Long Term Leases between a Local Authority and a Residential Building Owner are attractive for Local Authority and Owner. The Owner receives 80%/85% of market rent for a 10-20 year period with less onerous maintenance responsibility than for other lease schemes (only required to maintain the fabric of the building).
Knowing the rent levels in the local market and how to deliver to a target cost is essential to achieve returns. Some sites are more suited to this type of development than others.
Our financial model linked below allows evaluation of a range of assumptions on overall return for Owner and benefit for Local Authority. Contact me to find out more.
Long Term Lease Model
Keogh Consulting looks to help individuals and organisations deliver the right projects the right way. Here is some of our knowledge and a few case studies that we hope will help you on your project journey.
Project Cost Calculator & Database
Cost Rental Simple Model
Cost Rental Complex Model