126-134 Shaftsbury Avenue, London, W1
Service
Acquisition and Due Diligence
Dilapidations
Sector
Office
Size/Value
55,000 sq.ft
Summary
We provided pre-acquisition advice to the fund of this West End office building, which contains an operational fire station. We assisted JLL, the managing agent, in procuring and implementing service charge for common parts and external repair. Subsequently, we negotiated the considerable terminal dilapidations claim, and assisted the fund who significantly refurbished this landmark building.
Result
The fund enjoyed a good income stream and, the eventual refurbishment and reconfiguration of the building achieved full letting, within a relatively short void period.
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