Our core services are commercial property investment, asset management and property management for corporate / private clients together with private equity investment syndicates. We provide a full professional service and constantly seek opportunities to maximise rental and capital values / minimise costs through:-
- · Acquiring commercial property both on and off market
- · Sydnicate advice & debt finance
- · Arranging beneficial finance and interest rate hedging for private clients
- · Taking advantage of tax breaks such as capital allowances and industrial building allowances
- · Negotiating lease surrenders / extending lease terms
- · Securing removal of tenant breaks
- · Arranging refurbishments and relettings
- · Arranging extensions and redevelopment
- · Securing changes of use-Negotiating rent reviews / lease renewals
- · Arranging on and off market disposals to maximise sales proceeds
We currently manage a varied portfolio of approximately 112 properties and over 600 tenants with a rental income of £24,500,000 pa. The properties under management range from prime to tertiary in all main user categories throughout the UK. In addition to standard property management services such as prompt collection of rents, regular property inspections and arranging building insurances we pay interest and capital loan repayments on behalf of clients, deal with VAT returns and company tax returns.
Where required we bring in individuals or a team from our trusted network of advisors including; solicitors, FSA approved independent financial consultants, accountants, specialist letting agents, architects/building surveyors, tax advisors, fire / health and safety consultants, facility managers and planning consultants to ensure that the client has the best possible advice to maximize investment returns.
Egan Property Asset Management have sold 44-46 Sekforde Street, EC1 on behalf of private clients. The property sold in May 2015 in excess of the £6m asking price. There was a planning consent in place for an additional floor of 900 sq ft to be added to the existing 6,618 sq ft of office accommodation over LG, G and 3 upper floors.
Egan Property Asset Management sold 17-18 Hayward’s Place, EC1 on behalf of private clients for £8.5m reflecting a net initial yield of 3.98% in November 2014. We purchased the property in October 2008 for £2.7m and subsequently agreed a lease surrender with the long leaseholder to become the competent landlord to the subtenants. We refurbished the property for £500k, re geared leases with existing tenants or re let, obtained planning consent for a penthouse apartment, agreed a reciprocal rights of light agreement and purchased a right of way of the neighbouring land. We achieved record rents on the refurbished offices.
Egan Property Asset Management sold 1 Old Park Lane on behalf of private clients.
Egan Property Asset Management sold 1 Old Park Lane on behalf of private clients for £3.5m reflecting a net initial yield of 2.8% in November 2013. We purchased the property in July 2010 for £2.76m subsequently completed a lease regear and rent review with the tenant, The Hard Rock Cafe.