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Bank & Bridge

Case studies

Results, with the numbers attached.

A selection of recent instructions. Each one started with a property that had stalled.

  1. Novus: a two-storey industrial and office building in dark corrugated cladding with yellow door surrounds, seen across its car park at dusk.
    +8.5%
    headline rent above marketed figure
    25%
    below market average rent-free period
    16 wks
    from instruction to completion

    Novus

    Cambridge CB25

    Industrial and office, 21,500 sq ft

    The situation

    The property had sat vacant for more than two years before Bank & Bridge were instructed.

    The outcome

    Let to a strong tenant on a lease of more than ten years with agreed terms within 9 weeks and completion in 16 weeks.

  2. 210 South Street: a four-storey buff brick office block with red brick window surrounds and painted murals in the ground-floor arches.
    12 wks
    instruction to sale completion
    2 of 2
    vacancies filled

    210 South Street

    Romford RM1

    Multi-let office, 21,000 sq ft

    The situation

    A multi-let office block with two vacant suites, instructed for sale.

    The outcome

    One vacancy let before completion and leads developed for the second. The sale completed within twelve weeks, and we supported the new owner through the transition and filled the final vacancy within weeks of completion.

  3. 756 Finchley Road: a restaurant unit with black fascia and full-height glazed doors, tables set out on the pavement terrace.
    +6%
    rent above market expectation
    50%
    below market average rent-free period
    12 wks
    to new letting

    756 Finchley Road

    London NW11

    Restaurant, Single unit

    The situation

    The existing tenant had entered administration.

    The outcome

    An experienced restaurateur tenant was found and a lease completed within twelve weeks, on terms above market expectation.

  4. Axe & Bottle Court: a converted Victorian brick warehouse around a cobbled courtyard, with planters and bikes outside.
    40%
    vacancy avoided
    100%
    of vacant space let

    Axe & Bottle Court

    London SE1

    Multi-tenant office, 30,000 sq ft

    The situation

    A 14% vacancy rate that was about to rise to 40% as leases expired.

    The outcome

    A high quality tenant was secured for all of the vacant space and expiring space, and a sub-tenant identified for the small proportion that the new tenant wanted to retain for future expansion.

Have a property that has stalled?

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