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Shop Lease Renewal agreed on behalf of Landlord client in Luton Town Centre

30 Aug 2022

SMC Brownill Vickers have successfully negotiated a lease renewal for 27 George Street in Luton on behalf of a landlord client.

Francois Neyerlin at SMC Brownill Vickers was instructed by a private landlord client to agree a lease renewal to Countrywide Estate Agents. The estate agents had occupied the whole building which comprised basement, ground, 1st and 2nd floors.

Lease Renewal Agreed on behalf of Landlord client in Luton Town Centre

The lease renewal concluded now includes just the basement and ground floor with a slight fall in rental income. This now leaves the upper floors available to be converted for residential use which our client is now exploring in order to enhance investment value.

Are you a landlord or tenant with an upcoming shop lease renewal? SMC Brownill Vickers can provide professional advice to protect your interests. Get in touch on 0114 281 2813 to discuss your commercial property requirements.

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