Making the leap from residential to commercial property management might sound simple but without appropriate training and access to specialist advice, managing a commercial portfolio particularly one which includes mixed use units can be time consuming and potentially overwhelming. We specialise in working with housing associations wishing to outsource the management of their commercial property portfolios. Our team combine a thorough understanding of the operational, financial and compliance requirements of commercial property management with an acute awareness of the importance of delivering this in a way that supports the social housing sector’s principles as community based, ethical and social business.
A professionally managed commercial portfolio can provide a very profitable boost to a housing association's funds. However, the laws and regulations surrounding commercial property are complex and must be viewed alongside commercial property leases which can also be challenging to interpret. Given the value of some commercial property assets, what might seem a small oversight like missing the deadline for a rent review or a break clause can prove to be very costly.
Outsourcing the management of commercial property portfolio to ASA Chartered Surveyors frees up registered providers' valuable time and personnel resources. This enables housing association staff to focus on strategic decisions and concentrate on delivery of their core social housing business whilst we make sure the returns on their commercial assets are maximised via a comprehensive management service including stock audits, rent collection, service charge administration, licence for alterations / works, lease renewals and rent reviews.
Our clients find this consultancy arrangement to be be highly cost effective, particularly as it is usual practice for the cost of providing day to day management of commercial assets to be directly recoverable from the commercial tenants themselves via service charge provisions contained in their lease(s).
Our flexible commercial property management service helps housing associations make the most of their commercial property investment. Whether you require one or two hours’ commercial property advice or have multiple commercial units requiring ongoing annual consultancy, we have the specialist commercial expertise and social housing sector experience needed to provide you with the advice, guidance and assistance of a chartered surveyor whenever you need it.
"ASA Chartered Surveyors have provided our commercial property management service for many years and whilst working on an external consultancy basis, the accessibility to their specialist expertise makes them both highly cost effective and a valuable part of the team."
Director of Corporate Services
Family Mosaic Housing