Belfast & Middleton

Surrender of existing leases on two call centre properties and new leases agreed of 10 years term certain 

The leases on both units had 2 years left to run, combined capital value was below the outstanding bank loan and the properties were under threat of repossession.

JMC was brought in at the 11th hour, we negotiated initially with the bank to allow the time to restructure the leases and we proceeded to negotiate new a 10 year term on both units which substantially increased capital value. This was subsequently sold to turn a potentially significant loss to a circa £1.2m surplus once the bank loan was repaid.

ClientPrivate Client Year2016LocationSpringvaleServicesLease