Case Study: Houldsworth Mill, Reddish, Stockport

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Before

  • Grade II * Listed building full
  • Low levels of maintenance
  • Poor covenant low grade occupational tenancies
  • Low service charge recovery
  • Low net rent to gross rent ratio
  • LPA Receiver appointed
  • Less than 40% occupational level

The R H Remedy

  • Mixed use regeneration scheme and upgrade
  • Grant funding and investment
  • New lettings and new occupational mix

The Present

  • Award Winning Flagship Regeneration Property
  • 70 Apartments
  • Leisure Complex
  • 60,000 sq ft Business Centre
  • 70.000 sq ft offices
  • 20,000 sq ft shopping village and craft centre
  • Planned maintenance regime of space occupied
  • 86% occupation level with over 35% by blue chip tenants
  • Rent roll increase of over 400%

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