Fromson Construction own a large part of the Canada Road, Byfleet Industrial Estate. Originally the Canada Road area of Byfleet was purchased by B. W. Fromson, in 1952, who came over from Canada during the war. He built aircraft hangars throughout Great Britain for the Admiralty and constructed premises in Canada Road for fabricating steelwork. B. W. Fromson gradually developed the agricultural land in Canada Road thus creating the beginnings of an industrial estate. All the buildings constructed the 1950s and 1960s, in Canada Road, have since been demolished and redeveloped under the management of Fromson Construction Co Ltd, and B.W. Fromson’s son, Peter Fromson.
We have been retained to let numerous units for Fromson Construction. We are typically asked to provide advice about the initial presentation and specification of industrial/warehouse units, marketing strategy and proposed rental term to achieve lettings within a reasonable period of time.
The most recent project Eggerdon & Holland handled was the letting of Cyan House, Canada Road, Byfleet, a unit of 22,500 sq ft. We were involved before an existing tenant vacated offering guidance regarding how best to configure the premises ahead of future marketing and the implications for exit dilapidations/repairs so that not only the property was well presented, it also meant an ingoing tenant would accept an obligation to repair and decorate. Marketing suggestions were made and a campaign launched to promote the availability of the unit to a wide audience. We introduced a tenant (Gulmay Ltd), agreed a deal subject to contract, with their retained agent and then issued heads of terms to the respective parties solicitors. We monitored and assisted with the legal formalities where required to ensure completion took place. A major issue for Landlords today is the liability for empty property rates which for industrial units is 100% after 6 months relief. In this case we managed to avoid the additional expense completely.