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Developers in Rugeley
Rugeley stock that is not earning.
An empty Rugeley 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
The three arrangements.
Unsold & Slow-Moving Units
We become the tenant on completed stock and pay monthly while you carry on marketing it, with an agreed notice period to get it back. How this works →
Site Team Accommodation
Site team accommodation arranged and managed, so your people are housed together and the paperwork arrives monthly. 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 →
Rugeley
How the figure is reached
The rent sits below the best a unit might achieve in a strong month, and it should. What you are buying is certainty and the removal of void risk, and that carries a price on both sides of the deal.
Rugeley
What to expect once it starts
If units are needed back for a sale, the break provisions agreed at the start are what govern. Give the notice that was agreed and we plan around it.
Rugeley
Who gets the most from it
It works for owners who are some distance away, because nothing about it requires them to be nearby.
Rugeley
Certificates, licensing and insurance
An electrical installation condition report has a life. So does a gas certificate. Both get diarised rather than remembered.
Rugeley
The limits, stated up front
We do not market a property an owner has asked us to keep private. Confidentiality is not a premium service.
Rugeley
Where to start
There is no obligation at any stage before signature, and that is said plainly rather than buried.
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. The bigger the scheme, the more structure it needs around it. We would ask for the same in your position.
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
What developers want to know about Rugeley.
Still not sure? Ask us about your property and we'll answer for your specific situation.
Do you actually pay if a Rugeley 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 Rugeley 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 Rugeley 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.