Property Type
Offices
Duration
12 Months
Location
Clerkenwell, London
No. of Guardians
17
Client
Private Fund
Former OFFICE, Clerkenwell
Client: Private Fund
Situation
A large office block needed short-term security while the property owners sort planning to carry out a light refurbishment of the property. Prior to LOWE taking occupation, the owners were paying £120,000 per annum in security costs and £450,000 per annum in (empty) Business Rates.
Offices, Clerkenwell
Solution
- Provided a comprehensive Health and Safety audit to assess the current compliance of the property prior to any works.
- Re-instated the fire system to ensure it was compliant with fire standards.
- Installed kitchen facilities and showers to ensure the property was habitable.
- Vetted and placed 17 live-in guardians who occupied the ground to fourth floors, ensuring maximum security coverage across the block.
Offices, Clerkenwell
Outcome
- A cost neutral solution that saved our client substantial fees that would have been incurred on conventional security measures.
- Successful removal of the business rates liability on the property with LOWE paying the council tax.
- A well-managed, secure property with 17 young professionals, key workers and creatives with an affordable rental solution in the heart of London.
Offices, Clerkenwell
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