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.
Regional Property
Helplines: 01869 338866 and
01608 652888
Acquisitions: Sales:
Lettings: Lease Renewals: Rent Reviews: Planning: Rating:
Management
Warkworth, Nr Banbury:
We have instructions to market this basic workshop
with a fenced yard very close to Junction 11 of the M40 at
Banbury. At £8,500 per annum we think this is excellent
value and should be of interest to local companies. See http://www.centre-p.co.uk/Walkworth,%20Nr%20Banbury.pdf
Letting Thorpe Way, RS Fabrications:
We are pleased to report the letting of further
premises to RS Fabrications. The company have taken on an adjacent unit
which we have been marketing on behalf of long established clients. A new
three year lease was signed from 1st April.
Bodicote letting of warehouse:
As predicted last month we completed the letting of
this 2,400 sq ft unit to a local company who are now using it for warehouse
purposes. A three year lease was entered in to with the tenant being
responsible only for the internal decoration of the premises.
Rateable Values April 2010:
Many occupiers and freeholders we are sure will be
amazed, and horrified at the rateable values placed on premises when the new
valuation list is first published in October of this year. Due to come into
effect on 1st April 2010 the list should, and I'm sure will, reflect the
Market Value of premises as at the 1st April 2008. In many cases but not in
all, values have fallen since the April 2008 and therefore we will have a very
unusual situation of rateable values being higher than the Market Value of the
premises when the new list is implemented. Some form of transitional relief
will no doubt be brought in, but unless central government come up with a
very special scheme I can see the Valuation Office being overwhelmed with
appeals. In many cases the rateable values will nevertheless be lower than the
2005 list. The reason for flagging this up now is that I am sure we will
see the reappearance of companies who will promise you a
reduction in your rateable value in exchange for a high percentage of
savings at some future date. Please remember BANKIER SLOAN (along
with other Chartered Surveyors) can provide you with good quality
professional advice on rating issues.
Loo seat / Health and Safety:
I was both amused and surprised when I asked
an out-going tenant why they had removed the loo seat (which they had fitted
new when they moved in, replacing an existing one!) only to be told that they
had removed it on 'Health and Safety' grounds because they were sure the next
tenant would not want it!
Empty Rates : We
really hope you have taken our advice http://www.centre-p.co.uk/The%20payment%20of%20Rates%20on%20Empty%20Properties.pdf it
works, it's easy and it's legal! I do however have an interesting
problem, and I need your help. Outgoing tenants left a property last
autumn and claimed void rates up until the lease which terminated on 1st March
2009. The council are now saying they are unable to give my clients further
rates relief because of this. They say the outgoing tenants told them they
were out on 1st September 2008...but we know that's not true. Can we pursue
the outgoing tenant for misleading the council, or the council for not
checking !? In this case we are only talking about £600+,
but I can see this re-occuring in many locations. Until now we hadn't
paid much attention as the rent was paid until the end of the lease and
all other obligations where met. All comments welcome reception@centre-p.co.uk .
Emscote
Road, Warwick: After a slow start, we have
generated good interest in this vehicle yard with workshop and offices and I
hope in the next month we can agree terms with a prospective tenant. We
are organising viewings at least once a week at the present time, and would be
happy to show you round. See http://www.centre-p.co.uk/Warwick.pdf
Any rental evidence in George Street, Oxford ?
I act on behalf of clients who have two adjacent
properties in George
Street, Oxford -
both with lease renewals in late summer. I would be interested to hear
from any agents or occupiers with evidence so that when I enter negotiations
with the landlords I know roughly what I am talking about. It will
surprise nobody who know the area well that I am up against Oxford City
Council. reception@centre-p.co.uk
Rural workshops: We
do have a variety of rural workshops available across the region, including
Rugby, Moreton-in-Marsh, Fenny Compton, Wardington, as well
as Wendlebury and Poundon, both near Bicester, so please whatever your
needs either call our Property line on 01869 338866 or view or web site at http://www.centre-p.co.uk/availableproperties.htm .
Interest in yards at Thorpe Way & Aynho:
We have now instructed solicitors in connection
with the potential letting of our clients yard on the corner of Thorpe
Way/Thorpe Mead Banbury, see http://www.centre-p.co.uk/Haulage%20Yard,%20Banbury.pdf
and in the last week have also shown two parties round the secured yards we
are offering at Aynho, between Banbury and Bicester, see http://www.centre-p.co.uk/pdfs/Yard%20at%20Aynho.pdf .
We can offer secure yards from 5,000 sq ft (£100 a week) up to an acre. We
will fence accommodation to meet prospective tenants requirements.
Woodford Halse unit:
Why has no one shown any serious interest in this
unit yet ? http://www.centre-p.co.uk/WoodfordHalse.pdf .
It is in the old part of the village, detached with its own parking, in a
prominent location and would be ideal either as a workshop or as an office. I
am sure the local planning authority would grant the necessary consent so that
it could be used by an accountant, architect, etc.
Sugarswell Business
Park, Shenington: Every
time I visit this site I think how beautiful it is. I helped obtain
planning ten years ago and still remember it as a traditional farm, with
fantastic potential. It is now, as the local paper said in 2007, "...
unquestionably the finest rural development in the region...". At the present
time there are potentially two offices available, 750 sq ft and 1,500 sq
ft, two adjacent workshops and a superb new 6,600 sq ft factory
unit.
Duplicate copies of
OUTLOOK: As we continue to add hundreds
of names per year to our e-mailing list we know that on occasions we do
duplicate names, and we are sorry to inconvenience you if you do receive
multiple copies. If this does happen please "reply" to all but
the
first copy
you receive, writing the words EXTRA COPY in the SUBJECT box,
and our computer will delete you from the extra listings. If you receive
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listing again press "reply" and just write "please remove" in the subject
box and you will automatically be removed from future mailings.
Edited by Ian B Sloan FRICS – 6th May 2009
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