The client purchased a high street retail unit in cash as an investment property. They had been approached by two tenants, the first of which was a national brand, whereas the 2nd was a local business looking for an additional outlet. The national brand offered significantly less rent, a shorter lease term and generally more stringent terms than the local business. Luckily the client approached us before agreeing a lease and we were able to advise that the commercial mortgage terms would be more favourable with the national-brand tenant. We assisted the client in weighing up each scenario and they proceeded with a commercial mortgage with the national-brand tenant in place. It is important to note that this would not always be the correct decision, but we can advise on a case by case basis.
