call the sales & letting team: 03330 124 134

call the estate management team: 03330 124 125

BUY

rent

PROPERTY search for buying
       
PROPERTY search for renting
       
FREE 60 MINUTE VALUATION

Are you looking to sell or rent your property fast? We will value your property quickly for you.

Complete this simple form & we will be in touch within 60 minutes with an approximate valuation.

ARRANGE A CALL BACK

If you would like us to call you to discuss a property, please complete the form and we will be intouch.

If you would like us to call you to discuss a property, please complete the form and we will be intouch.

16 new-build residential apartments

We don’t just say it, we’ve done it...

16 new-build residential apartments

lettings & estate management of 16 new-build residential apartments

the deliverables

Centrick Property was asked to carry out rental valuation, create a cost-effective maintenance management budget for the year and begin marketing the apartments, prior to the build being completed.

After a four week marketing ‘run-up’, while final internal decoration and snagging works  were being completed (before the properties became available),  Centrick Property had successfully let all 16 units within six weeks of instruction. All leases began less than a month after the units were complete and ready for habitation.

the initial outlay

All properties were marketed with the option of being furnished, however, Centrick Property advised its client not to furnish a lot of units straight away in order to reduce capital expenditure. Instead, just one apartment was furnished at the outset to act as a ‘show apartment’ for prospective tenants that may require furniture. With the ability to order and complete the installation of a cost-effective furniture pack within just one week, Centrick Property was still able to facilitate quick turnaround lets, without incurring excessive costs at the outset. In the end, only 4 out of the total 16 apartments had to be furnished, a much cheaper set-up than our client was expecting.

the cost saving

The client owned the freehold interest as well as 100% of the units onsite, so instead of having to set up a full estate management service charge, budget to include things like a reserve fund and accrual for planned maintenance, Centrick Property was able to create a bespoke ‘Maintenance Management Budget’ at a considerably reduced cost to its client.

Cookie ControlX

This site uses some unobtrusive cookies to store information on your computer. Find out about cookies here.

This site uses cookies to store information on your computer. Some of these cookies are essential to make our site work and others help us to improve by giving us some insight into how the site is being used Privacy Policy.

Read More

Read Less