Latest News

New record high for pitch values set by North Yorkshire park sale

Published on: 18th October 2017 Our specialist holiday and caravan park team has sold a 26.5 acre caravan park in Ingleton, North Yorkshire, at a new record high for pitch values. Parkfoot Holiday Homes, an established holiday and caravan park, was sold confidentially after being marketed asking for offers in excess of £4million.

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Business Rates Bills to increase by 3.9% from April 2017

Published on: 17th October 2017 Since last year the Retail Prices Index (RPI) has almost doubled, from 2% in September 2016 to 3.9% in September 2017, on figures released by the government today. The RPI is an index that shows the changes in the cost of living throughout the UK and each year business rates are adjusted using the index to generate the Uniform Business Rates Multiplier, which helps determine how much businesses pay.

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Building consultancy team bolstered by appointment of partner in Leeds

Published on: 17th October 2017 We have recently strengthened our Leeds building consultancy team with the appointment of Colin Harrop to the role of partner. Colin joins us from Gerald Eve LLP, bringing with him 20 years of experience in professional building surveying. Working in the building consultancy team, Colin’s specialisms include dilapidations, technical advice, due diligence and acquisition work. Colin has appeared in a number of publications and was recently awarded an honorary Doctorate for services to Surveying by Leeds Beckett University.

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Caravan Park Deals Update

Published on: 13th October 2017 With strong market conditions and growing demand for caravan and holiday parks across the UK our specialist leisure and caravan parks division have been incredibly active over the past couple of months. In North Yorkshire we sold an impressive static holiday and residential park extending across 26.5 acres with river frontage. The park, located on the edge of the Yorkshire Dales National Park had a license for 185 static caravans, 17 residential park homes. Following a number of very competitive bids we achieved a confidential sale price well in excess of guide price.

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What tenants need to know about dilapidations

Published on: 12th October 2017 Most commercial tenants will encounter dilapidations during or after a lease, as landlords look to restore their properties to the condition they were in when the lease began. Martin Smith, building consultant, explains what dilapidations are and what as a tenant you need to know. "Tenants are often unfamiliar with the process and their responsibilities, including the reversal of alterations made to bars and restaurants, and repair and maintenance of the building itself. "Landlords can therefore recover costs incurred to repair and reinstate the property after the lease period ends. This includes the cost of work required to remove fixtures, fittings and aesthetic touches added by tenants, which can be significant and subsequently reduce the capital tenants can spend on new ventures.

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Case Study: Saving of over £600,000 secured for JLT Group on dilapidations claim

Published on: 11th October 2017 JLT Group is one of the world’s leading providers of insurance, employee benefits and brokerage services.  With headquarters in London and offices in 40 countries, the company provide their services to clients in over 130 countries worldwide.

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Birmingham team expanded with two new appointments

Published on: 9th October 2017 James Cartwright joins us as Associate Partner and Beverley Stamps as Surveyor. James and Beverley will focus on delivering property valuations, agency and property management across the firm’s growing client base in the Midlands, including Barclays Bank, Paragon Bank plc, Nationwide Windows and Cooperative Group.

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Meet Martin Smith

Published on: 6th October 2017 We asked Martin Smith, Partner in our North East building consultancy team, a few questions about his career and the North East property market.

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Growth of national holiday and caravan park team

Published on: 5th October 2017 We have recently grown our holiday and caravan park team with the appointment of Lee Southan, who joins us as a senior surveyor. The caravan park market continues to capitalise on buoyant trading conditions with our specialist caravan and holiday park teams agreeing in excess of £40M worth of sales over the past nine months. Commenting on current market conditions, Chris Tucker, partner in our Exeter office said, “We are predicting that these strong trading conditions will continue, which will further reinforce the high value of parks and demand for well performing businesses.

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