News

17 June 2019

Significant rent review savings for London recording studio

The Gin Factory Studios in St John Street, Clerkenwell has recorded some of the UK’s leading contemporary music artists including Stormzy, Craig David, Paloma Faith, Dizzee Rascal, Tinie Tempah, Kylie Minogue, Professor Green. However, on this occasion it was SHW’s Professional Division hitting the right notes with respect to representing the tenant in a rent review effective from October 2017 and only recently concluded by a Third-Party surveyor.



In this respect an Expert Rent Determination was very nearly exactly the same (within 4%) as SHW’s valuation of a fair annual market sum saving the tenant a considerable sum annually for the next five years.

 

Client Kate Young of Soho Music Group said: “This is amazing! A much better outcome than expected! Thank you so much for all your help and advice through this arduous process.”

 

SHW Partner Nigel Amos said: “it was immensely gratifying to help the performing arts community in a part of London where rent reviews can strike fear into occupiers, and equally satisfying to be in accord with the RICS-appointed official adjudicator for the case.”

 

Contact:
Nigel Amos

namos@shw.co.uk

020 7389 1525


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