Representation by Charles Simpson Rentals Limited (Charles Simpson Rentals Limited)
- Date submitted
- 19 June 2023
- Submitted by
- Members of the public/businesses
REF: TR020001 Dear Sir/Madam, We have been sent information about the proposed London Luton Airport expansion as someone who maybe entitled to make a claim for compensation. We currently own and rent out a number of mobile home properties at Woodside Residential Mobile Park Home site, Woodside, Luton. LU1 4LP. This site is occupied by elderly and in many cases vulnerable residents most of which are retirement age. The attraction of the site for many prospective renters is the country side location, which brings with it peace and tranquility. The airport expansion and near doubling of aircraft volumes will have a dramatic impact on the quality of life for our tenants. The blight that will be caused by this will have a dramatic effect on our business in terms of the rents that we can charge for our properties, both now and for many years to come. We have invested considerable money into our business over recent years to ensure that our affordable housing offering is one of the best around. Such capital investment is paid back by rental income and this expansion will have an adverse affect on the rents that we charge and therefore our return on capital. The rental income reduction could have an impact on jobs and certainly further capital investment in the site in the future. We therefore look forward to seeing your proposed compensation package for this Government backed expansion at your earliest convenience.