Track record

Disposal of former Land Rover property, Riverside Park, Northampton

Sytner Group

Timely disposal following Land Rover’s relocation, minimising the void period

Land Rover property, Northampton

Lease Advisory

Service

Automotive & Roadside

Industry

Daniel Cook

The project

Rapleys was instructed to dispose of the property in light of an imminent relocation to purpose built facilities on the edge of Northampton. The key driver was to ensure that a disposal would happen as soon as possible following this relocation to minimise any void period.

We ensured that the property was put to the market in a timely manner to give as much time as possible to identify a prospective tenant on what we considered was a prime automotive opportunity. Following extensive interest we were able to agree terms for an assignment of the lease with no premium to Tesla.

Our solution

  • Ensured that the property was marketed early and exposed to the national automotive market
  • Identified a prospective tenant at the earliest opportunity
  • Negotiated terms on a straight assignment with no premium payable
  • Ensured that terms were agreed quickly and liaised with the landlord on lease variations required
  • Monitored the project through to completion.

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