Why Join cityQuarters?
Making your properties work harder...
Introduction
cityQuarters is the new brand from LMM, who are leaders in the serviced apartments market as well as being Birmingham’s longest established serviced apartment provider. LMM is also an active member of The Association of the Serviced Apartment Providers.
cityQuarters is a fresh approach based on years of experience with nationwide coverage in all major cities.
Our good reputation is built on continuous and responsive improvement based on customer feedback and market trends.
Our Aim
Recognising a real demand for serviced apartments, cityQuarters aims to create a national network of independent serviced apartments, all benefiting from best practice, quality accreditation, unified brand presence in the market, marketing force, and leading edge technology. Our aim is:
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Achieve 7% rental yield compared with just 3% as ASTs*
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Save up to 50% of your running costs*
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Minimise property devaluation through regular maintenance
*Based on LMM's serviced apartments in Birmingham
The Market
Market Trends
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Rental yields hit a five year low in 2006 – some as low as 3%
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Apartments are increasingly standing empty in cities
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Wear and tear from traditional lettings is effecting the capital value of properties
Market Potential
- The volume of domestic business trips is expected to grow by 11% over the next three years to reach 26.8m by 2011
- The serviced accommodation industry is now seen as a real alternative to hotels and is growing rapidly
- Developments in the industry such as the introduction of quality standards - more commonly known as 'star ratings' will boost its profile further among corporate travel buyers
- cityQuarters already has a ready demand for serviced apartments across the country – a ready made market for your property
Our Packages
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cityQuarters' property management, marketing and software packages offer you a way to maximise your profits.
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The packages have been developed by LMM, a property owner and management company with more than 10 years' experience in successfully operating serviced apartments.
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Whether you're the owner or agent of apartments or currently already manage multiple serviced apartments, cityQuarters provides two options that will increase your revenues and capital values, reduce your running costs and make your life easier.
Are These Questions Relevant to You?
Own 20 or more city centre apartments that are delivering less than 7% gross return?
Interested in offering serviced apartments with the potential of a risk free return?
Managing serviced apartments, but want to do so in a more profitable way?
