THE BRIEF
Client and location: 1- 2 The Parade, Brockworth, Gloucester, GL3 4EW
Sector: Retail
Services provided: Building Consultancy – Building works and dilapidations advice, Agency & Development – Lettings
Challenge: The client instructed Innes England to secure a new tenant, manage the outgoing tenant’s dilapidations obligations and carry out the necessary repairs to facilitate a new letting. To achieve this, our Agency & Development and Building Consultancy teams worked closely together to meet tight timelines and maximise the property’s value.
The Solution
To address these requirements, Innes England’s Agency & Development and Building Consultancy teams worked together to deliver an integrated solution:
- Refurbishment project management: Delivered a tailored building works scheme to remedy property defects and improve its marketability.
- Dilapidations strategy and negotiation: At the same time, we commenced negotiations with the outgoing tenant to secure a favourable dilapidations settlement, protecting the client’s financial position.
- Marketing and letting strategy: Meanwhile, our Agency & Development team secured a tenant off market during the refurbishment phase to minimise any potential void period.
- Client-focused communication: Throughout the process, we maintained regular communication throughout, ensuring the works, dilapidations and lease discussions supported the client’s objectives.
The Results
- The refurbishment works were completed efficiently, enhancing the property’s appeal.
- Negotiations for the dilapidations claim are progressing positively.
- A new letting has been agreed, and the new tenant is now in occupation. Consequently, this has significantly reduced the potential void period and maintained the client’s income stream.
conclusion
This project highlights Innes England’s ability to deliver a multi-disciplinary service by combining technical building advice with agency expertise. By working across departments, we protected the client’s investment and strengthened the property’s marketability. Ultimately, this collaborative approach delivered a positive outcome within a competitive timeframe.