A DEVELOPER and property expert has turned to Gordon Brown Law Firm for help in setting up his own estate agency.
Miles Hewitt has set up a franchise of leading north east estate agent Mike Rogerson in the centre of North Shields employing four people.
The deal is part of an expansion of the Mike Rogerson chain, which has seven other branches across Northumberland and Newcastle, and could act as a model for the chain’s growth in other areas of the UK.
Miles, who previously worked as a developer, has always managed his own property portfolio and had reached the point where he wanted to turn his passion into a career.
The business will be split between sales and lettings and also offer a range of supporting mortgage and financial services.
Miles said: “It’s a very exciting step to be setting up my own estate agency, particularly as a franchisee under the Mike Rogerson banner.
“The chain has branches across Northumberland but I’m the first franchisee and it could become something of a model and pilot for expanding the group in other areas.
“The North Shields branch in an excellent location. It’s a retail unit right in the middle of town so has good visibility and good access and parking for customers. There is large window displays to give the properties maximum exposure.
“There’s also lots of activity in the market. There’s a lot of regeneration work around the quayside in North Shields which will help to attract fresh investment. The affordability of property is also helping to draw in people from places like Cramlington and Morpeth.”
Newcastle law firm Gordon Brown, which specialises in commercial property transactions, helped Miles to negotiate and improve the terms of the lease on his new premises with the landlord and also advised on the terms of his franchise agreement with Mike Rogerson.
The agreement between franchisor and franchisee will be used as a template for other agreements.
Miles added: “Gordon Brown’s knowledge of commercial property law is second to none. Negotiating the franchise agreement took time but, thanks to their help, the terms are good and we now have an agreement that’s right for both parties. They also helped me to improve the terms of the lease and make sure I entered into it on reasonable terms with the landlord.”
Gordon Brown, partner at Gordon Brown Law Firm, who advised Miles, said: “We were introduced to Miles by a financial client of ours and have been able to offer advice on a variety of aspects of the business and the implications of being a franchisee.
“I’ve acted on behalf of several franchisees in the past and it’s important to ensure that the terms of the agreement between franchisee and franchisor are correct and reasonable.
“This was a new step for both Miles and the franchisor but it’s very exciting opportunity for them both.”