PROPERTY TYPE
Police Station
DURATION
4 years
LOCATION
Chelsea, London
NO. OF GUARDIANS
42
CLIENT
Private Fund
POLICE STATION, Chelsea
Client: Private Fund
Situation
A former Metropolitan Police Station in a prominent, central London location had a history of squatting since it was vacated by the Metropolitan Police. It was also in a state of disrepair prior to LOWE taking occupation. The property required a significant investment from LOWE to ensure it was suitable for guardian occupation. The property also had a large empty business rates liability on the property.
Police Station, Chelsea
Solution
- Works included rewiring the electrics to ensure NICEIC certification was in place and the installation of a new fire system to cover all rooms within the property.
- Essential fit-out of showers, kitchens and bedrooms.
- Additional works to create a communal space that can be enjoyed by all guardians.
- 35 vetted guardians occupying the property to provide a 24-hr coverage of the property.
Police Station, Chelsea
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.
- Provision of affordable housing in an otherwise unaffordable area.
- A well-managed, secure property while the property goes through the re-development process.
Police Station, Chelsea
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