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Ground Lease
This is usually a long lease, granted at a ground rent but subject
to an initial premium payment.
A ground lease can vary in length from 30 years up to 999
years.
The principle of a ground lease is that the rent paid relates
to the value of the land only.
The terms of the tenant's lease usually provide an obligation
to develop the land.
The building is then owned by the tenant, usually free of
any rent.
Ground Rent levels vary from a peppercorn, i.e. nil rent,
to a percentage of the open market rack rental value of the
building.
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Before you go office
hunting, make sure you have defined your space needs and service
priorities. Global Office Search can help you determine your
exact space requirements, locate the commercial properties that
best fit and help you negotiate favourable terms. |
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Global Office Search
Global Office Search
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| Global Office Search can provide
in-depth knowledge. |
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| Insight on the potential
for buying, selling or leasing offices and commercial
property and land in London and throughout the UK. |
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| We specialise in offices, with or without
warehouse, distribution or industrial space, and we represent
many owners, occupiers, developers and investors across the
country. |
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| As part of your office relocation
process, we offer an informal meeting to assess the realistic
options of selling or letting existing commercial property
or finding more suitable alternatives. |
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| We make our recommendations
but you decide what happens next. |
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