Black Cat were asked to assist in preparing a Schedule of Dilapidations on behalf of the Landlord at Parc Menai in Bangor.
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Core Service
Dilapidations -
Sector
Office -
Client Type
Landlords / Investors -
Location
Bangor
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Size
25,000 ft²
The property consists of an office building set over two floors measuring approximately 20,000sqft. This also includes an external warehouse and industrial unit measuring over 5,000sqft, plus ancillary car parking and landscaped areas.
Black Cat prepared a specialist report based on numerous inspections and a final review assessing the condition of the property. This resulted in a negotiated settlement of £300,000 achieved for the landlord which equated to over 70% of the initial claimed figure.
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