Case Study Flashcards
(13 cards)
What is the method of construction?
Portland Stone cladding fixed to a steel frame.
Mansard roof - four sloping sides.
Property was re-built in 1996, retaining the Portland Stone Facade.
300,000 sq ft building. 6 floors of offices. Not listed. Freehold - a charity. Long leasehold - Mactaggart Family and Partners.
How did you know the form of construction?
Requested an architectural report from when the building was re-built in 1996 - visually it was evident too as the pattern was regular. Measure width of wall - More than 260mm thick = cavity. Less than 260mm thick = solid.
Any limitations Westminster impose on marketing boards?
For boards: Must not be illuminated. Only one board per property. Writing must be black or white.
Vinyls must be behind the facade and planning is required if it is stuck onto the facade.
What are the three key tests for the Misrepresentation Act 1967?
Foreseeability, proximity, fairness
What are the three types of misrepresentation?
Innocent, fraudulent, negligent
What was the deposit return mechanism which you agreed?
4.5 months rent returned after Year 5 and 6 months rent returned after satisfaction of the net profits test.
Held 1.5 months deposit for the duration
What user clause did you agree?
Sale of high quality, luggage and associated accessories. Any other use was subject to landlord consent.
Was the break option tenant only?
No it was mutual on 6 months notice.
What was the net effective rent which you agreed?
216 Zone A
What was the business rates?
226k
What were TM Lewin previously paying?
238k
What were the net effective rents agreed on your comparables?
103 (Moss) = 200
83 (Loake) = 164
79 - Boggi Milano = 120
106 - Thomas Pink = 193
When is the EPC valid until?
2028
It’s a low D - report suggests using solar water heating and installing LED lights
