ASSET MANAGEMENT OPPORTUNITIES
The investment offers multiple asset management opportunities:
- Develop the residential units in accordance with the existing planning consent.
- Amend the existing planning permission to provide additional and or larger penthouse apartments.
- Convert the gym to office accommodation to achieve a higher rent, or residential, subject to the necessary consents.
- Extend the office accommodation by linking floorplates.
SERVICE CHARGE
The current service charge budget for the year ending 31 December 2012 reflects £2.72 per sq ft overall.
Each commercial lease provides for the reapportionment of the service charge in the event of any additional development within the site.
