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.
