MKS / NOV 2016 /
17
WIMBLEDON GATE: RENT REVIEW SETTLED WITH 52% UPLIFT
PORTFOLIO REVIEW
Development by McKay in 2005 and let in
2006 on 15 year lease with 5 year reviews
February 2016 review settled:
– £0.80m pa (51.9%) increase over passing
– £0.52 m pa (13.7%) over ERV
– £28psf to £43psf
Scale of uplift reflects:
– quality of building
– ripple effect of higher rental values to Wimbledon from
central London
