Bristol team boosted by agency partner appointment

Published on: 28th November 2016

We have recently strengthened our Bristol team with the appointment of investment agent David Ferris as Partner.

David has 25 years’ experience working in the investment market, and has acted for funds, property companies, developers, high net worth individuals, banks, LPA receivers and administrators. His transactions have included offices, high street retail, shopping centres, hotels, health clubs, ground rents, industrial, distribution units and residential investments.

Commenting on his appointment, David said, “The attraction of joining Sanderson Weatherall was their national offering, combined with regional teams who offer real local expertise. Whilst they are a relatively new name in Bristol, as an independently owned SME, I find their approach to client care refreshing, and look forward to growing the business across the South West”.

Mark Sheridan, partner at Sanderson Weatherall Bristol said: “With David’s experience and reputation in the South West property market, he will undoubtedly be a great asset to our Bristol team. We are thrilled to have him on board and helping us to deliver our award winning property services to the area”.

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Investment Agency

Working closely with our clients, Sanderson Weatherall’s investment team has the experience to offer appropriate, accurate and objective advice to help you make investment decisions in the office, industrial, leisure, medical and retail sectors. We have expertise in all of our regional offices providing full national coverage and we pride ourselves on our high quality of service tailored individually by project to our clients needs and always with personal delivery by a dedicated Partner contact. General Services: Acquisitions Disposal Financial Modeling Development Consultancy Appraisals Property Funding Portfolio Analysis Site acquisition & assembly   Contact Us

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Working closely with our clients, Sanderson Weatherall’s investment team has the experience to offer appropriate, accurate and objective advice to help you make investment decisions in the office, industrial, leisure, medical and retail sectors.

We have expertise in all of our regional offices providing full national coverage and we pride ourselves on our high quality of service tailored individually by project to our clients needs and always with personal delivery by a dedicated Partner contact.

General Services:

  • Acquisitions
  • Disposal
  • Financial Modeling
  • Development Consultancy
  • Appraisals
  • Property Funding
  • Portfolio Analysis
  • Site acquisition & assembly

 

Contact Us

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How will the revaluation impact Bristol's retail, office and industrial sectors?

In what has been billed as the biggest change in a generation, the process of the 2017 business rates revaluation is well under way. Matthew Midwinter, partner and business rates expert, considers how the April 2017 revaluation may affect Bristol’s retail, office and industrial sectors.

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In what has been billed as the biggest change in a generation, the process of the 2017 business rates revaluation is well under way. Matthew Midwinter, partner and business rates expert, considers how the April 2017 revaluation may affect Bristol’s retail, office and industrial sectors.

[fulltext] =>

What changes are under way?

On 1st April 2017, new rateable values for properties around the country will be implemented. This has triggered a lengthy process, including a number of key dates throughout 2016 and 2017 that the majority of sectors in the city must be aware of.

Draft rateable values were published online by the VOA (Valuation Office Agency) on 30th September, which help organisations to understand their new valuation, whilst providing an opportunity for them to tell the VOA about any errors before the new rates are applied from April. For the first time, this information has only been made available online via the VOA website, and they won't be sending out printed valuations.

How will it impact the retail, office and industrial sectors?

Most business, whether occupying retail, office or industrial space, are likely to experience a change in their business rates as a result of the business rates revaluation. This is because the valuation date is set two years before the last revaluation and since there has not been a revaluation since 1st April 2010, local authorities in England and Wales are still basing their business rates bills on 2008 figures. This will change next year, as all non-domestic properties in England and Wales will be reassessed based on a valuation date of 1st April 2015.

We have a network of offices across the UK, in addition to Bristol, and work closely with different sectors across the South West which enables us to experience some interesting variations. For example in Queen Square, rents have increased and therefore businesses, including our own office can expect rates to rise. As a rule, office rents are increasing across the city centre, but many retail rates are likely to be unchanged or even reduced.

We have also seen recent increases in office rents across the South West in towns such as Bath. But again, headline rents on retail in and out of town have fallen in recent years. In Exeter, rents have increased across all markets in recent years, albeit some secondary stock will buck the trend, so business should expect their rates to increase accordingly.

There remain areas of Bristol and the South West where rental values for many types of property have not recovered to their pre-recession levels, particularly in the retail sector but also offices and industrial properties and as a result those owners will most likely enjoy newer, much lower rateable values.

Whatever sector a business operates in, you should seek the help of a qualified rating surveyor who can ensure you are on the correct rateable value and advise on any small business rate relief you might be entitled to.

What happens next?

Although the draft rateable values have now been published, businesses will not be able to calculate their new business rates until the Government announces the multiplier in January. New rates bills will be issued on 1st March 2017 and the revaluation comes into effect from 1st April.

The important thing is to seek advice from a qualified rating advisor as soon as possible to make sure you are not paying over the odds. They can assess your draft rateable values and analyse whether you are entitled to a reduction in your business rates.

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Meet Mark Sheridan

Mark Sheridan works in our valuation and commercial agency teams and is head of our Bristol office.

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Mark Sheridan works in our valuation and commercial agency teams and is head of our Bristol office.

[fulltext] =>

What was your first ever job?

My first ever job was a paper round, I did one on Saturdays and one on Sundays. Unfortunately the £12 weekly wage didn’t buy me very much.

My first surveying job was as a placement student at Sanderson Weatherall in Leeds, I have since worked in our Newcastle office for a year before moving back to Leeds again and setting up in Bristol almost five years ago.

What is your favourite building in the South West, and why?

There are so many buildings to choose from in Bristol, from Georgian and Regency buildings in Clifton to the Georgian Squares (such as Queen Square where our office is) or The Wills Memorial Building which tops many lists.

But I am going to go for a building that hasn’t even been built yet – The Bristol Arena. In my view this will be the first piece of truly modern architecture in Bristol and I hope it will be a sign of things to come.

What does the future look like in the South West property market?

I think we have reason to be positive in Bristol. No matter what your view is on Brexit (and we still don’t really know how this is affecting us) – we are a strong regional city with established retail, office and industrial markets all of which are presently performing well. Bristol prides itself as a creative centre, which is a growing part of the office market in the city and I can see this complimenting the established financial and professional services sector. We also have a strong residential market with higher than average (for UK regions) house prices and the city is often featured in polls as one of the top places to live in the UK. In addition are two large, well respected universities and resultantly a good student development/investment market.

The city is also carrying out highways / infrastructure improvements (Metrowest / Metrobus), whilst the Temple Quarter Enterprise Zone (incl Bristol Arena and re-modelling of Temple Meads train station), which is increasingly being brought into public ownership for re-development and will improve what is an important gateway into the city.

We are also set to enjoy quicker journey times to London through the electrification of the rail line, which many consider will have a positive effect on the city and property market.

What one thing would you change to influence the future of the South West property market?

A contentious issue in the Bristol area – bring the various local authorities together (at least in some form) to aide decision making on matters which affect the region, in particular infrastructure projects such as the future of road and rail.

If you could give one piece of business advice to your younger self, what would it be?

I am still only young but I would say that property is a people business - your colleagues, managers, clients and other professionals are all key to this. Ensure you are making a good impression and remember that even the first people you meet on your course at University, or your first day at work could become an important contact in years to come.

Name three people, dead or alive, that you would pick to work in your team.

In my team I have picked people I think are great managers but also team players.
Sir Alex Ferguson – He would certainly have a story and of course teach me a thing or two about managing a team.
Sir Richard Branson – We need a good businessman in there.
Isambard Kingdom Brunel – A local hero – he could have a second go at sorting out the transport systems in Bristol and the South West!

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