is no local market for the space
  • Terms of new lease typical of open market and had not been impacted by any items of ‘disrepair’
  • As a result, Tenant’s Section 18 - £Nil
  • Settlement - £Nil
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Paul J Raeburn
BSc (Hons) MRICS DipArb FCIArb

RICS Accredited Mediator

 

Neil Burridge
BSc (Hons) MRICS ACIArb

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