#vacantproperty @sitexorbis            Vacant property managementMark CoshDirector
#vacantproperty @sitexorbis                   Agenda•   Introduction to vacant property management•   Why buildings become...
#vacantproperty @sitexorbisIntroduction to vacant property management               Introduction to vacant property manage...
#vacantproperty @sitexorbisJohn
#vacantproperty @sitexorbis             Vacant Building Timeline                                        Different stages D...
#vacantproperty @sitexorbis
#vacantproperty @sitexorbisWhy buildings become vacant•   Economic challenges•   Businesses going bust – eg Lehmans, HMV, ...
#vacantproperty @sitexorbis           The risks of empty buildings• Loss of rental income• Increased insurance premiums• D...
#vacantproperty @sitexorbisClaims and compensation
Metal theft   #vacantproperty @sitexorbis
Metal theft   #vacantproperty @sitexorbis
#vacantproperty @sitexorbis                   Squatting• Change in the law making squatting a criminal offence in  residen...
#vacantproperty @sitexorbis     Squatters: experiences to date• 27% had been targeted by squatters over the past two years...
Squatting   #vacantproperty @sitexorbis
Squatting   #vacantproperty @sitexorbis
Squatting   #vacantproperty @sitexorbis
Squatting   #vacantproperty @sitexorbis
Squatting Law                    #vacantproperty @sitexorbis• Squatters are organised• Have access to lots of information•...
#vacantproperty @sitexorbis          Prevent Squatting• Prevention is better than cure• Evicting squatters from commercial...
#vacantproperty @sitexorbisSquatting: what does the future hold?• Why wasn’t squatting in commercial buildings covered by ...
#vacantproperty @sitexorbis                               Urban explorershttp://www.urbexforums.comhttp://www.28dayslater....
#vacantproperty @sitexorbis                       Urban explorershttp://www.28dayslater.co.uk/
#vacantproperty @sitexorbisManaging a building’s closure•   Conduct a risk assessment•   Remove items of value•   Inform y...
#vacantproperty @sitexorbisBefore and after fire scenarioCase Study: Car showroom
#vacantproperty @sitexorbisCase study: Property inspection
#vacantproperty @sitexorbisCase study: Property inspection
#vacantproperty @sitexorbis    Managing an empty building•   Keeping up appearances•   Regular inspections•   Security man...
Case Study: Boiler theft   #vacantproperty @sitexorbis
#vacantproperty @sitexorbisGetting a building ready for re-occupation               or demolition     • Reoccupation      ...
#vacantproperty @sitexorbisOther reasons to review security!• 12 empty properties        •   Man Guarding 24/7        •   ...
Other reasons to review!                             #vacantproperty @sitexorbis• 12 properties following review with owne...
#vacantproperty @sitexorbis                Further information• SitexOrbis has produced a white paper about the new  squat...
#vacantproperty @sitexorbisThank You  Mark Cosh  01895 465 500  mark.cosh@sitexorbis.com  www.sitexorbis.com  www.linkedin...
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Vacant Property Management Webinar

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Vacant Property Management Webinar

  1. 1. #vacantproperty @sitexorbis Vacant property managementMark CoshDirector
  2. 2. #vacantproperty @sitexorbis Agenda• Introduction to vacant property management• Why buildings become vacant• The risks of empty buildings• Managing a building’s closure• Managing an empty building• Getting a building ready for reoccupation or demolition• Conclusion, survey results and Q&A• #vacantproperty @sitexorbis
  3. 3. #vacantproperty @sitexorbisIntroduction to vacant property management Introduction to vacant property management Why buildings become vacant The risks of empty buildings Key Managing a building’s closure Section D (68%) = Security issues Managing an empty building Section E (51%) = Loss of income Section C (48%) Getting a building ready for reoccupation or demolition = Keeping properties in ready-to-let conditions Conclusion, survey results and Q&A Section G (35%) = Conduct regular visits Section A (33%) = Compliance with insurance stipulations *Total respondents = 205 BIFM- SitexOrbis Vacant property poll Autumn 2011
  4. 4. #vacantproperty @sitexorbisJohn
  5. 5. #vacantproperty @sitexorbis Vacant Building Timeline Different stages Different in the propertystrategies life cycle
  6. 6. #vacantproperty @sitexorbis
  7. 7. #vacantproperty @sitexorbisWhy buildings become vacant• Economic challenges• Businesses going bust – eg Lehmans, HMV, Woolworths• Flexible/ agile working reduces requirement for space• Changes in the way public services are delivered
  8. 8. #vacantproperty @sitexorbis The risks of empty buildings• Loss of rental income• Increased insurance premiums• Devaluing of neighbourhood• Squatters• Vandals• Theft – especially metal theft• Arson• Fly-tipping• Compensation claims
  9. 9. #vacantproperty @sitexorbisClaims and compensation
  10. 10. Metal theft #vacantproperty @sitexorbis
  11. 11. Metal theft #vacantproperty @sitexorbis
  12. 12. #vacantproperty @sitexorbis Squatting• Change in the law making squatting a criminal offence in residential building but NOT commercial buildings• Case law• England and Wales v Scotland and Northern Ireland• Targeting of commercial properties
  13. 13. #vacantproperty @sitexorbis Squatters: experiences to date• 27% had been targeted by squatters over the past two years• 30% expected an increase in squatters targeting commercial buildings• London (37%), the south-east (22%) and the Midlands (19%) are the most targeted areas by squatters• Many also expressed concern about the threat of Travellers and Gypsies on their sites
  14. 14. Squatting #vacantproperty @sitexorbis
  15. 15. Squatting #vacantproperty @sitexorbis
  16. 16. Squatting #vacantproperty @sitexorbis
  17. 17. Squatting #vacantproperty @sitexorbis
  18. 18. Squatting Law #vacantproperty @sitexorbis• Squatters are organised• Have access to lots of information• Usually understand the law and processes better than most!• Have a look at their website www.squatter.org.ukwww.squatter.org.uk
  19. 19. #vacantproperty @sitexorbis Prevent Squatting• Prevention is better than cure• Evicting squatters from commercial properties – the options • Interim possession order (IPO) • For urgent repossessions • Must be sought within 28 days of squatters arrival • Not for open land • Possession order • Claim issued against “persons unknown” • Court hearing
  20. 20. #vacantproperty @sitexorbisSquatting: what does the future hold?• Why wasn’t squatting in commercial buildings covered by the new law?• Will commercial buildings be covered in the future?
  21. 21. #vacantproperty @sitexorbis Urban explorershttp://www.urbexforums.comhttp://www.28dayslater.co.uk/forums/
  22. 22. #vacantproperty @sitexorbis Urban explorershttp://www.28dayslater.co.uk/
  23. 23. #vacantproperty @sitexorbisManaging a building’s closure• Conduct a risk assessment• Remove items of value• Inform your insurer and the Fire Service• Inspect the property regularly• Secure the premises: • Perimeter protection • Physical security • Electronic security systems • Manned guarding • Lighting arrangements • Alert the neighbours
  24. 24. #vacantproperty @sitexorbisBefore and after fire scenarioCase Study: Car showroom
  25. 25. #vacantproperty @sitexorbisCase study: Property inspection
  26. 26. #vacantproperty @sitexorbisCase study: Property inspection
  27. 27. #vacantproperty @sitexorbis Managing an empty building• Keeping up appearances• Regular inspections• Security management• Temporary use of empty buildings• Empty property tax rates• Managing empty listed buildings
  28. 28. Case Study: Boiler theft #vacantproperty @sitexorbis
  29. 29. #vacantproperty @sitexorbisGetting a building ready for re-occupation or demolition • Reoccupation • Clean and refurbish • Reconnect the utilities • Inform your insurer and the Fire Service • Adjust security • Conduct a risk assessment • Demolition • Site check • Recycle high-value items • Disconnect the utilities • Protect wildlife
  30. 30. #vacantproperty @sitexorbisOther reasons to review security!• 12 empty properties • Man Guarding 24/7 • Some fencing • Inspections carried out by guard • Buildings boarded • Several break-ins, metal stolenAnnualised cost of security all sites £ 2.1 Million
  31. 31. Other reasons to review! #vacantproperty @sitexorbis• 12 properties following review with owner and insurer • Man Guarding reduced to 12 hours a day and reviewed on some buildings • Wireless video alarms 24/7 • Full fencing introduced around the compounds • Boards replaced with steel • Bollards placed at key entrances • Independent weekly survey with professional inspectors • All sites cleared to remove fire hazards • Empty site pits filled and cappedAnnualised cost of security of all sites £ 546.236
  32. 32. #vacantproperty @sitexorbis Further information• SitexOrbis has produced a white paper about the new squatting legislation and the impact on commercial property owners and managers. Visit www.sitexorbis.com/webinar• SitexOrbis, together with the British Institute of Facilities Management, has published a Good Practice Guide to Managing Vacant Property. Visit www.sitexorbis.com/webinar• The BSIA has produced a free guide to tackling metal theft. Visit www.bsia.co.uk/home/metal-theft-guide• The Valuation Office Agency has in-depth information about the valuation of vacant property and Empty Property Tax relief at www.voa.gov.uk
  33. 33. #vacantproperty @sitexorbisThank You Mark Cosh 01895 465 500 mark.cosh@sitexorbis.com www.sitexorbis.com www.linkedin.com/company/sitexorbis-limited www.twitter.com/sitexorbis www.facebook.com/sitexorbisltd One call does it all – 0800 083 0850

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