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  6. Dilapidations: 239 – 241 Shaftesbury Avenue, London WC2

239-241 Shaftesbury Avenue, London WC2

The case involved a Victorian office building of approximately 2,500 sq ft.

The tenant, Rhinegold Publishing Ltd, received a dilapidations schedule from the landlord with a dilapidations claim of £180,000.

Rhinegold originally instructed a building surveyor from another firm to negotiate the dilapidations.  The building surveyor negotiated the claim down to £90,000 and recommended settlement at this level.  At this point Allsop was approached to provide a second opinion.

Allsop could immediately foresee a supersession argument here – where the future use of the building almost certainly ……… as residential, not the present office use.

We were instructed by Rhinegold and insisted on a section 18 valuation.

Over several months we negotiated the dilapidations claim down to £22,000.  We saved the client a further £68,000 or 75% on the settlement recommended by the building surveyor highlighting that the skill of the dilapidations negotiator is critical to success.

Property Occupier Services

We cover central London and Fringe offices, we also cover the south east market in both offices and industrial and consider rent rolls from about £75,000 p.a. upwards.

We can provide a free appraisal of your rate bill, and advise on the most efficient and least risky course of action.

If your lease is coming to an end? Do you have a break option or want to re-negotiate your lease?

We can help negotiate any “exit costs” to the tenant of putting a property back into repair and potentially reinstating tenant’s alterations at the termination of a tenancy / lease.