Lettings case studies
We consider every aspect of a property for a commercial property lettings strategy, to find the right occupiers. Occupiers that want to stay - for a sustained income.
Waterloo Court, Wolverhampton
Bond Wolfe is instructed on the long-term asset management of the property. After a series of lease expiries, within a short space of time, this 43,000 sq ft office building became approximately 30% vacant.
To address this, Bond Wolfe secured a letting to Capital Professional Ltd on a 10-year lease. We identified suitable occupiers through a tactical targeted marketing campaign, utilising our unique market intelligence on local occupiers and lease expiries. Within a short period of time, the financial advisory firm signed a lease on a total of over 10,000 sq ft at Waterloo Court, let and managed by Bond Wolfe.
Guardian House, West Bromwich
Bond Wolfe was instructed to turn this 80% vacant property into a fully income-producing asset. As a property with such a high vacancy rate, the void costs were substantial, making it crucial to let the offices promptly.
Given the size of space and its proximity to the M5, we conducted a marketing campaign that targeted both local and national occupiers. This approach allowed us to bring the property to the attention of national businesses that might be looking for a location for a Midlands operation.
Following this swift and wide marketing campaign, Bond Wolfe secured a letting to Sandwell Inspired Partnership Services Ltd (SIPS). Looking to house their expanding services, SIPS’ specific needs included a library and conferencing space. As such, Guardian House was the perfect building and location for them. SIPS signed up to a 10-year lease on 24,355 sq ft of office space, bringing the building back to 100% occupancy.
Parham House, High Street, West Bromwich
Bond Wolfe initially sold Parham House, a redundant office block on West Bromwich High Street, for £1.45m. The new owners then sought advice from us as to the best commercial property lettings strategy for the asset moving forward. The local market had seen an oversupply of office space and a strong demand from investors for residential buy-to-let opportunities.
The vendors converted the office block into 47 apartments, with a view to letting the flats out individually. However, with our contacts across all property sectors, we were able to make approaches to numerous Housing providers, in an effort to find one tenant who would lease and manage the whole property. After discussions with several well-known operators, a 7-year lease was negotiated and agreed with The Finefair Group on a full repairing and insuring basis.