We were appointed by Holistic Estate Planning Solutions Ltd in June 2016 with an urgent brief. The company’s landlord, Royal London Mutual Insurance Society, wanted to take back the space Holisitic were occupying for its own exclusive occupation. Holistic’s lease was therefore being terminated. The pressure was on to find them a new home somewhere close to Wilmslow.
Holistic is a will-writing and estate planning advisory business that was founded in 2001 by its’ Managing Director, Paul Dodsworth. Paul was keen to find a location that was accessible by car, bike and public transport. He was also keen to move into a modern, well specified building that would offer expansion options in the future.
The solution we secured for Holistic ticks all the required boxes. The Southgate office campus at Heald Green is on a bus route and provides generous on-site car parking for both staff and visitors. The development is extremely well managed and secure. It also features an excellent specification which includes raised access floors and high quality finishes throughout.
As for the deal, here are the highlights:
- a new 5 year lease with full security of tenure
- a tenant only break option at the end of the third year without financial penalty
- a pre-emption clause giving Holistic a right of first refusal over the rest of the first floor
- a significant financial incentive converted into a fit-out undertaken by the landlord’s contractor
- a stepped rent that matches Holistic’s business plan
What could have been a major challenge has turned into a great opportunity. We wish Holistic every success in their new home which incidentally, is north of Wilmslow unlike their previous base which was just to the south.