Airspace.Arlington Rowe specialise in developing airspace above properties into contemporary new homes which blend seamlessly within the existing architecture.
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Benefits for Freeholders
Creating ValueA financial benefit for a Freeholder is that they can realise additional capital value from their asset through the sale of the air rights. This can be achieved by selling the airspace above their existing building or alternatively offering a lease for the development rights, subject to any relevant planning consents.
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Ground RentThe Freeholder benefits from additional ground rent from the new homes.
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Benefits for Leaseholders
Communal UpgradesAs part of the development works we typically refurbish and refresh the appearance of the communal areas to a new build standard, and ensure they comply with modern standards. Offsite construction techniques can keep time on site to a minimum.
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Exterior ImprovementOur works also improve the facade of the building which may include replacing existing windows and doors. This will dramatically improve the energy efficiency of your homes in addition to improving the appearance.
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Lower Service ChargeDeveloping the airspace naturally means your building enjoys the benefits of a new roof. Modern roofs are designed to last longer with less maintenance, so your service charge will reduce over time. Your share of the service charge is likely to fall in proportion.
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Increased Value of Existing FlatsA communal area refresh, exterior improvement and lower service charge will all add value to your apartments. Additionally, the new penthouse apartments will be well specified and will command a premium, pushing up the comparable values of the building.
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Recent Projects
South Woodford, E18
Airspace development of 11 new apartments above a 5 storey residential building - nearing completion.
Balham, SW12
Airspace development of luxury apartments in Balham, London - completed & sold