Industrial Estate Management
Multi-let industrial is a service charge business as much as a property business. Get the estate charge, the yard and the roofs right and the asset performs; get them wrong and you spend the year arguing about apportionments.
Talk about your estate
Tell us the number of units and total floor area and we'll come back with a management proposal.
What we run on an industrial estate
- Estate service charge budgets, on-account demands and year-end reconciliation to the RICS professional statement
- Yard, road, drainage, lighting and boundary maintenance planning
- Roof and cladding condition monitoring — the single largest capital risk on most estates
- Rent and service charge collection, arrears escalation and lease event diary
- Contractor procurement, RAMS checks and site safety compliance
- Rent reviews, lease renewals and dilapidations coordinated with your surveyors
The RICS service charge standard
The RICS professional statement on service charges in commercial property sets mandatory requirements: budgets issued at least a month before the year starts, reconciled accounts within four months of year end, and no recovery of costs relating to void units beyond the landlord's fair share.
Occupiers on industrial estates challenge apportionment more than any other asset class, usually because the split was inherited and never re-based. We re-base apportionments on floor area or benefit received and publish the basis to every tenant.
Reporting for asset managers
- Monthly arrears and collection report with ageing
- Rolling lease event calendar — breaks, expiries, reviews
- Capital expenditure tracker against the PPM schedule
- Compliance dashboard: FRA, asbestos, electrical, water hygiene, lifting equipment
Frequently asked questions
Do you manage single-let industrial as well as multi-let?
Yes. Single-let FRI assets need much lighter management — lease event monitoring, compliance oversight and inspections — and we price them accordingly rather than charging a multi-let fee.
How is the estate service charge apportioned?
Usually by floor area, sometimes by benefit received where a cost only serves part of the estate. We publish the apportionment schedule with the budget so tenants can see the basis.
Can you take over mid-year from another agent?
Yes. We take the budget, the ledger and the year-to-date expenditure across, reconcile to the handover date and issue a clean reconciliation at year end.