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A warehouse with a trade counter occupied on a 6 year FRI lease with 3 years unexpired at £75,000pa

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A warehouse with a trade counter occupied on a 6 year FRI lease with 3 years unexpired at £75,000pa. The tenant wishes to surrender the existing lease in favour of a new 7 year lease with a rent review at year 4. The Market Rent on FRI terms is £125,000pa. Assume an all risks yield at 8%.