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Creation of a luxury dog boutique hotel and dog training centre with hydrotherapy pool

Project summary

  • To relet an 11 acre small holding in need of modernisation and improvement as soon as possible to reduce security risks and vacant property charges.
  • Identify a long-term sustainable opportunity.
  • Maximise rental value.

Solution

  • To prepare letting details, advertise, host a viewing day, invite tenders, review applications, interview shortlisted applicants and appoint a new tenant.
  • Tenant appointed with a proposal to create a luxury dog hotel and training centre with a hydrotherapy pool.
  • Negotiation and agreement of Heads of Terms for the lease and instruct Estate solicitor.
  • Agree specification for improvement scheme to the farmhouse.
  • Management of the entire process.

Benefits

  • Reletting the holding on a long-term (20 year) lease.
  • Planning consent for a change of use obtained which has increased the commercial offering on the estate.
  • 250% increase in annual rent.
  • Tenant has invested in excess of £750,000 in improvements and alterations to the holding.
  • Client timescales and objectives achieved.
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