I own a commercial property in a large Yorkshire town centre which is let to Mark One (clothing chain) at 48,500 PA. This rent was established 14 years ago and Mark One is renegotiating the lease. Recently, Mark One entered into administration and the old founder purchased only the 120 most profitable stores out of the whole portfolio. Mark One have stated that they will only pay 45,000 PA and they require a 6 month rent free period. This seems far too harsh and I am trying to aim for 50,000 GBP per annum as they insist on the 6 month rent free period. Any advice please I still have a large mortgage on the property and am concerned about the depressed retail market. To have a new 15 year lease from Mark one with a 10 year break clause will pay for the mortgage completely.

WE ALSO OWN COMMERCIAL PROPERTY LET TO MK1. IN THIS CASE PERHAPS IT WILL BE A GOOD IDEA TO SPEAK "OFF LINE" ABOUT THIS MATTER? IF YOU WOULD LIKE TO DO SO PERHAPS PROPERTY SECRETS WOULD BE KIND ENOUGH TO PROVIDE CONTACT TELEPHONE NUMBERS?

Hello SB, it would be great to swap ideas compare offers etc. How can I obtain your phone number/email etc. Thanks.

DEAR ILHAN, THANK YOU FOR YOUR PROMPT RESPONSE WELL NOTED I WILL REQUEST PROPERTY SECRETS TO PROVIDE YOUR CONTACT TELEPHONE NUMBER ON MONDAY. HOPEFULLY IT WILL BE POSSIBLE.

Dear SB,

The terms and conditions of the Forum state that "Property Secrets will not pass personal client details onto any other party, even with the permission of the client."

Regards Christine

Dear Property Secrets,

Am I allowed to post an e-mail address for SB to contact me ? Thank you.

The posting of any personal contact details is against the Terms & Conditions - this is to protect our members.

Apologies for the inconvenience.

Hello SB unfortunately we can't exchange details. Would you like to discuss the Mark One issue on the forum ?

DEAR ILHAN, I HAVE SPOKEN WITH PROPERTY SECRETS THIS AFTERNOON AND UNFORTUNATELY THEY ARE UNWILLING TO PROVIDE ANY CONTACT DETAILS. PERSONALLY I AM NOT REALLY VERY COMFORTABLE DISCUSSING ON OPEN FORUM.

Hello SB I understand. Can you discuss the issue in general ? We can discuss strategy, aims etc with no figures or direct references.