Home/Developers/East of England/Ely
Developers in Ely
Ely stock that is not earning.
An empty Ely unit still costs finance, council tax and service charge every month it stands there. We take it on a company let and pay a fixed monthly rent instead.
Three Ways We Work
Three things we do.
Unsold & Slow-Moving Units
A finished unit that has not sold earns a fixed monthly sum instead of a council tax bill, and comes back to you when a buyer appears. How this works →
Site Team Accommodation
Whole properties near site for the crew, cleaned and serviced, instead of a scatter of travel hotels and loose receipts. How this works →
Whole Block or Phase
A phase let as one thing to one counterparty, with the void risk sitting on our side of the line. How this works →
Ely
How the figure is reached
Whatever is agreed gets written down before either side commits, including what happens if it stops working. A rent with no agreed exit is not a better deal, it is an argument scheduled for later.
Ely
What to expect once it starts
Handover runs off a schedule of condition with photographs, agreed by both sides on the day. It is the document that settles every argument about wear and tear before there is one.
Ely
Where this fits, and where it doesn't
Where a property is genuinely unsuitable, saying so early costs one conversation. Saying so late costs both sides money.
Ely
The compliance side
An electrical installation condition report has a life. So does a gas certificate. Both get diarised rather than remembered.
Ely
What we won't do
We do not lock owners into terms they have not read. If somebody wants a week to have the agreement looked over, they should take it.
Ely
How to begin
An owner with several properties should say so early — it usually simplifies things rather than complicating them.
Coverage
Close to Ely
Straight Answers
What you should check first.
Our size is the first thing you should test. Two properties, no scheme history, and a covenant you are entitled to examine before any of this becomes a plan. Company No. 16187542, and we will hand over what you need to check it properly. On anything larger than a handful of units, expect a rent deposit, a guarantee or a shorter first term to be part of the conversation.
Nothing on this page is a valuation, a financial promotion or investment advice. Terms are specific to the scheme in front of us and are agreed in writing before either side commits.
Your Questions
Ely: the practical questions.
Still not sure? Ask us about your property and we'll answer for your specific situation.
Do you actually pay if an Ely unit sits empty?
Yes. The rent is a fixed monthly sum under the agreement, payable whether or not anyone is staying in the property. The void risk moves to us, which is why the figure sits below the best a unit might achieve in a strong month.
Can we keep marketing the Ely units for sale?
Yes, and most developers do. A break clause lets you recover vacant possession on an agreed notice period once you have a buyer, and viewings are arranged with reasonable notice.
Is this an AST?
No. It is a company let: Maine Property Solutions Ltd becomes the tenant and carries the rent obligation. Your solicitor should read the agreement before you sign it, and we would expect them to.
How many Ely units would you take?
A single unit is straightforward. A whole block is a bigger step and will get a more cautious answer, because we are a small company - we would rather say that on the first call than three weeks into your programme.
Who are you?
Maine Property Solutions Ltd, Companies House number 16187542, registered office Office 1, Izabella House, 24-26 Regent Place, Birmingham B1 3NJ.