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  • Moorcroft News and Views

    News, views and updates from Moorcroft Property Guardians.

The True Cost of Vacant Property

For the owners of vacant property, there is a real concern over the costs of providing adequate security whilst the site is empty.

Insurance compliance requirement can be onerous and the decision as to which type of security to implement is not an easy one.

We are acutely aware of the need to minimise these holding costs of empty properties whilst ensuring that capital value is protected.

To demonstrate the cost saving benefits of placing Property Guardians into a property, we have produced a costed example based on a property we have been involved with.

As part of the decision making process, alternative quotes were obtained for providing either manned guards or boarding the property and these have been analysed against the actual costs for providing Property Guardians at the site.

Highlights in this case are as follows:

  • The use of Property Guardians at this property will have saved over £7,000 per annum in otherwise increased vacant property insurance
  • Boarding and securing the property would have cost more than 3 times the occupation costs of guardians and manned guards would have been 8 times more expensive
  • The Capital value and condition of the building is maintained

We are happy to share our figures with you and would welcome the opportunity to discuss any specific properties to see how we can reduce your holding costs whilst protecting Capital Value. Please click here if you would like more information