The company www.initiativemarket.com does have just bought 4 offices suit and 3 shops in the market town of Newcastle under Lyme. Among them, one office and one shop are vacant and need to find tenant. The job consists to use marketing material on internet to find potential tenants. The shop was previously rented to Baken Oven (Gregs) plc for 26000 pounds per annum and a similar office has been rented for 6750 pounds per annum last year.
The job consisted of the collection of material of various companies not currently presented in the area and potentially interested. The study is expected to gather 100 names with the decider. Foreign (American and Canadian) franchise that came on the American market should be the favourite marketing target.
You can decide to go for tenant who got a shop at Newcastle-under-Lyme, I am currently offering 24000 pounds per year with 50 % discount for the first three year to those tenants and so (12000 pounds for 3 years).
You can offer 1 year free of rent as a trying period to business.
You can offer it for free to charities with the condition that there is a 1 month noticed break close on both side to get it back. The benefice on my side is to save the business rate tax (12128.25 pounds per year). Charity got 80 % reduction on this tax and cult (religion): 100 %. For a free tenancy, I will keep the option to profit and advertise by video and paper on the façade and the glass window.
In case of letting success with a commercial company who paid a rent, a bonus will be added and calculated in function of the lease price according to the formula. 3 % of the annual lease (taken at the average on 5 years) would be paid after the first quarterly payment. For example, the successful letting of the shop for one year or more would provide a bonus of 26000 * 3 % * 1.5 (exchange rate) = 1170 USD and 6750 * 3 % * 1.5 (exchange rate) = 300 USD for the office.