Shoreditch N1

CORPORATE LEASE COMPLETED - 12 x 2 bedroom apartments let on a new 5 year lease with upward only rent increase per annum.

  • Over the last 8 months The Development Group has successfully assisted the Landlord and achieved 12 x new corporate leases within a prime block of apartments in Shoreditch.

  • The Landlord previously had the units let under ASTs achieving mediocre annual rents. The Development Group implemented an asset management strategy and managed to achieve rents in excess of 12.5% above the current market rent for the next 5 years with 5% rent increases each year.

  • The Tenant is a corporate tenant that provides an end-to-end solution to their tenants in the form of a “turn up and live strategy”. The tenant fully furnished the apartments at their own expense and sub-leases to corporate or business tenants such as Facebook, Google and Tesla for a minimum term of 1 month.

  • All internal repair is taken care of by the tenant providing the Landlord with a hands off, low management contract throughout the term.

  • The lease provides mutual annual break clauses allowing the Landlord a route to sell if required. 

  • If you are a Landlord and are interested to find out how The Development Group can assist you with your property, please contact a member of the team now who will be able to provide you with the most up to date advice and how we can assist you in maximising your income.