Happy Easter !

OUTLOOK APRIL 2007

An e-newsletter covering Industrial, Commercial & Retail Property, in North Oxfordshire, North Gloucestershire, South Northants and South Warwickshire. 

Published by BANKIER SLOAN CHARTERED SURVEYORS.

REGIONAL PROPERTY HELP LINE: 01869 338866

Acquisitions: Sales: Lettings: Lease Renewals: Rent Reviews: Planning: Rating: Management  (25)

Please "forward" to any friends or colleagues you think may be interested and hopefully they will reply directly to us saying "YES PLEASE" and we'll add them to our register. Our e-mail address is reception@centre-p.co.uk

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Building Plot,  Bloxham.  Is this of interest to you?  Subject to planning permission we think this would be ideal for a retail unit with a flat above, a 3 bedroom house...or an office. See full details at http://www.centre-p.co.uk/pdfs/Bloxham.pdf. Asking price only £85,000.

Children's Nursery.  I am involved in a rent review on a Children's Nursery that was formally residential property and is therefore a series of inter-connecting rooms, as opposed to being a modern purpose-built unit.  I would be interested to hear from anyone who has been involved in a similar property as to the relative value of this space compared with possibly an office of a similar nature.

New Retail Premises, Banbury.  We now have instructions to offer six brand new A1/A2 and B1(a) units on the Market Quarter residential development which is on the point of being completed by our clients, Barteak Developments.  Located immediately adjacent to Banbury Station, these six units have been constructed in order to provide neighbourhood shopping/office facilities for this development and the adjacent Kings Oak scheme which combined total over 400 new residential premises.  If you are interested in some basic details at this stage of these units, which range in size from 530 sq ft to 672 sq ft, please e-mail reception@centre-p.co.uk writing Market Quarter in the Subject Box (sorry they are not on the web yet, my webmaster is on holiday!)

Cookery School. We have instructions to rent a fully fitted cookery school in North Oxfordshire which has been used for teaching school children in recent times.  See http://www.centre-p.co.uk/pdfs/Apples%20-%20Wardington1.pdf

Yard, Aynho. Only one yard is now available at a rent of £80 per week.  Ideal for a local haulage contractor or similar.  See http://www.centre-p.co.uk/pdfs/Yard%20at%20Aynho.pdf

Rural Business...?   I'm having a 'discussion' with a local planning authority on behalf of a client on the question of whether they run a business!  It's like this...there is a large well established rural industrial estate creating no problems ....the Local Plan says it will not support the development of new buildings in such locations, except in the case of an existing rural business which needs to expand, and can prove it cannot sensibly relocate to a traditional industrial estate....well that's fine by me...my clients own the estate..the running of the estate IS their business, the Local Plan doesn't say just because they own the estate they must be ignored....any help/guidance would be much appreciated !

Fosseway Business Park, Moreton-in-Marsh.  In the last month we've let one unit and have just one remaining at £13,000 pa. It totals just under 2,000 sq ft and would be ideal for an antiques related business such as a restorer, upholsterer..etc.  Full details are available at http://www.centre-p.co.uk/Moreton-in-Marsh(workshops).pdf

Retail Unit, Banbury. Within 100 metres of the High Street (Calthorpe Street).  Now being marketing for the first time . Ground floor 1,600 sq ft located between Iceland and Pizza Hut.  New lease.  Excellent refurbished unit  £35,000 pa.  For full details please e-mail reception@centre-p.co.uk

Under Offer:   45 South Bar, Banbury  and 11 High Street, Banbury have both gone 'under offer' in the last week. Full details can be seen via our web site www.centre-p.co.uk and then click on AVAILABLE PROPERTIES.  Whatever you're looking for this is a good starting point...click on the photo of the property you're interested in and the full details should appear (if they don't please let us know!). Please e-mail your requirements to reception@centre-p.co.uk

Information Sheets  If you're interested in leasing property we would advise you to look at  www.centre-p.co.uk/leasingmain.htm . Also we have an information sheet we send to those undertaking a move. If you wish to receive a copy please e-mail reception@centre-p.co.uk writing RELOCATION in the SUBJECT Box, and this will be forwarded to you.

Void Rates on Empty Industrial Premises are coming to an end!  Yes the Budget has announced this change as from April 2008 !  After 6 months empty you will pay full rates on empty industrial premises..and after 3 months you will now pay full rates on shops and offices.  There are some full reports on a variety of web sites which you may be interested in reading. Here is just one: http://www.rics.org/AboutRICS/RICSstructureandgovernance/RICSpolicy/RICSviewemptypropertyraterelief.htm

Property Requirement :  We still have two major enquiries out at the present time, one being for a new showroom in the Rugby area. We would like this to be on one of the industrial estates or in a good location within a couple of miles of the town centre. We would prefer freehold, but all lease proposals will be carefully considered. We are looking for a unit between 2,000 / 4,000 sq ft.

Moving south and to the west, covering an area which includes the south side of Rugby, Leamington Spa, Stratford upon Avon, down to Moreton-in-Marsh and Shipston-on-Stour,  we were instructed last month to acquire workshop premises of between 2,500 / 4,000 sq ft which could be used for B2 (engineering) purposes. In addition to the workshop we need a small outside secure area where we can park a lorry over night and up to six cars. This is an immediate requirement and cash is available. If you are working in this general area and would like more details of either of these requirements please send to reception@centre-p.co.uk, just writing the words “property requirements” in the subject box and we will send you more details.

Sale of the Freehold at Upper Heyford:  This very small freehold property is still sitting on our books…the asking price is now only £155,000.  See http://www.centre-p.co.uk/pdfs/Upper%20Heyford.pdf

A2 Planning Permission – Stow on the Wold :   Fancy an estate agency/insurance office in Stow?  We have on behalf of clients organised the submission of a planning application on a property at 1, The Square the former Ella Craft retail unit.  A new lease is available at £12,000 pa  or you can still rent it as a shop!

Northampton workshop 18,000 sq ft  Available from April.  See details www.centre-p.co.uk/availableproperties.htm for two pretty pictures...oh, and some basic details.  Westgate Industrial Estate . £4.75 / sq ft. per annum.

BANKIER SLOAN

Edited by Ian B Sloan FRICS - 3rd April 2007

The longest established Chartered Surveyors in the region dealing exclusively with Industrial, Commercial & Retail Property. North Oxfordshire, North Gloucestershire, South Northants and South Warwickshire.

Deddington 01869 338866 Brackley 01280 700756

Moreton-in-Marsh 01608 652888 Coventry 02476 545556