Toast, the
Tenant at No. 11 South Molton Street, has instructed us to negotiate their rent
review, effective June 2012. Interestingly the premises are demised over ground
floor and basement, with no interconnection between the two, thus we will
be seeking a hefty discount off the market rent.
Rents in
South Molton Street have sky rocketed over the last 2 years, with the latest
transaction rumored to have been agreed at over £400 per sq.ft Zone A. With the
current rent passing at £287 per sq.ft Zone A it will be a challenge to
minimize the rental increase, however we are up to the challenge.
Professional | Kathryn Sowter | Kimi Gordon
