We were contacted by Worcester Acute Hospitals NHS Trust to provide advice regarding an outstanding rent review on Three Kings Court, their 31,800sqft Head Office facility.
We understood the Landlord was seeking a significant rent increase.
We initially undertook an inspection of the property and made investigation into the local and regional market to enable us to assess the Market Rent and reported to the Trust with our initial advice, which was not to accept the Landlords proposal.
Having provided the initial advice, we contacted the Landlord’s National Agent to negotiate the review.
Given our knowledge of the market as the most active Agents in the area and our relationships with our peers within the industry we were able to justify and agree a significant reduction in the agreed rent.
