THE BRIEF
Client and location: Castle Court, Nottingham.
Sector: Office.
Client: Rushcliffe Estates Limited.
Services Provided: Building Consultancy, Property & Asset Management, Agency & Development: Dilapidations, Lettings, Service Charge Management
Challenge: To facilitate the letting of office space to a new tenant, manage the transition from the former tenant, and handle the ongoing service charge management.
Testimonial
“We worked closely with our building surveying colleagues to reach a tri-partite agreement which benefited all We’re delighted to hear that the building is being utilised to support jobseekers within our Nottingham community.”
Craig Straw, Director, Innes England
The Solution
Comprehensive Service Solution by Innes England:
- Agency and development: Secured a significant letting agreement with the Department for Work and Pensions for c34,000sqft of office space and managed the simultaneous surrender with the former tenant, coordinating with building surveying colleagues for a smooth transition.
- Building consultancy: Collaborated on the agreement with the outgoing tenant regarding their dilapidation liabilities and the substantial fit-out stripping process.
- Property & asset management: Post-letting, the team, led by Grace Conisbee MRICS, Management Surveyor, took on the service charge administration and management, establishing a revised budget and working closely with the tenants.
The Results
- Successful letting to a government entity: Secured a new, reputable tenant, adding significant value and stability to the property.
- Efficient transition management: Achieved a seamless transition between the outgoing and incoming tenants, with minimal disruption.
- Enhanced service charge management: Implemented a revised and efficient service charge system, ensuring tenant satisfaction and operational effectiveness.
- Ongoing letting of vacant spaces: Continues to market the remaining vacant office suites in the desirable location, leveraging the property’s proximity to key city landmarks.
Conclusion
Castle Court showcases Innes England’s ability to provide a full spectrum of commercial property services, from securing significant tenancies to managing complex transitions and administering service charges. A collaborative approach across departments ensured the successful letting to a government department, efficient management of the transition, and ongoing service charge administration. This project highlights Innes England’s expertise in handling multifaceted property challenges and delivering exceptional results for our clients.
“The Grade II listed property comprised of a number of self-contained office suites, with a canal to the rear of the building. It is situated within walking distance from Nottingham Train Station and Nottingham Castle, making it a very desirable location. We are pleased to be letting out the remaining vacant spaces within the building.”
Ross Whiting, Director, Innes England
“We’re really pleased to be retained by the landlord to administer and manage the service charge going forward. We’ve worked with the landlord to establish a revised budget for the forthcoming year and aim to work with the tenants on a range of areas.”
Grace Conisbee, Management Surveyor, Innes England