Office Refurbishment, Hertford
We have just started work on this unit in Hertford, which is literally next door to the last one we completed.
The landlord needs more viewings in this vacant office building so we are trying to create a modern look with the hope that this property becomes leased quickly.
The property has been unoccupied for 9 months which in itself is costly as business rates are still chargeable. £5,000 business rates per month plus £10,000 loss of rental income.
By improving the appearance of rental premises we aim to minimise the time they are un-occupied and therefore, it is important to act quickly.
Tenants will be comparing older premises like these to new builds. Would you want your company logo on a building which is looking a little tired? This elevation is the first impression tenants or the potential tenants’ customers are seeing as they park up.
Would this property still be vacant if we had been brought in 9 months ago? Would the cost of our services be outweighed by 9 months loss of rent plus 9 months business rates?
These are the questions landlords and owners need to ask and we understand it is difficult to justify investing in refurbishment when a property isn’t generating any income.