In July 2024, Penn Commercial was contacted by Cheshire-based client, D&V Lee Property Consultants, who had discovered the Company from a website search of the best-performing local agents.
D&V was in the process of purchasing six off-market retail units in Ipswich town centre – three in Dial Lane and three in Tavern Street – and required the market expertise and intelligence of a well-informed local agent to outline the best outcomes for the properties in the future, for the optimum returns.
Penn was pleased to provide the following professional advice and assistance to rejuvenate the Class E retail estate, including:
• Visual and drone surveys of all six properties to assess the condition and dilapidation works required
• Organisation of remedial works – including gutter clearance, refurbishment of communal areas, upgrading the fire exit
• Assessment of future rental values using comparable market data
• Facilitating meetings with Tenants and the Landlord to establish repair responsibilities and liabilities
• Rent reviews and renegotiation of existing leases
• Managing the exit process of one Tenant – sourcing a new Tenant and reletting the property within a short space of time
• Assessment and recalculation of Service Charges – along with subsequent revisions, and associated communications with Tenants
Get in touch with the Penn Commercial Property Management team today and find out how we can complement and enhance the returns on your property.
Call Paul Keen or Elliot Miller on 01473 211933 / Email us at This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.