Fenpark Estate, Fenton has been in the ownership of a local family owned company, Montrose Estates, for many years and comprises a range of industrial and warehouse buildings, situated within close proximity to the A50 Stoke-Derby trunk road.
Robertsons have acted for Montrose Estates in providing various services, including professional involvement for rent reviews, lease renewals and dealing with tenant’s dilapidations. In addition commercial agency services are provided to let premises on the open market.
Inevitably there is a churn of tenants as they expand or rationalise their businesses. When premises on the Estate become vacant, a marketing strategy is formulated with the Client to include preparation of letting particulars, mailing to parties on Robertson’s extensive property register, posting the opportunity on the website and advertising in the local press.
Through our offices, enquiries are received and addressed, dealing with questions and organising appointments to view for interested parties. Where parties express interest in taking premises, details are taken of the proposed tenant, whether an individual or company, requesting accounts, references, or if necessary guarantors.
This information together with the proposed use of the premises, the proposed lease terms and rent are submitted to the Landlord for their consideration. Negotiations continue until acceptable lease terms have been agreed between the parties.
Then Heads of Terms setting out the brief details of the transaction are prepared, signed off by the prospective tenant, then forwarded to the Landlord Client’s solicitors to prepare the formal lease documentation. The transaction is monitored through to completion and the tenant’s occupation.
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