Consultants for Serviced Apartment Developers

Are you a landlord, property developer or landowner wondering what to do at the moment?

Have you ever thought about developing your land or renting your building as Serviced Apartments?

Geometric can help.

Advantages to Apartment Block Developers

There are many advantages as follows:

• Achieve a higher value for your apartments than normal residential values.
• Achieve a much greater income stream.
• Directors will be able to transfer their properties into profit making vehicle which will enable them to draw an income.
• The properties will have a higher end value which has the potential of taking projects that are currently in negative equity to a positive equity situation.
• Serviced Apartments can offer an alternative exit route therefore because a successful operation can be sold on the investment market.
• This gives Apartment owners an alternative exit route as well as the normal residential sales route.
• Serviced Apartment therefore could release projects that are currently viewed as 'non viable' to being viable projects subject to agreement by the bank.

Consultancy for Serviced Apartment Developments

Geometric offer a fully comprehensive consultancy service that can offer the following:

• Viability Study
  Through our experience we can assess the viability of a particular block of apartments or 'blocks' of apartments. We will look at the overall viability of a particular scheme taking into consideration for example location, size and amount of units, design and layout of the apartments, specification, planning, competition and demand.
• Funding Pack
  After taking into consideration our viability study we will prepare a full bank pack which will allow you to approach your lenders in the most professional way possible to hopefully secure agreement to change your development funding to long-term funding. Equally, this information can be used to approach new lenders to re-finance. In this pack we will produce:
• 5 Year Cash Flows for the business
• Company Structure
• Information that will show that your existing planning consent is appropriate for use
• Marketing strategy
• Projected Occupancy levels
• Comparables to other operators in the area
• Viability report
• Monthly expenditure for the operation
• Report on the proposed exit strategy
• Introduction to the Chartered Surveyors who specialise in Serviced Apartment valuations - the lenders may or may not require this

Tailored Solutions

We can tailor the above information depending on the lenders specific requirements.

The above information will be produced to provide the best possible chance of getting the lenders approval to go down the Serviced Apartment route.

Once the decision has been made by all parties to go down the 'Serviced Apartment' route we can the move on to the next phase. There are various ways to structure this:

1. Geometric Apartments are prepared to enter into a 'joint venture'. Geometric would take on full responsibility for running the operation and occupancy levels.
2. Geometric Apartments can operate on an 'agency' basis only and a booking fee commission would be chargeable on each booking.
3. Geometric would operate on an ongoing 'consultancy' basis and a set fee would be chargeable per month.
4. Geometric can offer a fully bespoke arrangement

Contact Us

If you would like further information or you would like to get in contact with us, please email .

Please note we welcome UK or international properties.