The true cost of an empty property
23 June 2022
Commercial properties are invaluable assets to business owners. Whether it's an office building, a warehouse or a hospitality venue, your property is at the heart of your business. Commercial properties are often expensive to maintain, but the income generated by your thriving business keeps everything afloat. So what happens if your business closes its doors or is put on hold? A vacant commercial property can quickly rack up expenses in maintenance costs and empty business rates, making your property become a problem rather than a source of income.
Empty properties can also quickly become targeted by criminals. Opportunistic squatters, thieves and vandals can cause vast amounts of damage to a property in a short space of time. This can lead to the property owner having to pay out of pocket for services such as deep cleaning, repairs and rubbish removal. Services like these often come with a high price tag, adding to your expenses on top of having to pay business rates. Once squatters have entered your property, it can be very difficult and time-consuming to get them removed, which can be an unnecessary source of stress and worry. If your building is going to be empty for an extended period of time, the best course of action is to act quickly to avoid these costs and inconveniences from piling up.
Fortunately, there is a simple way to obtain business rate relief and avoid maintenance and repair costs. Keeping your commercial property legally occupied while it is out of use can drastically reduce your outgoings, whilst also keeping your property in good working condition until you are able to use your property again or secure a sale. Live-in Guardians provides a guardian property management service for owners of empty commercial properties across London and Manchester. By coming to us with your vacant property, you can prevent squatters and vandals from ever entering your property, by instead inviting our chosen property guardians to live in your property as residents. Property Guardians are hand-selected by us and are trustworthy young professionals who live in and care for your property while it is out of use. Not only does this prevent criminals from entering your property, but it also negates the need to pay for janitorial or maintenance services, as Guardians will keep all utilities running and will help to keep your property clean, tidy and in working order by reporting any maintenance problems to our dedicated team.
Property Guardianship is a mutually beneficial relationship where young professionals and key workers have the opportunity to live in unique and affordable city centre properties, whilst property owners avoid paying empty business rates and can rest easy knowing their property is safe and looked after. We offer an all-round vacant commercial property solution that benefits everyone involved. The true cost of an empty property can be hugely expensive, but it doesn't have to be. If you own an empty business property, speak to our team today and we can arrange a free survey within 24 hours, and if your property is suitable we can get to work on transforming the interior to make it Guardian-ready within a matter of days. Avoid paying empty business rates and keep your property safe by choosing live-in property protection.