dohertybaines have successfully sublet Unit 4 Sunters End Sands Industrial Estate, High Wycombe to local occupier Origin Frames for the remainder of their clients lease, expiring in 2014. This is despite competition from other available premises nearby who were offering large incentives.
The 12,117 sq ft unit previously had an occupier but they had gone into administration and as a result, our clients had to seek a subtenant to reduce their liabilities.
Unfortunately the situation described above is becoming more and more common. However, occupiers in this scenario should still seek to look at all options - one of which may be to sublet/assign their interests to reduce their outgoings (and may now include business rates) and not just pay the rent without thought.
If you require any further information on the above, please contact Paul Londra at dohertybaines.
The 12,117 sq ft unit previously had an occupier but they had gone into administration and as a result, our clients had to seek a subtenant to reduce their liabilities.
Unfortunately the situation described above is becoming more and more common. However, occupiers in this scenario should still seek to look at all options - one of which may be to sublet/assign their interests to reduce their outgoings (and may now include business rates) and not just pay the rent without thought.
If you require any further information on the above, please contact Paul Londra at dohertybaines.
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