Cleveland Square

Size

6 Floors

UNITS

74 Properties

Caretaker

on site

Following instruction, the team swiftly stabilised the asset by proactively engaging with tenants and implementing a clear management structure. Immediate priorities included recovering arrears, renewing expired leases, and improving tenant relations, bringing order to a previously under-managed site. Our team carried out a full and structured handover from the previous managing agent, enabling the recovery of key data and laying the groundwork for efficient, effective management.

With the income stream now steady and well-managed, strategic upgrades were rolled out, including the introduction of 24-hour porter assistance. Investigations into historic utility charges uncovered billing errors, resulting in a significant reimbursement for the client. Health & Safety compliance was brought up to standard, and with tighter financial oversight, the block is now positioned for future investment into further communal improvements. Our team also oversee the lettings and tenant management for this development.

  • Brought the arrears down to 0.00 in the first 6 months.
  • No further arrears as they are being addressed within 3 days from due pay date.
  • Recoveries done within 7-14 days to avoid delays in rent payments.
  • Vacancies filled within 10 days – 3 weeks if no remedial works
    required to the room/flat.
  • Renovated all the bathroom facilities within 1 year from taking over management.
  • Filled all vacant rooms within 2 months, from handover.
  • Set a process of incremental rental reviews and increases to continue growth of income.
  • Appointed a live-in Caretaker for the first time in the building, the impact was huge.
  • Integrated a porters office for tenants.
  • In the process of upgrading all communal areas.
  • Considerably improved communication with tenants including monthly newsletter.
  • Fixed all roof leak issues.
  • Attended to all Fire Risk problems within the 1st 6 month’s of taking over the management.
  • Attended to a huge number of outstanding maintenance concerns in over 30 units within the first 6 months.
  • Our trusted list of maintenance contractors ensure that all
    maintenance concerns are resolved in a short timeframe.
  • Developed a room into a Wifi, cardless based laundrette. Generating considerable income and adding a service to the building. This had a very positive impact to tenants.
  • CCTV in process of being upgraded
  • Cleaning – 4 days a week