The director of Pure Block Management, Liam Parker, said: “At times, with historic buildings such as this, unavoidable works can be of significant cost.
He said a total overhaul of the roof was now needed, which would cost £700,000.
“We appreciate the impact of the cost of this work on both the residential and commercial leaseholders, and therefore works have been planned to be completed in two phases, spreading the cost over three years,” Mr Parker said.
“In order to make sure we have funds in place to begin this process and for works to start next summer, the annual service charge for all leaseholders did increase significantly in 2024.
“We expect the service charge to return to a much lower level once the roof works are completed.”
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