Your client is currently negotiating an FRI lease for a property developed in 2010. The unit comprises a total of 264 square metres (GIA) of high quality industrial/warehousing accommodation and is located within Hillington Park Estate which is situated between Glasgow International Airport and Glasgow City Centre with frontage to the M8 Motorway. The property comprises a single storey industrial development of steel portal framed construction. The unit has an eaves height of 6.7 metres. The client is offering a 21 year lease, with seven yearly rent review at 10000 pounds per annum for the first 7 years provided a premium is paid. She has asked for your opinion on the current market rent, suitable yields.

How much she should negotiate for the premium?

Answer rating: 100% (QA)

Determining the appropriate amount for the premium will depend on a variety of factors such as the d... View the full answer