Hounsdown Business Park2020-07-20T17:26:39+01:00

Project Description

Hounsdown Business Park

Dilapidations Consultancy

BUILDING ADDRESS

Plot 8, Hounsdown Business Park, Totton, Southampton

VALUE

£1.5m dilapidations claim.

SITE DESCRIPTION

130,000 sq. ft. industrial unit with ancillary offices and substantial external areas used as a recycling facility.

DURATION

Instruction spanned over 3 years.

CLIENT

DS Smith

EXPERTISE

Acted for the landlord. Prepared initial dilapidations assessments over 12 months prior to expiry to formulate exit strategy. Assisted in any Tenant exit works including detailed validation of services installations. Despite very poor condition and substantial reinstatement, negotiated a settlement of £550,000, representing 30% of original claim.