Tuesday, 15 February 2011
Danesfield House Hotel, Spa Illuminata, 63/63A South Audley Street, London, W1
The Light Shines Brightly, Illuminata - What a magnificent healthspa on the corner of South Audley Street and Alford Street. The Landlord quoted a rent of over £200,000 per annum on the December 2009 review and after extensive negotiation where we almost settled, our client decided to push the Arbitration button. We were pleasantly surprised when the Arbitrator determined £142,000 per annum against a reserved rent of £77,000 per annum in an area where rents in Mount Street and South Audley Street are said to have trebled over the last five years.
Professional | Kathryn Sowter