April Deals Update

Published on: 4th April 2017

In March we were named as the most active commercial property agency in the North East by Estates Gazette. Our Newcastle and Teesside offices were awarded the title for transactions completed in 2016, totalling over 1.8million sq ft of commercial property let or sold in the region.

On March 1st a landmark business rates ruling by the UK Supreme Court stated that properties could be given a nominal £1 rateable value, on the grounds that is undergoing significant refurbishment which restricts it from being a functional space. Our rating team first started work on the S J and J Monk v Newbigin case in 2013, so welcomed the decision from the Supreme Court.

Our specialist caravan and holiday parks team completed a number of deals in March, including the sale of a 43-acre holiday park in Northumberland that was marketed off a guide price of £5.5million. They also sold parks in Plas Newydd, North Wales and Kirkby Stephen in Cumbria off guide prices of £1.295million and £800,000 respectively.

Our team in the North East has a number of properties currently available, including 4,000 sq ft of office space at Preston Farm Business Park, a prominent car sales unit in Darlington and a number of Newcastle City Centre offices at St James Gate, One Trinity Gardens and on Grey Street, just down the road from our offices. Acting as retail agents we have also helped secure a major new anchor unit at the Royal Quays Outlet in North Shields, the new space, situated on the main car park of the centre, has been innovatively created using a large inflatable dome structure.

Our Corporate Real Estate team sold a large mixed-use property, located prominently on the corner of Great Horton Road and Ashgrove, directly opposite the University of Bradford. The property is comprised of residential accommodation, office space and a large basement including a former bar.

Acting on behalf of the Royal Mail, our industrial agency team in Leeds sold a 9,500 sq ft industrial unit at Doncaster Carr Industrial Estate to Hird Rail Services. Our Leeds team also completed a number of letting deals, including a 7,350 sq ft unit on Wakefield Road to Hire Station and a 10,000 sq ft space to Howdens Joinery at Barnsley Trade Park.

Across the Pennines our Manchester agency team sold a ten-acre development site in Tintwistle, High Peak to BXB Bespoke Land Solutions, a strategic land business that are expected to submit a planning application for 165 residential houses to be built on the land. More recently the team also completed the sale of a 7,500 sq ft Oldham office building to the Immigration Advice Service.

At the beginning of March, new guidance was published for the minimum energy efficiency standards that come into effect in April 2018, read more about the regulations here.

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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.

 

Contact Us

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Agency team named as the most active in the North East

We are pleased to announce that we have been named the most active commercial property agency in the North East by Estates Gazette, in what is widely regarded as one of the top accolades for real estate agents In the past year, our North East agency teams have let or sold a total of over 1.8 million sq ft of commercial, retail and industrial space across the region. Our Newcastle and Teesside offices have been awarded the title for transactions they completed between January 1 and December 31, 2016.

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We are pleased to announce that we have been named the most active commercial property agency in the North East by Estates Gazette, in what is widely regarded as one of the top accolades for real estate agents

In the past year, our North East agency teams have let or sold a total of over 1.8 million sq ft of commercial, retail and industrial space across the region.

Our Newcastle and Teesside offices have been awarded the title for transactions they completed between January 1 and December 31, 2016.

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Our head of commercial agency, Robert Patterson, said: “We are delighted to win this award again, confirming our position as the leading agency in the North East. Our local knowledge, dynamic team and full service agency offer allows us to deliver a fantastic service to our clients, and ultimately secure the best deals.”

The award comes following a restructure of our North East team, which saw the appointment of industrial agent Darren Naylor, as well as our repositioning as a full service commercial agency covering the areas across Newcastle and Teesside.

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Landmark Supreme Court Ruling on Business Rates

On March 1st a landmark ruling by the UK Supreme Court resolved whether owners of commercial properties will need to pay business rates during renovation or development work. Our rating team first started work on the S J & J Monk v Newbigin case in 2013, when the Valuation Office Agency stated they would base the rateable value of an office, during renovation and subdivision, on its pre-scheme rateable value. The decision meant that the owners, S J & J Monk, still had to pay business rates on the 15,000 sq ft Sunderland office space, with a rateable value of £102,000, despite it having being stripped to a shell and unable to be occupied during the renovation.

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On March 1st a landmark ruling by the UK Supreme Court resolved whether owners of commercial properties will need to pay business rates during renovation or development work.

Our rating team first started work on the S J & J Monk v Newbigin case in 2013, when the Valuation Office Agency stated they would base the rateable value of an office, during renovation and subdivision, on its pre-scheme rateable value.

The decision meant that the owners, S J & J Monk, still had to pay business rates on the 15,000 sq ft Sunderland office space, with a rateable value of £102,000, despite it having being stripped to a shell and unable to be occupied during the renovation.

[fulltext] =>

The case was taken to Valuation Tribunal by Rating Partner, Richard Farr, who appealed the decision on the basis that until then, properties undergoing major work had been given a nominal rateable value of £1. Farr later won the appeal at Lands Chamber, but the decision was subsequently overturned at High Court.

However, the ruling by the Supreme Court concluded that the property should be given a nominal £1 rateable value, on the grounds that it is undergoing significant refurbishment which restricts it from being a functional office space.

Richard Farr commented, "I am delighted by the eventual ruling at the Supreme Court, four years after I first started this case. Thedecision is welcome news for ratepayers, who will not be required to pay business rates on properties that are undergoing construction.

"This is of course also good news for the industry, with the threat of unnecessary rates bills no longer creating barriers for developers and investors."

The nominal assessment will not be automatic, and affected ratepayers will need to seek advice from a professionally qualified rating surveyor.

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Maguires Country Parks acquires luxury Northumberland site

Our specialist holiday and caravan park team has sold a 43-acre holiday park in Bamburgh, Northumberland, to Maguires Country Parks. Maguires Country Parks operate award winning sites across Northumbria, North Yorkshire and County Durham. The family run business has purchased the Northumberland site, which was formerly operating as The Kaims Bamburgh, and was marketed asking offers in excess of £5.5m. Billy Maguire, owner of Maguires Country Parks said, “The Kaims, Bamburgh site is a fantastic opportunity for our luxury holiday park brand. The site’s location and surroundings are perfectly suited to help us deliver our aim of providing beautiful, peaceful and relaxing Country Parks in first class destinations. “We have already allocated in excess of £1.25M of capital expenditure in order to develop new pitches, improve service infrastructure and to enhance the park for new and all existing caravan owners.”

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Our specialist holiday and caravan park team has sold a 43-acre holiday park in Bamburgh, Northumberland, to Maguires Country Parks.

Maguires Country Parks operate award winning sites across Northumbria, North Yorkshire and County Durham. The family run business has purchased the Northumberland site, which was formerly operating as The Kaims Bamburgh, and was marketed asking offers in excess of £5.5m.

Billy Maguire, owner of Maguires Country Parks said, “The Kaims, Bamburgh site is a fantastic opportunity for our luxury holiday park brand. The site’s location and surroundings are perfectly suited to help us deliver our aim of providing beautiful, peaceful and relaxing Country Parks in first class destinations.

“We have already allocated in excess of £1.25M of capital expenditure in order to develop new pitches, improve service infrastructure and to enhance the park for new and all existing caravan owners.”

[fulltext] =>

Adam Burkinshaw, holiday and caravan park specialist said, “We are delighted to have sold this fantastic site to Maguires Country Parks. It will undoubtedly be a fantastic addition to their existing portfolio of Country Parks.”

The Kaims is located only two miles from Bamburgh and is presently developed with 240 pitches, with a new development to add 48 new luxury caravan pitches commencing shortly.

Facilities include a modern bar and restaurant, and the park is located adjacent to the Bradford Kaims, a site of special scientific interest.

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Plas Newydd Caravan Park sold with guide price of £1.295million

Our specialist holiday and caravan park team have sold an established North Wales caravan park business to expanding holiday park operator, The Hogan Group. The 15.5 acres site, located in the Dulas Valley on the popular North Wales Coast, includes 40 static caravans, a 5 bedroom farmhouse and outbuildings with scope for further development. Adam Burkinshaw, holiday and caravan park specialist said, “Plas Newydd attracted a great deal of interest being located on the North Wales Coast, which remains one of the most sought after holiday park destinations in England and Wales. Such parks are in high demand and we have several operators actively seeking new opportunities in this area”.

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Our specialist holiday and caravan park team have sold an established North Wales caravan park business to expanding holiday park operator, The Hogan Group.

The 15.5 acres site, located in the Dulas Valley on the popular North Wales Coast, includes 40 static caravans, a 5 bedroom farmhouse and outbuildings with scope for further development.

Adam Burkinshaw, holiday and caravan park specialist said, “Plas Newydd attracted a great deal of interest being located on the North Wales Coast, which remains one of the most sought after holiday park destinations in England and Wales. Such parks are in high demand and we have several operators actively seeking new opportunities in this area”.

[fulltext] =>

 “Plas Newydd was sold owing to the retirement of the previous owners and now provides The Hogan Group with a great opportunity to improve and grow their existing business.”

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Kirkby Stephen caravan park business sold

Our specialist holiday and caravan parks team have sold a 5-acre caravan park in Kirkby Stephen, Cumbria, for over £800,000. The site was transformed into a caravan park in 1986, having previously been the coal yard to Kirkby Stephen train station. It now operates as a successful touring caravan park, together with a workshop, storage and owner’s house. William Reynolds holiday and caravan park specialist in our York office said, “The park is a fantastic business opportunity with excellent potential. We are delighted to have sold it to a local husband & wife team, with a background in architectural stonework and construction.”

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Our specialist holiday and caravan parks team have sold a 5-acre caravan park in Kirkby Stephen, Cumbria, for over £800,000.

The site was transformed into a caravan park in 1986, having previously been the coal yard to Kirkby Stephen train station. It now operates as a successful touring caravan park, together with a workshop, storage and owner’s house.

William Reynolds holiday and caravan park specialist in our York office said, “The park is a fantastic business opportunity with excellent potential. We are delighted to have sold it to a local husband & wife team, with a background in architectural stonework and construction.”

[fulltext] =>

Situated within walking distance of the centre of Kirkby Stephen, Pennine View Caravan Park immediately adjoins the boundary of the newly extended Yorkshire Dales National Park.

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4,000 sq ft offices available at Preston Farm Business Park

Faraday House is a detached single storey office building with supporting industrial accommodation in Preston Farm Business Park, one of Teesside’s premier business locations. Preston Farm Business Park is in a prime location for business, with good transport links to the A66, A19 and A1(M). The unit has its own gated access with a fenced boundary and is located on 0.51 acres of land, comprising a large office space, workshop area and on-site parking for 20 vehicles.

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Faraday House is a detached single storey office building with supporting industrial accommodation in Preston Farm Business Park, one of Teesside’s premier business locations.

Preston Farm Business Park is in a prime location for business, with good transport links to the A66, A19 and A1(M).

The unit has its own gated access with a fenced boundary and is located on 0.51 acres of land, comprising a large office space, workshop area and on-site parking for 20 vehicles.

[fulltext] =>

Letting agent George Williams commented, “Located in one of the region’s top business parks this building is a fantastic opportunity for businesses looking to relocate in the North East.

“We are really pleased to be able to bring this property to market and with a number of office deals completed recently in the region we expect to receive a significant level of interest.”

The premises are available to let at a commencing rental of £28,000 per year, but may be available to buy.

Click here for more information.

Contact Us

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Prominent car sales unit available to let in Darlington

A 7,950 sq ft car sales/trade counter unit, located in Darlington, is now available to let. The unit is situated on a prominent roadside position, at the corner of Red Barns Way and McMullen Road in Darlington. Letting agent Darren Naylor said, “This is a fantastic opportunity to acquire a showroom/warehouse space with a good sized external yard, located alongside a number of well-known car dealerships. The unit is flexible, with planning consent for car sales/servicing and also for general industrial or trade counter uses.”

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A 7,950 sq ft car sales/trade counter unit, located in Darlington, is now available to let. The unit is situated on a prominent roadside position, at the corner of Red Barns Way and McMullen Road in Darlington.

Letting agent Darren Naylor said, “This is a fantastic opportunity to acquire a showroom/warehouse space with a good sized external yard, located alongside a number of well-known car dealerships. The unit is flexible, with planning consent for car sales/servicing and also for general industrial or trade counter uses.”

[fulltext] =>

For further information please click here.

Contact Us

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Howdens Joinery opens new unit at Barsnley Trade Park

Our Leeds-based agency team has let a 10,000 sq ft Barnsley Trade Park unit to Howdens Joinery. Howdens Joinery, the UK’s largest manufacturer and supplier of kitchens and appliances, has let the newly built trade unit on a 10 year lease. Jonathon White,industrial agent at in our Leeds team said, “Howdens Joinery is a great addition to this incredibly popular development. Despite being built during some challenging political and economic times, Barnsley Trade Park has been a huge success, which istestament to both its location andhigh quality units.”

Read More....

stdClass Object ( [state] => 1 [modified] => 2017-03-02 17:11:49 [id] => 1110 [asset_id] => 1421 [title] => Howdens Joinery opens new unit at Barsnley Trade Park [alias] => howdens-joinery-opens-new-unit-at-barsnley-trade-park [introtext] =>

Our Leeds-based agency team has let a 10,000 sq ft Barnsley Trade Park unit to Howdens Joinery.

Howdens Joinery, the UK’s largest manufacturer and supplier of kitchens and appliances, has let the newly built trade unit on a 10 year lease.

Jonathon White,industrial agent at in our Leeds team said, “Howdens Joinery is a great addition to this incredibly popular development. Despite being built during some challenging political and economic times, Barnsley Trade Park has been a huge success, which istestament to both its location andhigh quality units.”

[fulltext] =>

Phase one of Barnsley Trade Park, which was speculatively built, reached full occupancy in 2014 with tenants Screwfix, Jewson, Toolstation, Yess Electrical, Euro Car Parts, Eurocell and Halfords. Greggs and Subway also occupy two retail units at the front of the site.

Phase two of the development was built on a two acres site at the park last year, and created an additional 15,000 sq ft of industrial space. This latest letting to Howdens Joinery leaves a final 5,000 sq ft available.

We act on behalf of Barnsley Trade Park’s owners, alongside joint agents Colliers. Montagu Evans acted on behalf of Howdens Joinery.

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