- Rent review settled as shortage of industrial space in Surrey and Hampshire continues to drive rental growth
Property consultancy Curchod & Co has secured a rent review settlement resulting in a 59.4% increase in rent for a warehouse unit in Farnham, Surrey, occupied by Kwik Fit.
Acting on behalf of landlord LondonMetric Property plc, Curchod & Co successfully concluded the rent review at Unit 8, Farnham Trading Estate, Water Lane, Farnham, delivering a substantial uplift in rental income.
The occupier was represented by Kwik Fit’s in-house estates team.
Extending to approximately 9,110 sq ft, the property comprises a traditional high-bay industrial and warehouse unit with a maximum eaves height of 6.07 metres, parking for 23 vehicles and a yard to the rear and side. The property occupies a prominent position opposite Sainsbury’s and benefits from excellent visibility from the supermarket car park.
Nick Reeve, Partner at Curchod & Co, said: “This result demonstrates the strength of demand for well-located industrial accommodation across the region. By combining detailed market evidence with a thorough understanding of the property and its location, we were able to secure a significant uplift for our client. Despite wider economic uncertainty, the underlying fundamentals of the industrial market remain strong. A shortage of available industrial and warehouse space across Surrey and Hampshire continues to place upward pressure on rents, particularly for quality units in established trade and industrial locations.”
Curchod & Co acts for landlords, investors and occupiers throughout Surrey and Hampshire, providing specialist advice on rent reviews, lease renewals, valuations, acquisitions and disposals.
Landlords seeking to maximise the performance and value of their property assets are encouraged to contact Curchod & Co’s lease advisory team. Combining forensic analysis of market evidence with an in-depth understanding of local occupational markets, the firm’s surveyors regularly help clients unlock significant additional rental income and enhance asset values through strategic rent review and lease renewal negotiations.
For further information about rent reviews, lease renewals or industrial property advice, please contact Nick Reeve MRICS at Curchod & Co.
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