Moran Asset Management

Asset Management – Former Industrial Building

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8-3

  • Asset Management role for a 6,000 m2 (0.6 Ha) site in the West Midlands. Formerly arranged as redundant, derelict industrial building. Initial proposal involved demolishing the original structure to achieve a clear site for an alternative use
  • With support from local authorities, proposal succeeded in installing a new lease for a surface car park operator on a 5-year term at an attractive annual rent (plus ancillary sub-tenant in form of a car wash)
  • Development succeeded in transforming a derelict site with security and insurances issues and costs into a simple, clean investment asset. Going forward the site can either continue in its present income-producing form or be well placed for a new development as and when the local economy/market dictates