Latest NewsLong lease rent reviews have been satisfactorily concluded for landlords Chichester Distrcit Council on Plot 15, Quarry Lane - Oldham Seals, Plot 7 Terminus Road-Apollo and Units 1&2 Matform Centre, Terminus Road- all in Chichester.
Chichester District Council has appointed Medhursts to advise and represent them on 6 of their investment properties on the Terminus Road Industrial Estate and the Quarry Lane Industrial Estate. The Long ground leases on each property provide for the rent to be reviewed at 5 yearly intervals. Medhursts' professional experience and knowledge of the local market has been used to settle 3 of the negotiations relatively quickly with the final 3 expected to be agreed shortly. Acting for Keynor Farm Ltd we have agreed the letting of 1A at Keynor Farm, Sidlesham near Chichester. The unit has been taken by Fluid Adventures Ltd who provide canoeing and kayaking hire and guided trips along the south coast and nationwide. This latest letting means the 26,000 square foot former horticultural pack house is now fully occupied again.
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