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Frostholme Mill furniture manufacturing site and equipment on the market

Published on: 8th June 2017 A West Yorkshire furniture manufacturing site, including an extensive range of furniture manufacturing equipment, is being offered for sale. The Frostholme Mill facility, based in Todmorden, West Yorkshire, extends over 125,000 sq ft on a 2.9 acre site, and is one of the largest furniture manufacturing sites in the UK. Formerly a cotton mill, the property has been used for furniture production for the past 50 years. We have been appointed on behalf of the administrators of Nathan Furniture Ltd to manage the sale of the machinery and equipment. Neil Simpson, partner in our machinery and business assets said, “This is a fantastic opportunity for an existing local or national furniture manufacturer, or a start-up, to acquire both a great facility and high quality equipment. “Whilst the online auction of the equipment is set to close mid-June, there is the opportunity for a buyer to purchase the equipment pre-auction and occupy the building with incentivised lease rental rates.”

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Teesside June Update

Published on: 8th June 2017 This May was a month of celebration for our Teesside office with a number of deals, new instructions and personal success for agent George Williams. George became a fully qualified member of the RICS after passing his assessment of professional competence at the first time of asking at the beginning of May. George’s success was followed by a strong month for our agency team who sold a 26,592 sq ft industrial unit in Catterick, North Yorkshire. There was also a number of new properties brought to the market by the team including a 7,181 sq ft modern industrial unit in County Durham and 20,000 sq ft of new build industrial space at Aycliffe Business Park. Throughout May our valuation team completed 26 valuation instructions across the region. The jobs included the report and valuation of five residential development sites, four investment properties, seven industrial units and two nurseries, restaurants and retail properties.

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Asset valuation certification awarded to Matthew Clarke

Published on: 7th June 2017 Congratulations to Matthew Clarke, Partner in our Teesside valuation team who has recently gained his certification in asset valuation. The accreditation by the Chartered Institute of Public Finance & Accountancy (CIPFA) focused on local authority asset valuations. The qualification required Matthew to complete four training days and at the end of each module demonstrate his level of understanding through multiple choice and narrative questionnaires. Matthew said, “I felt it would be useful to expand my knowledge of local authority asset valuations. Having carried out a number of these valuations in the past years, I felt that it was important to understand both why they are carried out and the relevant rules and regulations surrounding them.

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June Deals Update

Published on: 7th June 2017 During May we were delighted to announce the appointment of three new shareholding partners. Christian Humphreys head of our asset based lending team, Matthew Lawrence head of our property management team and Mark Sheridan head of our Bristol office all became shareholders, bringing our total number to 28. With the holiday season fast approaching our North West asset advisory and recovery team completed the sale of three guest houses in Southport, a large seaside town in Merseyside on the coast of the Irish Sea. Across the Pennines, in Yorkshire we have recently brought a number of properties to market, including a Grade II listed building with development potential in Skipton and request for offers on an income producing office investment in the heart of Leeds city centre. In North Yorkshire our agency team sold a large 26,592 sq ft industrial unit in Castlevale Park, part of the Gatherley Road Industrial Estate in Catterick. In Bristol we have recently expanded our team with the appointment of Chris Howell as associate partner. Commenting on his appointment, Chris said, “I am delighted to be joining Sanderson Weatherall and look forward to developing both property management and agency services in the South-West.” Our building consultancy team recently helped provide St John’s the Evangelist Church in East Witton with a new lease of life thanks to repair and maintenance work carried out earlier this year.

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Single storey office building sold in Hartlepool

Published on: 6th June 2017 Our Teesside team has recently sold the former Funky World play centre in Hartlepool. The single storey building is suitable for a variety of alternative uses and currently comprises office and meeting room accommodation, along with kitchen facilities and space externally for eight vehicles. The 3,135 sq ft property is located on Durham Street and was purchased for an undisclosed fee.

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Estates Gazette first Question Time event in Newcastle

Published on: 30th May 2017 Last Thursday (25th May 2017) marked the first Estates Gazette Newcastle Question Time event at St James Park. Following the previous success of the event across the UK, Estates Gazette announced their biggest line up of cities holding Question Time events in 2017. The events follow a similar format to BBC Question Time, as influential people in real estate are brought together to answer questions submitted from those living and working in the region. At last Thursday’s Newcastle event Robert Patterson, head of our agency team, sat on the panel alongside the individuals listed below Pat Ritchie, Chief Executive, Newcastle City Council Ben Rodgers, Senior Development Manager, Legal & General Investment Management Real Assets Richard Wise, Partner, Ryder Architecture Adam Serfontein, Managing Director, Hanro Group   Robert commented, “It was an honour to be involved in last week’s EG Question Time event and it was great to discuss a number of topical and pressing issues affecting the real estate landscape in the North East.

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Request for offers on income producing office investment in Leeds City Centre

Published on: 30th May 2017 Cathedral Chambers is a centrally located, Grade II listed building, located on Great George Street in Leeds. The property offers 14,000 sq ft of accommodation across four floors, and is currently part let as office space, generating an income of £92,000 per year. The property is currently for sale as an income producing office investment, suitable for redevelopment, and has residential conversion potential (subject to planning consent).

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Commercial property owners urged to check EPC rating

Published on: 25th May 2017 Commercial property owners in England and Wales have just nine months to check their property’s EPC rating and secure an energy efficiency rating of E or above. Due to the new minimum energy standard, as of 1 April 2018 landlords will not be able to let commercial premises or renew leases if the EPC rating is lower than an E. Chris Howell associate partner in our Bristol office, is concerned that many EPC certificates may be inaccurate and therefore many properties in the South West may actually drop below the required rating. Chris commented, “Some estimates suggest that over 50% of EPCs completed in the early years are incorrect. Over the last few years, we have come across a number of inaccurate EPCs, particularly those carried out between 2008 and 2011. With EPC’s needing to be renewed every ten years, or at the point of the next leasing event, some landlords might be in for a surprise from 2018.

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A video guide to party walls

Published on: 24th May 2017 Party wall disputes can lead to stressful situations, so here’s our video guide on everything you need to know about them, and what procedures you need to follow before carrying out any work. Party Wall Video A party wall is a wall that is shared by two buildings, which have different owners, like the wall separating you and your neighbour in a semi-detached house.

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