Britain is a nation full of property investors. Many of us invest in property to give it a lick of paint, some modern features, and other favourable additions, and then either sell on for profit or let. While this seems like a great market to get into, how many people consider investing in commercial property instead?
You might be unhappy with the services that your current management is providing. Fisher Wrathall are here to help, and with many years’ experience we can potentially alleviate common stresses and discrepancies that can sometimes arise with the insufficient management of your residential block.
Regardless of whether the block is a block of flats or a collection of houses…we cover it all.
Living in a Residential Property
Residential blocks are almost always made up of leasehold properties. Each property leaseholder (the owner) has a responsibility for shared or common parts of the site and pays either a monthly or annual sum into a common fund to meet these shared responsibilities.
This can be for general maintenance or for greater costs but ensures that your block is in tip-top condition at all times.
The fund is managed by your residential block’s own Company Directors that have previously been elected from among the leaseholders at the A.G.M. Each leaseholder usually holds a single share, enabling the management to be a fair, consolidated activity.
However, not all residents are shareholders; you need to be an owner and a leaseholder to own a share.
Looking For Help in Lancaster?
Increasingly, residential blocks employ agencies to manage the day to day affairs. This is often because directors and residents find block management a sometimes complex issue, particularly difficult whilst attempting to keep on top of their own busy lives – it can very quickly become a strain. The answer is clear – use a block management agent like Fisher Wrathall to find the perfect solution.
Working with Fisher Wrathall does not mean losing all control of your property. Directors and residents keep control of all of the decision making, with Fisher Wrathall on hand to offer advice and support when it is appropriate.
We, as the managing agent, will assist with implementing your decisions, will cover all administrative duties and will provide guidance to safeguard building standards and value.
It is due to these fantastic services that many continue to turn to Fisher Wrathall, who are a popular, respected Estate Agent in Lancaster. Through years of experience, the Block Management team are able to provide a completely comprehensive service, tailor-made to suit your situation.
We are approachable and friendly and can set your mind at ease with our wealth of extensive knowledge and reliability.
Here is a sample of some of the excellent services that we can provide:
- Collecting service charges from leaseholders and collecting any arrears
- Maintaining day to day accounts and income & expenditure statements
- Producing year end accounts, annual spending estimates and budgets
- Preparing an annual budget for the approval of the Ltd Company at its AGM
- Administering Directors meetings and the AGM
- Managing & arranging suitable building and directors & officers insurance
- Carrying out site visits on a regular basis
- Sourcing and engaging contractors as required
- Fire and Health & Safety assessments
- Additional services tailored to meet your needs
For more information on all things block management, contact us today.
Do you recognise this building?
If you currently live in Lancaster or the surrounding area you may have passed this block once or twice before. They are situated opposite the, Royal Lancaster Infirmary. The building was previously used as Nurses quarters, owned by the local NHS trust. Barberry Properties Ltd. have recently purchased the building and renovated the 24 residential two-bedroom apartments.
Barberry have carried out full refurbishments, providing the market with 24 charming, spacious, turn-key apartments. The apartments- Bevan House and Nightingale House- are available to purchase at just £140,000- through Fisher Wrathall.
The desirable apartments are suitable for all forms of purchasers. From a potential landlord looking for a low-maintenance investment, or an individual looking to get their first sturdy step onto the property ladder.
The apartments are sophisticated, luxurious and affordable.
Bevan House and Nightingale House are just a five-minute walk from Lancaster’s vibrant city centre of and its amenities. Yet, they are also a short drive to the midst of the countryside. Thus, the apartments have the perfect balance of busy city centre and peace and quiet.
Furthermore, the Lancaster canal route is on the doorstep of these newly modernised apartments- perfect for a fresh countryside cycle or wander to one of the several canal-side locals.
Not only are these flats extremely convenient for local amenities, but access to the transport links couldn’t be easier. The M6 is just a short and simple drive away, and if you don’t drive, the train and bus stations are just a ten-minute walk away- with links to all major stations, you can travel anywhere quickly and efficiently.
Layout of Apartments
Bevan House and Nightingale House are both three storey buildings . The apartments vary in size and layout. All apartments profit from an open plan design, which brings plenty of benefits to the space.
Not only are the apartments super spacious, but they are also super stylish.
Fisher Wrathall are now selling these on behalf of the developers. Why not call us at Fisher Wrathall to find out more about more of the fabulous features?
With the number of individuals renting accommodation on the rise, these apartments are a confident investment.
If you wish to receive further information on Bevan and Nightingale House, please come and speak to one of our friendly, welcoming team at Fisher Wrathall.
Don’t forget that at Fisher Wrathall, we are essentially a one-stop-shop; we can do all the hard work for you- helping you to buy, helping you find the perfect tenant and also providing block management. It couldn’t be easier!
Renting your home can sometimes be the better option for many families, couples and singles. While you may think that buying a property is a big decision, renting is just as sizeable, as your living situations will affect every aspect of your life. It is clear that renting is more popular than ever, with the English Housing Survey finding that the rented sector has doubled in size since 2004.
Are you wanting to become a successful commercial property manager? At Fisher Wrathall, we have extensive knowledge of the real estate industry, with experience handling the sale, letting and management of all commercial property types.
So, how can you become successful in this field? Here, we have compiled a list of five top tips to help you kick-start and achieve your success.
One of the first things an individual will judge a building on is its appearance, so delivering exceptional maintenance is a high priority. Companies focus on motivating their workforce, boosting morale, and presenting an attractive company image, and a rundown building is the opposite of what they want. Well-maintained properties appear professional and presentable.
There are numerous areas of the property to check, ensuring it is in pristine condition, these include:
Understanding of the Latest Technology
It is vital for property managers to understand how technologies work and anticipate any problems which may arise, so they can quickly offer solutions for their clients. By getting technologies before any competitor, it offers a highly effective way to attract higher paying clientele. This technology can range from security cameras to motion sensors to smart locks.
It is important for commercial properties to keep up to date with the times, offering clients the latest and greatest features, this includes secure surveillance and alarm systems.
Businesses thrive when they can rely on compact solutions, especially if their places of work can take care of much of the hassle of the day-to-day maintenance.
Effective communication is vital for any business and career, and for your services to be successful, there needs to be a clear path for two-way communication between the tenants and the commercial property management team.
Property management often comes down to dealing with individuals, so excellent people skills and patience are all desirable traits to have.
Intelligent and green buildings are the new doorway for commercial management property success. This new approach appeals to environmentally-friendly corporations, with economic benefits also. This keeps you ahead of regulation and legislation changes as businesses are expected to go greener. LEED-rated projects have energy-efficient layouts and low operating costs, which attracts cost-conscious business minds. So, going green is a highly positive factor for property managers.
Our Commercial Agency Service
Our efficient and professional service is combined with advice from experienced RICS Surveyors who have a wealth of knowledge of local contacts and markets within the Lancaster, Morecambe and surrounding district areas. Here is what you can expect from us:
- Free market appraisal and initial consultation
- Preparation of professional sales particulars
- Extensive online advertising on our website and Rightmove Commercial
- On site marketing board
- Accompanied viewings
- Proactive, tailored marketing via our extensive local knowledge and contacts
- Negotiation with potential buyers/tenants
- Personal service and professional advice throughout the sales and letting process
We can provide you with friendly and professional advice on any property matter, be it letting your property or renting a home. Please do not hesitate to contact our commercial and professional team on 01524 69922, to learn more about our services and how we can help you become a successful commercial property manager.
Alternatively, if you are an individual looking for flats or houses for rent in Lancaster, we can help you find your ideal property. Simply ring our residential sales team on 01524 68822 and a member of our team will be happy to help.