December Deals Update

Published on: 5th December 2018

During November we were delighted to announce that WYG appointed us as sole advisorsoleWYG appointed us as sole advisor on its UK office portfolio. The appointment will see us providing relocation and lease advice, as well as property management services, on WYG 24 offices across the UK.  

We have recently joined the Association of Short Term Lenders (ASTL) as an associate member. The function of the ASTL is to protect and promote the interests of its member and provide confidence to all parties who transact with them, find out more about it here. 

The two largest occupational costs for most businesses are rent and rates, the latter of which is inextricably linked to the former. Rob Cohen and Stephen Jefferies from our Leeds office consider this issue below and the careful balancing act that needs to be struck by tenants. 

Acting on behalf of Rollings Investments Ltd, our investment agency team has recently sold 228 High Street Exeter, a mixed retail and office investment. 

Our asset-based lending team helped facilitate, via fleet valuation, the management buyout of Total Rail Solutions (TRS), a £30million turnover provider of operated and non-operated road-rail plant, sub-contracting services and labour to rail sites across the UK. 

Following the 2018 Budget in late October there was a welcome boost for businesses with the announcement that thousands of firms across England will be able to ask for tax rebates to their business rates bills going back as far as 2010 with the Queen giving Royal Assent to turn the bill to reverse the effects of the so called Staircase Tax into an Act of Parliament. 

Despite recent comments to the contrary, it is very unlikely that HS2 Phase 2B will be cancelled in the immediate future and even if it is there is no guarantee that it won’t come back in some form or another, in years to come. Our compulsory purchase team is working with owners and occupiers of affected sites along the HS2 route and you can find out more info here. 

Formerly a Roman marching camp, medieval hostel and monastery our specialist leisure agents have been appointed on a historic site, with roots dating back to 997AD in North Yorkshire. 

Our holiday and caravan park were also appointed on the sale of Roadford Lake Holiday Village, a holiday park development site located adjacent to the South West water owned Roadford Lake.

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WYG appoint Sanderson Weatherall as national property advisor

WYG, the award-winning professional services firm, has appointed us as sole advisor on its UK office portfolio. The appointment will see us providing relocation and lease advice, as well as property management services, on WYG 24 offices across the UK.

Read More....

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WYG, the award-winning professional services firm, has appointed us as sole advisor on its UK office portfolio.

The appointment will see us providing relocation and lease advice, as well as property management services, on WYG 24 offices across the UK.

[fulltext] =>

Andrew Gillespie, Group Commercial Director at WYG commented, “It was important for us to partner with a reliable and effective property firm to advise on and manage our UK portfolio. Sanderson Weatherall is already proving to be a great fit for our business, with a collaborative hands-on leadership team and breadth of experience and knowledge across the firm.”

Richard Dunn, head of our office agency team and lead partner on the account added, “This is a great appointment for Sanderson Weatherall and we’re pleased to have already started dealing with a range of requirements across the portfolio."

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Sanderson Weatherall joins the Association of Short Term Lenders

We have recently joined the Association of Short Term Lenders (ASTL) as an associate member. The function of the ASTL is to protect and promote the interests of its member and provide confidence to all parties who transact with them, find out more about them on their website here - http://www.theastl.org/.

Read More....

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We have recently joined the Association of Short Term Lenders (ASTL) as an associate member. The function of the ASTL is to protect and promote the interests of its member and provide confidence to all parties who transact with them, find out more about them on their website here - http://www.theastl.org/.

[fulltext] =>

Benson Hersch, Chief Executive of the ASTL commented:

“The growing diversity of the ASTL’s membership allows us to promote and protect the interests of our members while making sure the highest standards are achieved. Sanderson Weatherall LLP abides by the same values that the ASTL operates by and their practical approach, vast experience and depth of knowledge will prove to be a real asset to our members.”

Daniel Hardy, head of our Corporate Recovery at Sanderson Weatherall comments:

“Sanderson Weatherall LLP already acts on behalf of a significant number of ASTL’s full members. It seemed a logical and natural progression that we should become an associate member of ASTL.

“In addition to providing valuation advice to a significant number of ASTL members, we have a very well-established corporate recovery specialism which provides a bespoke service on a national basis to secured lenders in dealing with repossession or eviction, sale as mortgagee, assisted sale, receivership and advisory scenarios.”

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Business as usual despite concerns over future of Phase 2 of HS2

Following Chris Grayling’s controversial announcement earlier this month that the Northern Leg of HS2 is “not in the bag”, Richard Farr, head of our compulsory purchase team shares his views on the future of HS2 North of Birmingham. Phase 1, the line from London to Birmingham has been approved and is due to complete in 2026 but progress of Phase 2b, Crewe to Manchester and the West Midlands to Leeds has now been thrown into question. Setting aside any commentary as to whether HS2 should occur, Richard commented:

Read More....

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Following Chris Grayling’s controversial announcement earlier this month that the Northern Leg of HS2 is “not in the bag”, Richard Farr, head of our compulsory purchase team shares his views on the future of HS2 North of Birmingham.

Phase 1, the line from London to Birmingham has been approved and is due to complete in 2026 but progress of Phase 2b, Crewe to Manchester and the West Midlands to Leeds has now been thrown into question. Setting aside any commentary as to whether HS2 should occur, Richard commented:

[fulltext] =>

“It is very unlikely that HS2 will be cancelled in the immediate future, and even if it is there is no guarantee that it won’t come back in some form or another, in years to come. If you have a property inside the proposed corridor of development, then it is best to act now as it is certain that as a nation something must be done about infrastructure.

“If you are lucky enough to qualify or are given the opportunity to relocate we would most definitely advise taking advantage of it, after all the longer you have to plan, the less impact it will have on you and your business. The HS2 effect will undoubtedly cause a spike in demand for properties in your vicinity so the earlier that you act, the more choice you will have when it comes to relocating.

“The best advice we can give is to be proactive, ensure that HS2 are aware of your presence, know what your land/property means to you and provide them with all the information they ask for. It’s also important to monitor the situation and explore the opportunities for relocation schemes as there will be regular changes as HS2 focus on individual sections of track. At this stage, you may also look at engaging professional help, generally speaking HS2 will bear this cost, especially if you’re in active communications with them.

“Finally, and perhaps most importantly, view the relocation as an opportunity for your business, take the positives from your situation and start planning for it. We do not believe that HS2 will go away, so please do not ignore!”

We have a team of compulsory purchase surveyors working with owners and occupiers of affected sites along the HS2 route.

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Rutland backs MBO at Total Rail Solutions

Our asset-based lending team helped facilitate, via fleet valuation, the management buyout of Total Rail Solutions (TRS), a £30m-turnover provider of operated and non-operated road-rail plant, sub-contracting services and labour to rail sites across the UK.

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Our asset-based lending team helped facilitate, via fleet valuation, the management buyout of Total Rail Solutions (TRS), a £30m-turnover provider of operated and non-operated road-rail plant, sub-contracting services and labour to rail sites across the UK.

[fulltext] =>

 

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Post Budget rates boost as staircase tax formally axed

Thousands of firms across England will be able to ask for tax rebates to their business rates bills going back as far as 2010 with the Queen today having given Royal Assent to turn the bill to reverse the effects of the so called Staircase Tax into an Act of Parliament.

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Thousands of firms across England will be able to ask for tax rebates to their business rates bills going back as far as 2010 with the Queen today having given Royal Assent to turn the bill to reverse the effects of the so called Staircase Tax into an Act of Parliament.

[fulltext] =>

 

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Historic site with roots dating back to 997AD on the market in North Yorkshire

Formerly a Roman marching camp, medieval hostel and monastery, the historic mixed-use site at Spital Farm has recently come to market. The extensive farm features a Grade II listed farmhouse with two self-contained letting cottages, a restaurant, craft centre, tea room, caravan park and just over 13 acres of land providing potential for future development, subject to planning.

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stdClass Object ( [state] => 1 [modified] => 2018-12-07 17:04:17 [id] => 1617 [asset_id] => 1985 [title] => Historic site with roots dating back to 997AD on the market in North Yorkshire [alias] => historic-site-with-roots-dating-back-to-997ad-on-the-market-in-north-yorkshire [introtext] =>

Formerly a Roman marching camp, medieval hostel and monastery, the historic mixed-use site at Spital Farm has recently come to market.

The extensive farm features a Grade II listed farmhouse with two self-contained letting cottages, a restaurant, craft centre, tea room, caravan park and just over 13 acres of land providing potential for future development, subject to planning.

[fulltext] =>

The property is set within attractive surroundings and occupies a prominent and very accessible location with the popular coastal resorts of Scarborough and Filey within easy reach.

Spital Inn and Restaurant has been developed from the outbuildings at the original Spital Farm over the years and now comprises a traditional country pub with popular restaurant and carvery that benefits from local custom as well as passing trading from its prominent main road.

Adam Burkinshaw, leisure agent in our York office commented, “We’re used to dealing with the sale of a variety of properties but Spital Farm offers something completely different from the norm.

“The property is steeped in history and the range of buildings on offer and extra available land provides the property with significant development potential so we expect to receive a great deal of interest from potential purchasers.

The site is for sale off a guide price of £1.6million, for further information please contact our York office on 01347 822005.

Contact Us

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