News

Drake Howard Property Ltd manage a substantial portfolio of client commercial property assets across Coventry, Warwickshire and the wider Midlands region. Perhaps the key component of a property managers remit is to ensure the asset is occupied by a tenant that is both financially sound and, likely to run a sustainable business. To secure the rental income stream and, properly … Read More

Market demand for secondary office investments over the last two years has seen agents and property companies chasing the best assets, at or close to double-digit returns on capital. Office rental values have weathered the storm of a slowdown in demand post-Covid, but investors remain cautious of the long-term sustainability of the sector, with changes in the dynamics of work … Read More

At the end of the summer a management client of Drake Howard Property lost a tenant to business failure. The challenge to follow in these circumstances is to quickly and diligently assess whether the business has assets on which the client can seek recompense for loss and determine whether to take formal possession of the property if the assets are … Read More

In March last year Drake Howard Property reported acquisition of a modern warehouse unit in Earlsdon on behalf of an in-house property investor. 11 Clarendon Street is a 5,540 sq. ft. (515 sq. m.) warehouse and yard on a secure site but was in a poor condition, hidden by conifers and in need of general upgrade. Martyn Howard set about … Read More

We reported November 2022 on a spate of office disposals across Coventry conjured by Marie Farrell. December 2023 and January 2024 has seen Marie place three more lettings in quick succession. The Lease on Perseus House, Wheler Road, Seven Stars Estate has been assigned to Wastewater Fuels Limited, tenant of the adjoining Pegasus House, for expansion. The business is engaged … Read More

Many thanks to all our clients, past, present, and future, together with associates, suppliers and contractors that have helped enormously along the way.

Landlords and Tenants are increasingly focused on early assessment of the scope of repair, reinstatement and decoration works to be undertaken at the end of a tenancy. Under commercial property leases, the repair liability usually falls on the Tenant. To return the property to the Landlord in accordance with relevant clauses. A repair clause will typically state the Tenant is … Read More

Small industrial units are in short supply in Coventry and Warwickshire. So, when Drake Howard Property was instructed to market 13 Collins Road, Heathcote Industrial Estate, it was no surprise the property generated substantial interest. Most enquiries came from new ventures, or home start up’s, but the owner was looking to replace a financially sound tenant in the property. The … Read More

Acting on behalf of Coventry City Council, Drake Howard Property has disposed of Pegasus House for a second time in four years and, it did not take long to close the deal with an innovative ‘green’ tenant. Wastewater Fuels is an environmental technology business which is developing processes to create energy and water from commercial and domestic wastewater. The business … Read More

Midway House at Coten End has been used for many years as town centre offices for marketing and professional consultancies. However, with a recent dip in demand for office space and shift to preference for smaller areas in town centres, the owner of the building entertained interest in the premises for alternative uses. One such proposal came from Warwick School … Read More