Warrington Court, Croydon

From a neglected site to a profitable block of garages

Background

When we took on the management of this small block of garages, the site was in a serious state of disrepair and neglect.  All the garages were vacant.

What we did

  • Removed the existing asbestos roofs and replaced them with a new high quality flat roof system that has a 15-year guarantee
  • Replaced the doors with new 4-point locking doors
  • Cleared all rubbish from the site and inside the garages
  • Laid a new tarmac forecourt & drainage
  • Instructed a parking control company to patrol the site and issue permits where needed
  • Marketed the garages to potential tenants

Outcome

This attractive and very low maintenance site is now fully let, producing in excess of £5,000 pa in rental income for the landlord, who is now receiving a return from an existing asset that had been undervalued as a source of income.

The capital value of the site has dramatically increased and the landlord receives a comprehensive set of accounts every quarter.

Interested in our management services?

Fill in the form below or alternatively, call us on 0118 975 9455.