Level 2 - Bath Letting

Question 1

Can you tell me about the property & instruction?

Answer 1

Instructed to dispose of LH of 3 units within a period property in bath
One unit was a large top floor (10,000 sq ft)
Two other units were smaller, fitted accommodation (1,500 - 4,000 sq ft each)
Good specification

Question 2

What did you include in your interest tracker?

Answer 2

I noted any market requirements that fit the description of the property
I noted recent major deals within the bath market that would be comparable

Question 3

Can you give me an example of a requirement that would make it on to the tracker?

Answer 3

a 1,500 - 4,000 sq ft requirement for bath city centre
interest from online visits

Question 4

What if there were no updates?

Answer 4

I would ask my client if they wanted to hold the meeting
I would provide a brief update on the market, via email or call, including notable deals in bristol and bath or wider economic property / occupier news relevant to the south west and the property

Question 5

Would you have the meeting on a monthly basis all the time?

Answer 5

I considered the business schedules of my client and colleagues
I would be flexible with the meeting, rearranging if conflicts
If particularly busy, I would offer an email update or quick phone call
It was set on a monthly basis on a Thursday at 3pm

Question 6

Why did you include these stakeholders?

Answer 6

The Asset managers were in charge of the property so a key stakeholder to inform of its progress
Joint agents to share insights in market and any direct requirements received

Question 7

Did you lease the unit?

Answer 7

They are still on the market

Question 8

Do C&W have any feedback procedures?

Answer 8

We can send out surveys to understand What went well and improved upon
We may look for informal feedback during a call or in person meeting