Drake Howard Property Limited has secured instructions to manage 4 additional properties in recent months’.
9 Clarendon Place, Leamington Spa.
This Regency Building in the heart of vibrant Leamington Spa, was known for many years as the office of renowned solicitors, Wright Hassall. It has undergone a superb redevelopment to 12 luxury apartments and a penthouse flat. The developer is an existing management client and we were the natural choice to assist in the set-up of building facilities, plant maintenance and service contracts. To supply budget information and estimates to prospective purchasers. Now the building is fully occupied the management regime is in full flow.
Thornton House, Leamington Spa.
Another residential block of 10 flats, which is immediately to the north of the town centre. “Residential block management is not an area of business we actively seek, but as with 9 Clarendon Place, we have been brought in by an existing client to regularise a dysfunctional management regime,” said Martyn Howard. The block of flats had been poorly maintained over a number of years and service charge budgeting and accounts needed audit and return to a viable footing. Working with Management Company directors, the service charge is now transparent, common parts of the property have been revitalised and the exterior has been redecorated within budget tolerance.
50/50a Warwick Street, Leamington Spa.
This retail property with residential flats above is situated on the corner of Warwick Street and Bedford Street. Drake Howard Property was instructed to formalise management and provision of services at the building, in this instance, at the time the former restaurant on the corner of the building was under offer to Snap Galleries. The remit included study of leases on the adjoining barber shop and two upper flats, to ensure service charge covenants in the new lease were consistent and to propose minor practical variations to existing deeds to ensure maintenance of the shared parts are covered for the future. With completion of the gallery lease and external redecoration to follow in the spring, the value of the owners’ freehold asset is on the road to recovery.
144 Parade, Leamington Spa.
A retail unit and upper offices, recently sold by the former owner of the building and where the services of Drake Howard Property has been retained on the strength of performance and experience. The new owner’s remit is not only for management of the property and tenancies, but includes marketing of a vacant office suite at first floor. The initial response from our promotion campaign has been positive and we expect the building to be returned to full occupation, shortly.