Beeching Close, Ash

Background

This derelict site was acquired by our retained client from a Housing Association in 2017. We were then instructed to manage and refurbish the garages on their behalf.

The garages on this site were mostly boarded up with rubbish inside, with only one garage let. The Asbestos roofs were crumbling into the garages and were very hazardous.

What we did

We project managed the complete refurbishment of the site including:

• Removing all asbestos from the site and installing new high quality flat roofs, including new facias, soffits and guttering
• Replacing all garage doors with new 4-point locking doors
• Removing all rubbish and fly-tipping from the site

Once we had completed the refurbishment of the site, we then advertised the site to potential tenants and arranged lettings.

Outcome

We quickly achieved a 100% occupancy of the garages, producing £12,000 pa for the freeholder. This is shortly going to increase to £14,000 due to a forthcoming rent review. The site has negligible future maintenance costs, due to the high-quality refurbishment and long guarantees our contractors always provide. We successfully turned what was a derelict and dangerous site into an income-producing long-term asset for our client.