Case Study: Substantial savings secured for Baker Tilly over next seven years

Published on: 2nd March 2016

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.

The property could not be marketed openly, a challenging prospect that we were able to circumnavigate thanks to our knowledge of the market and extensive network of contacts in the region. We confidentially marketed the premises through our deals database, negotiating an off-market deal with BskyB which sees the communications giant take on the lease for the next seven years.

Commenting on the deal, Baker Tilly’s partner responsible for property in Leeds, Paul Byrne, said: “This deal allows us to have much more suitable accommodation over the next few years whilst also reducing our costs, and I can only applaud Sanderson Weatherall’s professionalism and tact in this matter. Without their knowledge and ability to work with us on this sensitive negotiation process we would not have been able to agree this disposal.”
 
The disposal deal, completed in September 2014 was the fourth largest of the year and will see the accountancy firm save around £500,000 per annum in the succeeding seven years.

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Office Agency

Our office agency team provide advice and expertise on the sale, acquisition, marketing, development and leasing of office properties and developments across the country. Utilising in-depth experience of the UK office sector coupled with extensive knowledge of the local and regional marketplaces in which we operate, each team possesses unrivalled skills to work to your significant advantage. Our specialist knowledge ranges from individual office suites to out of town business parks and new-build city centre developments.The specialism is supported by a broad range of additional services within the business. Agency Disposals: Realistic marketing advice and methodology Comprehensive market knowledge and full research facilities Extensive enquiry database Innovative marketing ideas Appraisal of alternative uses with in-house town planning advice Agency Acquisitions: Obtaining a clear understanding of our client’s requirements and commercial objectives Comprehensive property stock search and identification of development opportunities Objective advice on the suitability of identified properties Negotiation of favourable terms Full back up service including structural surveys, planning advice and fitting out etc. Valuation and finance advice Development Consultancy: Thorough market research Advice on selection and appointment of consultants Undertaking of full financial appraisals and timescales Advice on optimum composition of development Assessment of deliverability Advice on specification and scheme layout End user knowledge   Contact Us

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stdClass Object ( [state] => 1 [modified] => 2018-05-03 08:24:25 [id] => 146 [asset_id] => 296 [title] => Office Agency [alias] => office-agency [introtext] =>

Our office agency team provide advice and expertise on the sale, acquisition, marketing, development and leasing of office properties and developments across the country.

Utilising in-depth experience of the UK office sector coupled with extensive knowledge of the local and regional marketplaces in which we operate, each team possesses unrivalled skills to work to your significant advantage.

Our specialist knowledge ranges from individual office suites to out of town business parks and new-build city centre developments.The specialism is supported by a broad range of additional services within the business.

Agency Disposals:

  • Realistic marketing advice and methodology
  • Comprehensive market knowledge and full research facilities
  • Extensive enquiry database
  • Innovative marketing ideas
  • Appraisal of alternative uses with in-house town planning advice

Agency Acquisitions:

  • Obtaining a clear understanding of our client’s requirements and commercial objectives
  • Comprehensive property stock search and identification of development opportunities
  • Objective advice on the suitability of identified properties
  • Negotiation of favourable terms
  • Full back up service including structural surveys, planning advice and fitting out etc.
  • Valuation and finance advice

Development Consultancy:

  • Thorough market research
  • Advice on selection and appointment of consultants
  • Undertaking of full financial appraisals and timescales
  • Advice on optimum composition of development
  • Assessment of deliverability
  • Advice on specification and scheme layout
  • End user knowledge

 

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Agency - sales & lettings

Our award winning property agents provide transactional services across the UK to owners, occupiers, investors and developers. Our agency teams specialise in regions and industries around the country, providing local insight and technical knowledge that's relevant to your business, property and location. We add value by offering commercially astute advice, and alerting you to the opportunities and threats that might affect your transaction. We'll also work with our property and building consultants to advise you on planning, valuations, business rates, dilapidations, building surveys, lease and rent reviews, as well as talk to our in house architects about any fit-out requirements.   Contact Us

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Our award winning property agents provide transactional services across the UK to owners, occupiers, investors and developers.

Our agency teams specialise in regions and industries around the country, providing local insight and technical knowledge that's relevant to your business, property and location.

We add value by offering commercially astute advice, and alerting you to the opportunities and threats that might affect your transaction.

We'll also work with our property and building consultants to advise you on planning, valuations, business rates, dilapidations, building surveys, lease and rent reviews, as well as talk to our in house architects about any fit-out requirements.

 

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Agency FAQs

Q) What is a freehold property? A) If you have a freehold property then it means you own the building and the land it stands on outright. Generally speaking a freehold property will have fewer constraints and is often higher in value.

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Q) What is a freehold property?

A) If you have a freehold property then it means you own the building and the land it stands on outright. Generally speaking a freehold property will have fewer constraints and is often higher in value.

[fulltext] =>

 Q) What is a leasehold property?

A) A leasehold property will refer to a property that you will rent from a freeholder for a fixed time period. As tenant you effectively own the property for a fixed term but not the land on which it stands.

Q) What is a long leasehold property?

A) A long leasehold property gives you a right for a certain period of time to be in that property. This period is usually between 99 and 999 years.

The time on the lease reduces annually and will eventually run out, although it can be extended. Just like a freehold property the lease can be sold and bought at any time during the lease, but if the residue of the lease remaining is too small then then the property may be unsalable or the value may be dramatically affected.

There is a freeholder who owns the land upon which the building is constructed and has the right to collect a ground rent and service charge from any leaseholder in the building. The freeholder can also sell the ground rent on at any time.

Q)What is a service charge?

A) A service charge is an additional cost to the tenant that helps the landlord recover costs they incurred in providing services to a building; details of this will have been set out in the tenancy agreement. The charge tends to cover the cost of such matters as general maintenance, repairs and building insurance; if available the charges will also cover central heating, lifts, porters, lighting and cleaning of common areas.

Q) I'm looking to sell or lease a property, what should I do?

A) You can get in touch with us via the contact pages and one of our agents will be happy to discuss your requirements. We will then be able to develop an effective strategy based upon your specific needs.

Q) What types of property do you deal with?

A) At Sanderson Weatherall we have specialist teams in a number of different sectors. The types of properties we deal with therefore include but are not limited to retail industrial, office, leisure and residential properties.

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