Shepherds Walk, Farnborough

Background

The garages at Shepherds Walk had slipped into long-term decline, units boarded up, occupancy dwindling, and years of neglect stripping it of both function and value. It was a forgotten space with untapped potential. That’s when Courtman & Co. stepped in. Appointed to lead the refurbishment, we set out to transform the site into a safe, secure, and income-generating asset ready for long-term use.

Strategy & Execution

Our approach centred on revitalising the site from the ground up, replacing tired infrastructure with modern, durable upgrades. With a focus on longevity, usability, and appearance, the refurbishment was designed not just to restore, but to elevate the site’s value as a managed, income-producing asset.

Asbestos Remediation: Complete removal of hazardous roofing materials following HSE protocols and installation of modern replacements
Structural Assessment: Full evaluation of garage integrity
Door and Frame Renewal: Complete replacement with secure, durable garage doors
Site Clearance: Removal of debris and fly-tipped waste from within the garages and site
Perimeter Security: Installation of secure perimeter fencing around the entire site and access-controlled gates

This approach not only ensured full compliance with safety standards but also laid the foundation for the site’s long-term viability and improved tenant appeal.

Outcomes

The transformation of Shepherds Walk exceeded initial projections across all key metrics:

Occupancy Rate: 100% occupancy achieved
Rental Income: Weekly rents of between £29 to £35
Annual Gross Income: Exceeds £40,000, delivering a strong return for the investor
Market Positioning: Now operating as a premium facility commanding top-tier rents
Improved site security and aesthetics, positively impacting the surrounding community

Conclusion

Through strategic refurbishment, Shepherds Walk was repositioned from a declining asset
into a prime lock-up garage facility. The scheme demonstrates how targeted investment and
specialist insight can breathe new life into underperforming property assets.

Courtman & Co.’s expertise in garage site regeneration enabled the investor to unlock the
potential of a neglected site, transforming it into a fully let, high-yielding asset. The project
delivered a sustainable income stream while enhancing the local environment, creating value
and improving the surrounding area for residents.

“Congratulations on your exceptional management. The fact that the site is fully let with no arrears speaks volumes about your efficiency and professionalism.” – Property Landlord