London Restaurant Sale
We recently dealt with the sale of assets at an Italian restaurant in an expensive area of London and were faced with two potential in-situ purchasers for the contents, one of which offered significantly more than the other, but unfortunately they were not the landlord’s preferred tenant.
We skilfully negotiated a significantly increased offer from the under bidder, and advised our client that we must ensure the assets are paid for before giving up possession of them (i.e. before our client surrenders the lease).
We invoiced the purchaser and they paid up on the condition that if they did not agree a new lease, we would immediately refund them (on this basis, we held the purchase funds in our client account pending them moving into the premises).
Client Testimonial “Many thanks for all of your help on this case.”