Feasibility studies

Feasibility studies in transport planning

Transport is a key element of any development. In order to ensure a particular area of land can be developed for a specific use, providing a preliminary consideration of highways issues is a critical aspect. As part of our town planning services, we can provide a preliminary site assessment to provide the information required for the next stages in the development process. 

What is included in a feasibility study?

We offer comprehensive feasibility studies, which enable us to decipher:

• How a development will be accessed by both sustainable transport and private modes
• Any transport challenges that may occur in the future
• The levels of traffic within the area
• Sustainability of the site

Our experience in this area has allowed us to work on a number of prominent developments and projects. We have the level of knowledge to complete feasibility studies for a range of different sectors and land uses. Our technical expertise is second to none, which gives all our clients the confidence to make evidence based decisions on the viability and potential success of a development.

How are tenants impacted in an FRI lease?

The two main considerations for the tenant involved with an FRI Lease are:

• Reinstatement – at the end of the lease, if the tenant has made any alterations to the property, it is their responsibility to restore it to its original condition. It is for this reason that all commercial tenants should commission a Schedule of Condition before signing the lease, to provide documentation as to the property’s condition, allowing any future dilapidations to be mitigated.
• Comprehensive buildings and contents insurance – a detailed policy, arranged by a specialist broker, which covers such eventualities.

Is it possible to negotiate in an FRI lease?

It is possible for a tenant to negotiate variations to a lease to avoid shouldering the full burden of the costs of repairing and insuring the property. A tenant may negotiate that they pay only for the costs of repair for the part of the building they occupy, in the case of multiple-occupancy properties, or they might insist on setting a financial limit on their contribution. Other variations which tenants might consider could include the freedom to alter the premises for their particular needs, to cap any service charges, or the ability to sublet without financial penalties. It is important to consider that an FRI Lease should only be signed by the tenant after consulting with an experienced and competent commercial law advisor. 

If you would like to recieve further information, contact one of our team members who have many years’ experience of dealing with the intricacies of commercial leases and can act on behalf of tenant or landlord when negotiating and preparing a lease.