OUTLOOK July
2008
A
monthly e-newsletter covering Industrial, Commercial & Retail Property, in
North Oxfordshire,
North Gloucestershire, South Northants and South
Warwickshire.
Published by BANKIER SLOAN CHARTERED
SURVEYORS.
Acquisitions: Sales: Lettings: Lease
Renewals: Rent Reviews: Planning: Rating: Management
Regional Property
Helplines : 01869 338866 and
01608 652888
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
The holiday
period is nearly upon us, but that doesn't mean you can stop working quite
yet! I sometimes wonder whether I wouldn't be more useful going on holiday
for a month and coming back recharged on the first of September. I know you
think I'm ahead of myself but I don't normally produce an Outlook in
August. This year I do just wonder whether it may be necessary. If July
follows the same pattern as June it will be! The last four weeks have been
very busy, we are continuing to do deals on the agency side, and although prices
are not what they were eighteen months ago on some types of premises, there are
still companies needing to move.
Landlords and tenants are
also paying more attention to existing leases. We have for example in the last
month been instructed to advise three separate tenants whose leases are coming
to an end. Landlords are clearly looking very carefully at the
obligations within existing leases, and are looking to ensure
that properties are returned in the best possible state, knowing that
only properties in good condition are going to let in the current economic
climate.
The payment of rates on
empty properties is now beginning to bite. Owners who have not budgeted for
paying, before their premises became empty are suddenly facing a
financial burden.
* * * * *
For those who are looking
for something a liitle different, let me draw your attention to a couple
of properties. At Kings Sutton near Banbury, we have been instructed
to sell 0.4 acres of hard standing, immediately adjacent to the railway. Price
£65,000. We have had these instructions for less than a week and we are already
talking to prospective purchasers. For further details please see http://www.centre-p.co.uk/Kings%20Sutton.pdf
Website
We continue
to receive many enquiries via our website, and it may interest some
that one property alone has attracted over 420 "hits" since it was uploaded
on to our website on the 1st May...and is now under offer. Two new links on our website this month, one is
our updated ABC Guide to Banbury's Industrial Estates http://www.centre-p.co.uk/ABC%20Guide-July2008.pdf,
and the second is the first in a series of sites we are planning
to post relating to professionals in the commercial property sector. Our
first is the names and addresses of solicitors we have worked
with over the last two years. See http://www.centre-p.co.uk/Solicitors.pdf . We
hope many people will find this both interesting and helpful. In September we
are planning to launch a link detailing the contacts within the banking sector
across the region. If you would like your details to be included (in a similar
format to the solicitors), and you are working for one of the major banks in the
area, please send details by email to reception@centre-p.co.uk.
Investment for
Sale, Deddington £180,000
I think this will be of
interest to a lot of readers of Outlook. The covenant we are
offering is 'The Thames Valley Police Authority'. If you would like an
email sent with the basic details please write to reception@centre-p.co.uk,
writing the words "Deddington Investment" in the SUBJECT box. You will
automatically receive by return an email with the details and two attached
photographs.
Office
allotment...yes it really exists !
Many thanks to those who
have kindly donated plants in the last twelve months. The allotment is now
looking excellent and has been providing us with some lovely cut flowers. We are
always happy to receive any donations of plants! (We are allowed some 'rest'
time !).
Moreton-in-Marsh
We are about to submit a
planning application for a 2,750 sq ft showroom on the Fosseway Business Park,
immediately adjacent to Moreton Railway Station. If you are a potential occupier
interested in this unit please do let us know, we are prepared to offer a three
or a six year lease. The unit currently has B1, B2 and B8 planning permission.
See http://www.centre-p.co.uk/Unit%202,%20Fosseway%20Business%20Park.pdf.
Rugby
To our surprise we still
have a lock-up unit in Main Road, Bilton to let. At just £7,500 per annum we
think this is excellent value in this prominent position. We do expect the
planners to be prepared to grant a take-away consent and are currently talking
with a prospective taker, but are still prepared to look at any tradional retail
use. See http://www.centre-p.co.uk/Bilton,%20Rugby%20(JAN08).pdf.
Berinsfield
Energy Efficiency Reorts - Commercial
Properties
The vast majority of
units are now within this scheme. I will be very interested to
see how tenants and owners try to implement this legislation. I am not
sure whose duty it is to police this law...someone tell me, please
!
Available
Properties
For a full list of
our Available Properties please view www.centre-p.co.uk. Do
look at our Web site...it's good, we work hard on it, and we know lots of people
find it both interesting and useful !
Banbury Retail Units
OK, now our final
challenge....to send you away on your holiday....we want you to send us a
photo taken over the next eight weeks....the theme is 'Colourful
Properties' . Please send it to reception@centre-p.co.uk and so you
understand what I have in mind, I'll start the ball rolling with the first
entry...see http://www.centre-p.co.uk/colourful%20properties.jpg. It's
a painted tin roof. I wonder have the planners upset the owners at some
time?
If I don't do an August
Outlook, enjoy the summer, we'll still be here come September !
Edited
by Ian B Sloan FRICS – 1st July 2008
BANKIER SLOAN
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