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Lease Advisory

Fleurets is recognised as a lease advisory expert in the leisure property market. Operating on a nationwide basis, involving rental values of thousands through to millions of pounds per annum, representing both landlord and tenant client’s that include institutional, corporate and independent parties across the landlord and tenant, lease renewal, rent review and lease restructuring fields.

Our expertise covers the leisure property spectrum and extends from central London luxury hotels and major branded budget hotels through to regionally located independent coaching inns, traditional public houses, bars, restaurants, experiential leisure and includes exposure across the leisure property sub sectors. Our team frequently act as Expert Witnesses in third party expert and arbitration disputes and several members of our senior advisory team are on the RICS President’s Panel of Independent Experts and Arbitrators in dispute resolution.

Our work

Lease Advisory
Blue Lion, Clerkenwell

With the lease expiring and the freeholder owners needing a flexible letting option allowing them to potentially take control of the property after a year. We provided rental and lease structure advice followed by successfully marketing the property and finding a tenant via a competitive bidding process. The property was let on a five year tenancy with a one year rolling break clause.

Lease Advisory
Raven, Tower Bridge

Fleurets provided letting advice on the Raven which had been closed during the pandemic with the keys returned to the landlord and the bar stripped out. Whilst not marketing the property we agreed an off market deal with a rental uplift to multi-site operators, Pulse Developments. The property is now well invested with iconic fittings including the original Horseshoe Gold Bar servery from the Hospital Club, Soho and the psychedelic Missoni Carpet.

Lease Advisory
Sixes, The Mailbox

Acting on behalf of the landlord, Fleurets has negotiated a new lease to Sixes, an experiential cricket concept. This was the group's fourth site, opening in a prime site, overlooking the canal in The Mailbox. The world's first social entertainment cricket venue, this is a new experiential leisure venue in Birmingham, with the group planning further expansion. Fleurets advised the owner of The Mailbox on the new lease, resulting in a new arrival to the city.

Lease Advisory
Brewhouse, Cambridge

Fleurets were instructed to act on behalf of Jesus College in connection with a rent review of pub premises in central Cambridge.

Lease Advisory
Pizza Express, Hitchin

Fleurets were instructed by the landlord to negotiate a renewal of the lease for this restaurant, which is located in a prime position in Hitchin town centre. We were able to achieve a rent in line with pre-pandemic values and also agreed the surrender of valuable residential accommodation back to our client.

Lease Advisory

Bounce, the home of ping pong providing a mix of games, food and cocktails. Fleurets acted on behalf of the tenant, Bounce Leisure Ltd, in respect of the rent review.

Lease Advisory
Fantazya and Ashtar, London

Fleurets act on behalf of the tenant of Fantazya and Ashtar, late night bar-restaurants located in the arch units on Albert Embankment in Vauxhall, advising on the periodic rent reviews.

Lease Advisory
Stable Bar & Restaurant, Bath

Acting on the instructions of Fuller Smith & Turner in respect of the Stable Bar & Restaurants in Bath city centre, sucessfully negotiating the rent review and a securing a reversionary lease extension.

Lease Advisory
Slug & Lettuce, Winchester

Rent review on high street bar acting on behalf fo the tenant, Stonegate. Agreed nominal increase and large reduction on intitial proposal.

Lease Advisory
Horse & Groom, Harehatch

Acted on behalf of The Restaurant Group, the parent company of the tenant Brunning & Price, in relation to the rent review. A settlement was reached directly with the landlords, Brakspear.

Lease Advisory
Cutty Sark, Greenwich

Fleurets acted on behalf of the landlord, Morden College, in relation to the rent review of the Cutty Shark in Greenwich. The pub is let to Young & Co.

Lease Advisory
Circle Spa, Shad Thames London

Acted on behalf of the tenant to secure a new lease of spa & healthclub premises.

Lease Advisory
Shoreditch Bar Group

We were instructed to act on behalf of Shoreditch Bar Group/Novus Leisure in order to reach rent concession agreements for periods of closure.  The ongoing instruction involved negotiating with landlords across an estate of c35 late night bars and night clubs.  The resolutions reached with landlords have assisted the group to survive the pandemic resulting in no permanent closures.

Lease Advisory
The Forge, Bank

Rent review on behalf of Stonegate Pubco. A large 11,000 sq ft bar and nightclub. Fleurets achieved a substantial annual saving in comparison to the landlord’s initial proposal.

Lease Advisory
Soho, London

Fleurets is regularly appointed to act on behalf of operators in Soho and have settled rent review negotiations on numerous properties including Village, Obar and Freedom on Wardour Street, Bar Soho on Old Compton Street, Basement State on Broadwick Street and Blue Posts and Ember Yard on Berwick Street.  We have a vast depth of transactional knowledge in this key leisure location and this is put to the use of our clients in rent review negotiations.

Lease Advisory
Premier Inn, Wimbledon

Acting on behalf of the landlord, Aviva Investors, we provided rental advice and negotiation assistance to in respect of the open market rent review relating to this 138 bedroom branded budget hotel.

Lease Advisory
Blackwell Grange, Darlington

Fleurets advised the local authority as the owner of Blackwell Grange Hotel in Darlington, in respect of the rent review and possible lease restructuring on this Grade II listed 108 bedroom hotel.

Lease Advisory
Millennium Hotel, Knightsbridge

Representing the Landlord, Cadogan Estate, in relation to the rent review of the 222 bedroom Millenium Hotel, located in the heart of the exclusive Knightsbridge district of central London.

20 years average
RICS experience
Rent review specialists with
an avg 23 years’ experience
Strategic consultancy & advice

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