GUARANTEED RENT | Transforming an Ex-Bank Building into Luxury Apartments - Farnham

We are thrilled to announce a successful agreement with a developer specialising in converting ex-bank buildings into luxury apartments. In this particular case, we have secured rental terms for the entire building, which consists of 18 newly built apartments, at rates substantially above the market rents for the area. The developer is delighted with the terms, which offer numerous benefits:

Key Highlights:

1. Above Market Rents:

   - Secured Premium Income: The apartments are leased at significantly higher rates than the local market average, ensuring superior rental income which maximises return on investment.

2. Guaranteed Immediate Occupancy:

   - Fully Tenanted from Day One: All 18 apartments will be occupied as soon as construction is completed, guaranteeing immediate and continuous rental income from day one.

3. Long-term Lease:

   - 5-Year Contract: This long-term lease provides stability and predictability, reducing the risk associated with frequent tenant turnover.

4. Cost Efficiency & Savings:

  - Zero Communal Costs: No expenses for lighting, heating, cleaning or maintaining common areas.

  - Zero Letting Fees: No costs associated with finding tenants.

  - Zero Management Fees: No charges for property management services.

  - Zero Void Periods: Guaranteed occupancy with no gaps between tenants.

  - Zero Furniture Requirements: The apartments will be leased unfurnished, offering substantial savings in fit-out costs.

- Reduced white goods requirement - washing machines, dishwashers and fridge/freezers are not required

Eliminating utility, cleaning, letting, and management costs significantly reduces operational expenses.

5. Favourable Refinancing Terms:

   - Optimised Investment: The developer can refinance the building on favourable terms, potentially leaving them with little or no money invested in the property.

This arrangement offers an exceptionally attractive investment opportunity for the developer while ensuring a stable and premium rental income. We are proud to have facilitated this successful agreement, demonstrating our expertise in delivering tailored, high-value solutions for our clients.

We can do the same for you.   Get in touch with our dedicated developer-services team to discuss your blocks.