Hounsdown Business Park
Plot 8, Hounsdown Business Park, Totton, Southampton
£1.5m dilapidations claim.
130,000 sq. ft. industrial unit with ancillary offices and substantial external areas used as a recycling facility.
Instruction spanned over 3 years.
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.