OUTLOO   October 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

Letting of Yard of Open Storage - Thorpe Way, Banbury:  We are pleased to have arranged the letting of the smaller of the two yards at this location http://www.centre-p.co.uk/Open%20Storage-Thorpe%20Way,%20Banbury.pdf . this has been let for a three year term commencing 1st October.  We also have under offer a larger yard http://www.centre-p.co.uk/Haulage%20Yard,%20Banbury.pdf at £25,000 per annum and we expect the new tenants to move in before 1st November.
 
Payment of Fees: The prompt payment of fees in the current economic climate is much appreciated. We have been lucky enough to work for a large number of clients over the twenty four years that Bankier Sloan has been in existance and in the vast majority of cases the payment of fees has never been an issue. In the current climate payment of fees on completion of a job is much appreciated by this practice, and I am sure this is a view that will be reflected by all professionals involved in this sector whether they be surveyors or solicitors. The goodwill that clients will generate by paying promptly will always far outway the interest they might earn by retaining the money for a few more days!
 
Energy Performance Certificates:  For the vast majority of industrial properties we market I do not believe an Energy Performance Certificate (EPC) is needed..    I urge all those involved in marketing industrial property to look vary carefully at the legislation. Do not to take for granted the information that is being widley distributed by many companies and individuals who are seeking work in this sector. If you are interested in our information sheet on this please e-mail - reception@centre-p.co.uk writing the words 'Energy Certificates' in the subject box and we will provide you with extracts from the relevant legislation which I believe will show that for a standard warehouse or industrial unit, however large you do not need to provide an Energy Perforamnce Certificate. We have received confirmation from the Trading Standard Authority that our view on this is correct. !
 
Planning Permission, Wendlebury: We are pleased to have seen through a planning application on our clients site at Elm Farm, Wendlebury. We submitted the application approximately ten weeks ago and obtained planning in line with the recommended 8 week period. We will shortly be offering To Let small industrial units from 800 sq ft up to 3,000 sq ft. If you are interested or want further information please contact our Deddington office on 01869 338866.
 
Schedules of Dilapidation:  I have noticed with interest the increasing number of schedules being prepared by surveyors as leases come to an end, mainly on industrial properties. Over the years I have seen very few formal Schedules of Dilapidations being served on tenants at the end of leases, this is I believe mainly because landlords have in the past always been confident that they will re-let a property at a reasonable rent and have probably paid too little attention to the small print of the lease and may not necessarily have "thrown the book" at a tenant.  It is however an increasing practice for landlords to do, particularly if they believe it might be difficult to let the property, and also if the property is not in a fit state many are taking the view that they will be able to delay the introduction of void rates while they carry out such work, and of course claim rent during that period. If you are a tenant or a landlord needing advice on this matter please do not hesitate to contact our office and ask for Ian Sloan. 
 
Aynho  Workshop  :  I'm fed up of marketing this....it's now fantastic....new floor, new roller door and at only £6,500pa surely the best small workshop in the whole world (!),   presently available on lease...in Aynho see http://www.centre-p.co.uk/AynhoSEP08.pdf
 
Thorpe Mead Accommodation  Now if you don't want Aynho have a look at this...great quality workshops with officies on one on Banbury's main industrial estates. See http://www.centre-p.co.uk/Thorpe%20Mead2.pdf . Talking of workshops if you phone our Coventry number 02476 54-55-56 you could ask for details of the workshops we are starting to market at Heath Business Park Wolston. Or you could just click http://www.centre-p.co.uk/Heath%20Park,%20Wolston.pdf 
 
Payment of Emtpy Rates:  The greatest response I received from last month's OUTLOOK was for our briefing paper on how to avoid the payment of rates on empty properties and this is, of course, still available to anyone who missed the opportunity last time round.  If you want this to be e-mailed to you please e-mail reception@centre-p.co.uk, writing 'Empty Rates' in the Subject box and our information sheet will forwarded. For those who did receive it, and wondered what other responses we have received, the most interesting was from one local authority... I have set out below their comments;
 
      Dear Mr Sloan
 
    We have read your notes and would have to state that interpretation of the law is actually a matter for the
    Courts. However, it is our understanding that what you have stated is correct.  On a quarterly basis, the
    Council is obligied to submit to DCLG a return telling them measures that are being taken by ratepayers
    to limit their liability.  It is possible that if this method become prevalent, the Government may take action.
 
Substantial Office/Industrial Requirement: We are undertaking a major search on behalf of long established clients who are now seeking approximately 10,000 sq ft to 12,000 sq ft of office accommodation and up to 20,000 sq ft of industrial accommodation, details are on the attached link. http://www.centre-p.co.uk/PROPERTY%20REQUIREMENTS.pdf  .
 
Poundon, Nr Bicester - Industrial Premises:  We were delighted to receive instructions last week to market an exceptional industrial building at Poundon, nr Bicester.  This is possibly the most secure industrial estate anywhere in the country having an electric gate, approximately 15 foot high and a similar height fence all round. The site I believe was once a base for MI5 and MI6!!  Preliminary details of the site are now available at:  http://www.centre-p.co.uk/Poundon%20Nr.pdf
 
 
                                                             Edited by Ian B Sloan FRICS  1st October 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