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In the Autumn Statement last week it was announced that a full ‘structural review’ of the business rates system in England will be be carried out in the coming years, but the small print detailed that the business rates appeal system will change after 1 April 2015.
Chris Tucker, caravan and leisure specialist, recently presented two seminars to the National Association of Fixed Property Receivers (NARA) at their national training days.
Alongside leading solicitors, barristers and other property experts, Chris delivered a 30 minute talk covering the fine details of valuation methodology in relation to caravan parks and holiday centres and issues that might be encountered in a recovery situation.
We have worked with Baker Tilly on a disposal deal that will see the accountancy firm save around £500,000 per annum over the next seven years in the fourth largest deal of its kind in 2014.
Baker Tilly appointed us to manage the disposal of 17,500 sq ft of sixth floor office space and 10 parking spaces at 2 Wellington Place. The accountancy firm had inherited the lease following its merger with RSM Tenon in 2013.
We're used to advising clients on all manner of deals, sales and negotiations, but this month we're doing something completely different – advising on the sale of a stock of Persian and Oriental rugs with a retail value of £300,000.
Expectation for another good year continues to materialise, with quarterly take up ahead of the 10 year average.
Between July – September 2014 city centre take up figures reached 143,451 sq ft across 34 deals, with the largest transaction beingthe Department of Health sub-lease on the 8th floor of Bridgewater place.
A 24-hour gym is set to open in Newcastle after we helped to agree a lease on a vacant property on the city’s St James’ Boulevard.