Once stabilised, offer a constant sustainable income stream
The NOI is net of agents’ fees, void costs, service charge costs and business rates
Conventional Offices
Are often subject to letting voids, rent-free periods and possible landlord contributions
Agent’s fees, service charge costs and business rates are incurred when there are vacancies
The resulting NOI can be 20% less than the headline rent declared
A partnership to meet client expectations
Empty space/CAT A struggles to let. These days, landlords are having to provide furniture, facilities and flexibility to attract tenants into units of 1000 to 5000 ft.²
Us&Co is looking to partner with property owners/landlords to provide furnished and flexible space within their buildings, aiming to generate 20 to 25% more net operating income than a standard letting model.
Us&Co owns and operates two full-service, all-inclusive flex offices in London, in Monument and Stratford, which we comprehensively redeveloped ourselves. These have been operating for 7 years and 4 years respectively.
We can offer turnkey project delivery either for a whole building or the vacant parts of a building.
The initial capex for fit out and furniture is offset by not having to offer the usual landlord incentives and rent-free periods required with standard leases.
We have the experience, the contacts with suppliers, the in-house staff and the operating systems needed for the full range of client-facing services.
Flexibility is key: some clients will want all-inclusive packages with full services whereas others may only require a lighter level of management provision.
As such, a profit-sharing management agreement can be tailored to the best option for the property owner and the building
Partner with Us&Co:
We can offer turnkey project delivery either for a whole building or the vacant parts of a building.