Government statistics have revealed that there are currently over 225,000 long term vacant properties across the UK. Greater London alone is home to just over 10% of those properties, totalling nearly 25,000 vacant buildings across the capital. But which London Borough has the highest number of long term vacant properties? And what can we do about it?
5 Ways to Save Money on Your Vacant Property
Last year, we estimated that a vacant commercial property can cost upwards of £100,000/year to securely & adequately maintain. Money spent on security services, building maintenance fees and insurance premiums quickly add up. However, there is an effective & cheaper alternative – Property Guardianship. We’ve put together a few tips and tricks to help you spend less on your vacant property with the help of property guardians.
What Is Property Guardianship? and How Can It Help Your Business?
London (and the rest of the UK) is full of vacant properties that are expensive to maintain and difficult to protect. This growing problem is only getting worse as the British high street suffers from mass closures and offices consider permanent work from home scenarios. This is where property guardianship comes in. It’s a relatively modern solution that is gaining popularity amongst landlords who are looking for cheaper and more effective ways to protect their vacant properties. In this guide, we’ve summarised everything you need to know about what property guardianship is, why you should consider it, and how our zero-cost solution can help your business.