Latest News

Small Business Rates Relief extension and the benefits to the licensed trade

Published on: 14th February 2019 A new business rates relief package is due to take effect from April 2019 and follows the difficulties experienced in the retail and leisure sectors and estimations that two pubs were being forced to close a day across the country. Industry bodies within both the retail and licensed trade sector called for business rates reforms and during Phillip Hammond’s Autumn 2018 budget the chancellor obliged in part. Over the next two years retailers with rateable values below £51,000 will benefit from a reduction in their rates bills of a third, irrespective of whether they have one property or form part of a national chain. It has been estimated that the measure will benefit 90% of independent, shops, pubs and restaurants; cutting their bills by up to £8,000 and totalling over £900million in business rates relief.

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Machinery and business asset team strengthened by appointment of duo in Manchester

Published on: 13th February 2019 We have recently strengthened our national machinery and business assets team with the appointment of Mark Rowlands and Emily Higginbottom in our Manchester office. The appointments follow a bumper year for our specialist machinery and business assets who have successfully completed 40 online auctions, realising over £11million in sales.

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Leeds team celebrate offices first birthday!

Published on: 12th February 2019 Today we are celebrating the 1st birthday of our office at Central Square in Leeds City Centre. We relocated our team of 80 property experts to the sixth floor of the Grade A office building in February 2018 and the office relocation not only saw us move in to a brand new £100m development, but it also allowed us to invest in new technology and working practices that meet the corporate requirements of our increasing client base.

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Restaurant building for sale in the heart of Wakefield’s leisure quarter

Published on: 12th February 2019 Our Leeds agency team has been appointed to sell the freehold interest of the former Bollywood Lounge, a large restaurant centrally located in Wakefield’s leisure and entertainment district. The circa 4,000 sq ft property is currently in a semi-shell state with an open plan layout that would provide potential occupiers with a blank canvas to really make the space their own.

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Work on £35m ‘prestigious development’ in York city centre set to begin

Published on: 11th February 2019 Development of a mixed-use scheme in York city centre comprising of 127 apartments and 34,500 sq ft of office space, is to begin this month after Yorkshire-headquartered Caddick Construction were awarded the contract. For all office enquiries please contact our Leeds agency team, or joint agents JLL.

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Should I Stay Or Should I Go? – Lease Renewals in the Licensed Sector

Published on: 7th February 2019 If, like many other licensees, you lease your premises, you will no doubt have experienced the stresses and strains of a rent review or the lease renewal process, and if you haven’t, then you probably will soon! A business lease can be a complicated document and if you take nothing else away from this article, always remember the value of timely advice, both from your solicitor and your surveyor, as both these professionals could have a vital role to play in any negotiations you undertake.The processes around lease renewals are heavily regulated and there can be some very hard and fast deadlines, which, if you miss them, can have devastating consequences for your business. So, it is vital that you act proactively and take the front foot or if your landlord acts first, you respond in a timely manner.

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New inquiry launched into the impact of Business Rates on business

Published on: 6th February 2019 With an estimated 10,000 UK shops due to close this year the Treasury Committee has launched a new inquiry into Business Rates to scrutinize how Government policy has impacted business.

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Crate Park - the latest shopping container village set to take the North East by storm

Published on: 5th February 2019 Plans have been revealed for the creation of a £20m shipping container business park at one of the UK’s largest office parks, Cobalt Park in North Tyneside. Located adjected to the existing Cobalt Business Park, the new Crate Park will use upcycled shipping containers to create unique retail, leisure or small office spaces, offering affordable solutions for both start-up and existing retail businesses.

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February Deals Update

Published on: 4th February 2019 Our strong end to last year has been followed by an equally strong start to 2019 with a number of deals and new instructions across our nationwide network of offices. At the start of the year we published our caravan and holiday park market review, including highlights from their year, a review of the holiday and caravan park market and information on parks sold, and parks currently for sale – view the full report here.

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