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W H AT W E C A N O F F E R . . . Capital release via Sale and Leaseback LRI LLP and Arkwright & Co. have recently advised business owners in selling their premises and advising on bespoke lease terms for them to remain in occupation thereafter. As the name suggests, this is simply a method whereby the owners of the garden centre business (assuming the property is owned) sells the freehold interest to an investor. The investor then allows the garden centre to remain in occupation operating their business while agreeing a lease and a rent. What are the benefits to the garden centres? • Cash injection to assist with cash-flow. • Remain in occupation for as long as you like. • Help draft the lease terms to ensure it suits your business needs. But won’t we lose control of our property? We are acutely aware that many garden centres are family owned businesses built up over decades and this is not a decision to take lightly. • Set the lease term you wish from 5 years to 25 years plus. • Statutory protection via the 1954 Landlord & Tenant Act, providing the automatic right to renew the lease at expiry. What are the benefits to investors? You may ask whether there is a market for this given the current circumstances to which the answer is a definitive yes. Now more than ever investors are looking for long-term, secure income in well run businesses. The target market here are those who will be supportive landlords and in it for the long-haul; they are not looking to make a ‘quick buck’. This proposal is designed to provide a complementary solution for both parties.
Service and company background LRI LLP (www.lri.uk.com) are offering a two-tiered service: 1) to advise on the value of freeholds, rents and lease terms and 2) to source an investor/buyer for the freehold interest. LRI and commercial partner John Arkwright & Co. (www.johnarkwright.co.uk) each have over 15 years’ experience in commercial property acquisitions, disposals and management and are well placed to advise on this process. We have a RICS valuation surveyor on the team and an extensive network of investor contacts to ensure we find the right buyers. If this is a proposal that might suit your business, then please get in touch with Henry Lloyd-Roberts or Bertie Arkwright for an initial assessment with no commitment. CONTACT
Henry Lloyd-Roberts T: +44 (0)20 3908 6986 M: +44 (0)7813 654 844 E: henry.lloyd-roberts@lri.uk.com W: www.lri.uk.com Bertie Arkwright BSc (Hons) MRICS Director T: +44 (0)20 7495 7090 M: +44 (0)7500 079 190 E: bertie.arkwright@jarkwright.co.uk
115 Mount Street, London, W1K 3NQ | Tel: 020 7495 7090 Fax: 020 7495 7091 | www.johnarkwright.co.uk
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