New Lease – Renewal Decision
Existing Gross Rent: $174,000 p/a
GEM™ Evaluation Outcome: Moved to adjoining centre $104,000
Total 5-Year Benefit: $557,500
Existing centre was performing poorly bad tenancy mix at high rent. Landlord not prepared to renegotiate rent. Following GEM Lease Analytics™ report suggested rent to order of $92,000.
Adjoining Supermarket anchored centre performing better and new 5 + 5 + 5 year lease secured on Gross Rent of circa $105,000. Benefit over five year was say $560,000.
