A TALE OF DILAPIDATIONS – DILEMA AND DILIGENCE.

DHP_16_EdUncategorized

Drake Howard Property has the expertise and trade contacts to discharge end of lease disrepair claims on behalf of tenants. This expertise has recently been demonstrated at a workshop and office unit at Binley Industrial Estate, occupied on a short-term lease by a major automotive engineering services company client. The tenant had signed a lease for a term of 6 … Read More

INVESTMENT PROPERTY ACQUIRED FOR ASSET MANAGEMENT

DHP_16_EdUncategorized

Drake Howard Property has acquired 3 industrial/warehouse units close to Torrington Avenue, Tile Hill, Coventry, for investment client, Forest Team Limited. Unit 7 Binns Close is a detached warehouse with a gross internal area of 8,265 sq. ft. and is let to Nissens UK Ltd to 2021. Unit 8 Binns Close is a building extending to 6,600 sq. ft. sub-divided … Read More

NEW LEAMINGTON SPA PROPERTIES ADDED TO PORTFOLIO UNDER MANAGEMENT

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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 … Read More

Sporting Chance in Kenilworth

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Drake Howard Property has disposed of another commercial premises on the main road through Kenilworth Town Centre. On this occasion, a self-contained office above the Cancer Research UK charity shop, adjacent to Sainsbury’s Supermarket. The offices are cellular arranged over two floors, accessed from an external staircase and with electric heaters. The premises may have been considered to fall short … Read More

FANTASTIC MANAGEMENT & REFIT AT LEOFRIC COURT

DHP_16_EdUncategorized

Leofric Court is another multi-let office development which came into the management portfolio of Drake Howard Property, relatively recently. In a short space of time our experienced team has focused on improving the environment in which the building stands, by careful service charge budgeting. Landscaping and planting has been upgraded, including new path with steps and handrail on the frontage … Read More

RENOGOTIATION OF PHS LEASE FACILITATES INVESTMENT DISPOSAL.

DHP_16_EdUncategorized

In April 2016, inspection of an industrial unit at Aldermans Green Industrial Estate, Coventry, identified potential for extension to the occupiers lease term and has culminated in disposal of the property asset to Coventry City Council, on behalf of owners Real Estate Investment Trust. Drake Howard Property was asked to provide advice and recommendations on the tenancy on the premises; … Read More

IT’S A FULL HOUSE IN NUNEATON

DHP_16_EdUncategorized

Albion Court is a terrace of 9 former cottages on Attleborough Road, Nuneaton, converted to small office units 25 years ago. The property came into the management portfolio at Drake Howard Property in November last year, with three vacant units and a further unit due to be vacated August this year and was looking quite tired. An intensive management shake … Read More

Property Investment Market Bright-White Hot!

DHP_16_EdUncategorized

This time last year, May/June edition, I reported a ‘White Hot’ commercial investment property market, with stock markets anchored by a forthcoming Brexit vote and concerns over economic data coming out of China. I could not find an adjective to express intense market heat this year, other than bright-white hot! Suggestions to add a better adjective to my limited vocabulary … Read More

EXCITING PROSPECT OF NEW LEASE OF LIFE FOR LEAMINGTON SPA CO-OP BUILDING.

DHP_16_EdUncategorized

The CO-OP Rooms Department Store on Warwick Street, Royal Leamington Spa has been bought by a client of Drake Howard Property Limited, for investment and development. The building constructed circa 1970 has retail showroom space on ground and first floors, with stock and offices on the top floor and a funeral parlour and office on the corner of Bedford Street. … Read More