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: Innes England were instructed to secure a new tenant, manage the outgoing tenant’s dilapidations obligations and carry out required repairs to the property to facilitate a new letting. The project required close collaboration between our Agency & Development and Building Consultancy teams to meet tight timelines and maximise the property’s value.
The Solution
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: Commenced negotiations with the outgoing tenant to secure a favourable dilapidations settlement, protecting the client’s financial position.
- Marketing and letting strategy: Our Agency & Development team secured a tenant off market during the refurbishment phase to minimise any potential void period.
- Client-focused communication: Maintained regular communication with the client throughout, ensuring progress across works, dilapidations, and lease discussions was aligned with 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, significantly reducing the potential void period and maintaining 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 collaboratively across departments, we protected the client’s investment, strengthened the property’s marketability and achieved a positive outcome in a competitive timeframe.