November Deals Update

Published on: 1st November 2017

During October it was announced that from April 2018 business rates bills will be set to increase by 3.9%, causing the total rates bill to increase by over £1.1billion, with the retail sector alone facing increases of over £300million. 

Associated Security Systems Ltd, a security systems supplier in Manchester, purchased a 32,000 sq ft industrial unit in Greengate Industrial Estate, Rochdale. The property was sold by our Manchester corporate recovery team who were acting on behalf of the administrators of Reynards (UK) Limited. 

We assisted a private investor with the purchase of a profitable retail investment, a Grade II listed, 3,000sqft retail unit in Beverley Town Centre. 

Diana Warr, residential sales and lettings expert in our Leeds office has put together her top three tips for maximising your property’s potential. The tips aim to help you achieve the best possible sales price for your property and you can view them here. 

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. The large park was sold confidentially after being marketed asking for offers in excess of £4million.  The caravan park market continues to capitalise on the buoyant trading conditions with demand far outstripping the supply of parks currently available for sale.

We have recently strengthened our building consultancy team in both our Leeds and Bristol offices. Jo Williams has been appointed as a partner in our Bristol office where she will head up our building consultancy offering in the South West. In Leeds, Colin Harrop has joined the team, bringing with him 20 years of experience in professional building surveying.  

Our Birmingham team has also grown with two new appointments. James Cartwright joins us an associate partner and Beverley Stamps as surveyor, both James and Beverley will focus on delivering property valuations, agent and property management across our growing client base in the midlands. 

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Business Rates Bills to increase by 3.9% from April 2018

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 on 17th October. 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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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 on 17th October.

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.

[fulltext] =>

Graham Isle, partner in our business rates team commented on the announcement, “The announcement earlier this month will be a very unwelcome one for many businesses that are already facing a number of increasing financial pressures.

“It is estimated that the increase of 3.9% could cause business rates bills to increase by over £1.1billion next year, with the retail sector alone facing increases of over £300million.

“This only adds further pressure to the government to bring forward the change of measuring the multiplier using the lower rate of the Consumer Price Index, a change which has been promised to happen in 2020.”

It was also announced today that for the first time in over five years the UK inflation rate reached 3%, up from 2.9% in August.

The rise in the inflation rate to its highest level since April 2012 has been caused by an increase in food and transport prices and a fall in the value of the pound, causing the cost of imported goods to increase.

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Caravan and holiday parks: 'A good time to sell'

We have been working in the caravan and holiday park industry for over 40 years and as market leaders in the field we really do know the market inside and out. During this time we have successfully dealt with over 1,500 park sales in England, Scotland and Wales. We deliver a range of holiday and caravan park services nationwide from our network of UK offices; including sales and valuations, planning, business rates advice and architecture and design.

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We have been working in the caravan and holiday park industry for over 40 years and as market leaders in the field we really do know the market inside and out.

During this time we have successfully dealt with over 1,500 park sales in England, Scotland and Wales. We deliver a range of holiday and caravan park services nationwide from our network of UK offices; including sales and valuations, planning, business rates advice and architecture and design.

[fulltext] =>

Why now?

The caravan park market continues to capitalise on buoyant trading conditions with demand far outstripping the supply of parks currently available for sale.

The unexpected shock of Brexit appears to have had a positive effect as the fall in the value of sterling has made UK holidays even better value for money.

Park owners are reporting strong sales resulting record levels of profit. In turn, this is creating further demand as owners seek to expand their portfolio of parks and we continue to deal with numerous buyers seeking acquisitions both large and small.

We are here to help

We understand that you have worked hard to make your business a success. When you are thinking of making improvements you want to make sure that they add true value to your park. We also understand that when the time comes to consider a sale, you want to achieve the very best price.

This is why we want to work with you. We have spent over 40 years providing specialist advice to the caravan and holiday parks industry. Be it lodges, statics, tourers, park homes, chalets or holiday cottages, we are here to help.

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Private investor purchases highly profitable retail investment in Beverley

A private investor has purchased a Grade II listed, 3,000sq ft retail unit in Beverley town centre. The property is let to Steamer Trading Limited, the UK’s leading specialist cook shop retailer. The family owned business has been trading for just over 30 years and now operate from 42 stores across the country.

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A private investor has purchased a Grade II listed, 3,000sq ft retail unit in Beverley town centre.

The property is let to Steamer Trading Limited, the UK’s leading specialist cook shop retailer. The family owned business has been trading for just over 30 years and now operate from 42 stores across the country.

[fulltext] =>

Peter Heron, retail agent in our Leeds office, acted on behalf of the purchaser and commented, “We are really pleased to have completed the purchase of this income producing investment property for our client. The properties prime location and desirable retail destination offered the private investor strong potential for long term performance. Steamer Trading Limited have signed a new 10 year lease subject to an upward only rent review after the fifth year, with a commencing rent of £102,500 per annum.”

Other occupiers in surrounding properties include W H Smith, Boots, Laura Ashley and a number of aspirational niche retailers such as JoJo, Crew, FatFace, Joules and Hotel Chocolate, whose new store opens soon.

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The 3 'P's of selling your residential property

Diana Warr, residential sales and lettings expert in our Leeds office has put together her top three tips for maximising your property's potential. “In a market where demand is high, it is inevitable that it becomes it a little easier to sell, but that by no means allows you the comfort of sitting back and just waiting for the offers to come in. There is an endless list of tips and options available to help sell your property but we have picked just three key pieces of advice to help you achieve the best possible sales price.”

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Diana Warr, residential sales and lettings expert in our Leeds office has put together her top three tips for maximising your property's potential.

“In a market where demand is high, it is inevitable that it becomes it a little easier to sell, but that by no means allows you the comfort of sitting back and just waiting for the offers to come in. There is an endless list of tips and options available to help sell your property but we have picked just three key pieces of advice to help you achieve the best possible sales price.”

[fulltext] =>

Presentation

It may seem like a bit of an obvious one but the first impression that a prospective buyer gets when they walk through your front door can make a massive difference. Ensuring your property is attractive to a buyer does not need to be an expensive decorating process. We have first-hand experience of the difference that adding simple furnishings, flowers and a new lick of paint can make to a property.

Photographs

If you’re going to the trouble of presenting your property in its best possible light then it’s important to make sure you portray that through the photographs you have taken. It is worryingly common for us to see poorly taken pictures of properties online, if you’re going to the trouble of improving the presentation of your property then make sure you portray that through the photographs you have taken.

Price

When it comes to selling, deciding on what price to sell it for is inevitably a big decision. Price your property too high and you won’t generate much interest, too low and you may not fully maximise your property's potential.

Our residential team understand people and property and are experts in giving real advice and support to people around the UK. As leaders in the property industry, we can guide you through every step of the process, and provide a complete property service to support you in all of your property needs.

Whether you’re selling, letting, looking for a new home, or need a valuation on a property, our one to one service takes the hassle away and gives you peace of mind knowing that your residential property advisor is at hand whenever you need them.

Contact Us

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

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.

Read More....

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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.

[fulltext] =>

William Reynolds, holiday and caravan park specialist in our York office said, “This is a fantastic park, which was reflected in the exceptionally strong sale price.

“This is our highest value sale of an individual park in the past two years, and a record high for pitch values, demonstrating just how strong the market is at the moment.”

The park is currently developed with 175 static holiday caravan pitches and 16 residential park home pitches.

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Building consultancy team bolstered by appointment of partner in Leeds

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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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.

[fulltext] =>

Commenting on his appointment, Colin said, “I was attracted to the role at Sanderson Weatherall as they manage to display a strong history, with a well-recognised brand name, as well as actively looking towards future growth and the new opportunities this presents.”

Working within the Leeds office, Colin will enhance the team’s existing knowledge and add to their already impressive one hundred years combined experience.

Colin continued, “I look forward to getting involved with all aspects of professional building surveying work at Sanderson Weatherall as well as overseeing project work on site and ultimately helping the team to grow from strength to strength.”

Tom Kelly, partner in our Leeds building consultancy team said, “We are really excited to have someone of Colin’s calibre joining the team and we are confident that he will be instrumental in developing the strength of our building consultancy offering across the UK.”

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Bristol team strengthened with partner appointment

We have further strengthened our Bristol presence with the appointment of Jo Williams to the role of partner. Jo has been appointed as a partner and will head up our building consultancy offering in Bristol and the South West, having worked previously for Cushman and Wakefield, Ridge and Partners LLP and Gleeds.

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We have further strengthened our Bristol presence with the appointment of Jo Williams to the role of partner.

Jo has been appointed as a partner and will head up our building consultancy offering in Bristol and the South West, having worked previously for Cushman and Wakefield, Ridge and Partners LLP and Gleeds.

[fulltext] =>

The appointment sees Jo, who has over 22 years’ experience as a building surveyor, bring with her a combination of regional and national industry knowledge that will be invaluable to the team.

Commenting on her appointment, Jo said: “I am really happy to have joined Sanderson Weatherall’s building consultancy team in Bristol. I am really looking forward to working here as I wanted the opportunity to develop the team and service offering in the South West, with the support of the wider, national business.

Jo’s areas of expertise include, but are not limited to design and contract administration, project management, compliance and acquisition advice, technical advice and expert witness work.

Head of Sanderson Weatherall’s Bristol office, Mark Sheridan commented, “It’s great to welcome someone with Jo’s experience and strong reputation to the office. I am confident that she will enhance the team’s combined knowledge, strengthening our building consultancy offering and ultimately contributing to its continued growth in the region.

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Large industrial unit sold in Middleton

Associated Security Solutions Ltd, a security system supplier in Manchester, has purchased a 32,000 sq ft multi-use building in Middleton, Rochdale. The industrial property, which is located in Greengate Industrial Estate, was sold by our Manchester corporate recovery team, acting on behalf of the administrators of Reynards (UK) Limited.

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Associated Security Solutions Ltd, a security system supplier in Manchester, has purchased a 32,000 sq ft multi-use building in Middleton, Rochdale.

The industrial property, which is located in Greengate Industrial Estate, was sold by our Manchester corporate recovery team, acting on behalf of the administrators of Reynards (UK) Limited.

[fulltext] =>

The property comprises a three bay industrial unit and a well presented two-storey office block which features high specification office accommodation including showroom and ancillary space.

Commenting on the sale, Craig Watson, agent in our Manchester office said, “The sites desirable location and high quality accommodation was reflected in the strong sale price achieved and we are delighted to have sold this property on behalf of our clients.

“We experienced significant levels of interest as demand for good quality industrial properties in the region remains high with relatively few opportunities currently coming to the market.”

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Birmingham team expanded with two new appointments

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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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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James joins us with nine years’ experience as a Chartered Surveyor, including significant experience in property valuations for the Healthcare sector, as well as providing business rates advice.

Commenting on his appointment, James said, “I am delighted to be joining Sanderson Weatherall as I was aware of their strong reputation in the market. I wanted to work for a well-focused organisation at an exciting time in its national development. I chose to join the team at Sanderson Weatherall to become involved in the valuation of a wider range of properties, and subsequently improve my knowledge and experience.”

Surveyor Beverley Stamps has joined us after graduating from Reading University with a First Class Honours degree in Estate Management. Prior to completing her degree Beverley gained experience in the sales, letting and management of both residential and commercial property and at Sanderson Weatherall she will be working towards her Assessment of Professional Competence (APC) qualification.

Speaking on the appointments, head of the Birmingham office, Peter Fowles, commented, “It’s great to have James and Beverley on board and continue on the progress that we have made in the Birmingham market. They both bring with them expertise and knowledge that will be vital to overall vision for the future of the business and I look forward to working with them both”.

“Their appointments further highlight Sanderson Weatherall’s commitment to development at all levels, be it a senior or graduate appointment. By working with a nationally recognised company with a longstanding reputation, they will no doubt benefit from the collective experience across the firm, providing them with excellent foundations for the progression of their careers.”

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