Challenge

Secure and occupy a run down Victorian warehouse in a “tucked away” central London location

Bring the building “back to life” and make it safe for property guardian occupation

Remove the risk of squatters

Remove security guarding costs

Remove empty rates liability

Remove maintenance and management costs

Provide access to surveyors, contractors etc

Action

PGP carried out a full clean up, health and safety and maintenance overhaul of the property to bring it up to standards required for guardian occupation.

This included roof repairs, drainage, installation of kitchen and bathroom facilities, stripping out and making good various parts of the building. The fire alarm system was upgraded to make it compliant.

Guardians

We selected 10 guardians for the building from our property guardian community .All of our guardians are professional people over the age of 23 and have previously been guardians at other properties.

The guardians at the warehouse include a software developer, film maker, taxidermist, artist and photographer. They all work at different times which creates a 24/7 presence at the property.

 

 

Result

The property has been secured by occupation by Property Guardian Protection

The owners are saving security costs of £10,000 per month

Business rates liability of £84,000 per annum has been reduced to £3,124.70 in council tax whilst property guardians are in occupation