Cradick Retail was instructed by the landlord of the Waitrose in Cheam, Surrey, in respect of the 2015 rent review.
The property comprised an 8,000 sq ft purpose built food store, where the rent was ultimately determined by an Independent Expert at £100,000 per annum, an increase of £25,000 per annum.
Fleet - Superdrug
Cradick Retail has recently concluded a lease renewal acting on behalf of Superdrug Stores Plc in the Hart Shopping Centre, Fleet. The landlord adopted an aggressive approach to the negotiations with unrealistic expectations on rent.
The matter proceeded to Court where Cradick Retail provided written and oral evidence which included cross-examination.
The Judge determined a substantial drop in rent with 95% of costs awarded against the landlord
Uxbridge - Ask
Cradick Retail has recently completed a rent review on behalf of the landlord on the Ask restaurant in Uxbridge, Middlesex.
Following negotiations with Gerald Eve, a revised rent of £85,000 per annum was agreed, reflecting an increase of £10,000 per annum.