When family run property business, Oakes Luxury Homes, took on its first leasehold development, it called upon the experience and advice of expert managing agent, Residential Management Group (RMG: www.rmgltd.co.uk; tel: 0845 002 4310), to negotiate the intricacies of lease structure, insurance and property law.
With more than 60 years’ experience in building high-end freehold houses, Oakes Luxury Homes specialises in the restoration of historic property and was granted a long lease of the period buildings fronting the British Film Institute’s archive unit in Berkhampstead.
The resulting development, known as Archive Mews, features nine leasehold Grade II listed period homes consisting of three houses within the original 17th century Ernest Lindgren House, two barn conversions and four cottages.
Property developer Becki Oakes said: “This was an unusual development for us since we had never taken on a leasehold managed project before. However, RMG was recommended to us by estate agent, Julian Coxall, early on in the process and proved invaluable at providing us with all the necessary advice and information we needed to ensure the project ran smoothly.”
All nine properties at Archive Mews have now been sold on a leasehold basis. The photogenic development features a shared driveway entrance, communal parking areas, landscaped gardens and lighting, all of which are now under the management of RMG’s office in Hoddesdon, Hertfordshire.
David Pullin, Business Development Manager at RMG, comments: “We work with developers through every phase of a project from the initial drawings, planning applications and completion of the build, through budgeting of service charges to the last purchaser moving in.
We recognise that we represent the developer and so during the construction stages we work in partnership to manage the relationship with residents and resolve issues to ensure that their new property is a home.”
Passionate about being the best in the business, RMG continues to campaign for increased regulation for the property management sector, in a bid to eradicate unscrupulous operators and to engender a more positive reputation for the industry.