Latest News

Budget 2017: What will be the impact on the housing sector?

Published on: 23rd November 2017 Philip Hammond gave his Autumn Budget to parliament yesterday and with a number of key changes for housing our residential expert, Diana Warr has summarised its impact. “The headline announcement in yesterday’s budget was undoubtedly the fact that first-time buyers will no longer need to pay stamp duty on property purchases up to £300,000. For first time buyers purchasing in London there will be no stamp duty applied to the first £300,000 of their purchase.

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Business Rates Autumn Budget Highlights

Published on: 22nd November 2017 Philip Hammond, the Chancellor of the Exchequer, gave his first Autumn budget to parliament today and we have pulled together the headlines for business rates: Key Business Rates Highlights - Business rates annual increase to be based on CPI rather RPI brought forward to April 2018- Discount for pubs, with a rateable value less than £100,000, extended for a further year- After 2022 revaluation, future revaluations to take place every three years - Staircase tax to be axed

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Packaging production equipment sells for record £6.5million at online auction

Published on: 20th November 2017 Modern flexible packaging production equipment and other assets have been sold, fetching a record £6.5million in total in an online auction. Our machinery and business assets team was instructed by KPMG following the announcement that joint administrators from KPMG had been appointed to Pulse Flexible Packaging Ltd earlier this year.

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Teesside team treat clients to private wine tasting event

Published on: 17th November 2017 Last night our Teesside office invited their clients and professional contacts to an informal networking event of Italian food and wine at Chadwicks Inn, Maltby. Guests were treated to a bespoke 5-course menu prepared by the head chef at Chadwicks Inn, with paired wine tasting presented by the in-house Sommelier.

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Bowdens Crest Caravan and Camping Park Sold

Published on: 15th November 2017 Our holiday and caravan park team has sold a 14acre mixed static and touring park in Langport, Somerset off a guide price of £975,000. The park was sold to an existing park operator who will be upgrading the park in line with their existing portfolio. The sale of the park was due to retirement of the previous owner who had operated the park for over 20 years. Mr & Mrs May the owners of the park commented, “The sales process involved a number of ups and downs and the expert advice provided by the team at Sanderson Weatherall was pivotal to achieving the final sale.

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High quality Leeds city centre apartments for sale

Published on: 14th November 2017 Centenary House is a primely located Grade II-listed building in the centre of Leeds that is undergoing redevelopment to provide city centre apartments with a focus on high quality fit out and design. The apartments are being sold off plan and the building, formerly a public dispensary, will see up to 80 flats created, including studio apartments alongside one and two bedroom properties. 

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Excellent opportunity to acquire industrial space in Darlington

Published on: 13th November 2017 A 21,750 sq ft warehouse located within Yarm Road Industrial Estate in Darlington is now available to let. Yarm Road Industrial Estate provides easy access to the A66 which subsequently leads onto the A1(M) at Junction 57. The estate consists of a number of industrial units with office facilities and yard space, as well as parking, workshops and storage areas.

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Leeds Office Market Update Q3 2017

Published on: 8th November 2017 View our Leeds office market update for Q3 2017. Total Leeds office market take up for Q3 stood at 677,754 sq ft which reflected a 199% (451, 245 sq ft) increase on the preceding quarter. Office take-up in Leeds city centre totalled 557,990 sq ft in Q3 a 345% increase compared to the same period last year, with the bumper quarter contributing to year to date transactions of just under 800,000 sq ft. Activity out of town was also up, reaching 119,554 sq ft, an increase of 81% on Q3 last year and 30% on the preceding quarter.

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Commercial property owners urged to check EPC rating

Published on: 7th November 2017 Commercial property owners in England and Wales have just over fourth months to check their property’s EPC rating and secure an energy efficiency rating of E or above. Due to the new minimum energy standard, as of 1 April 2018 landlords will not be able to let commercial premises or renew leases if the EPC rating is lower than an E. David Fairley, partner in our building consultancy team and accredited non-domestic energy assessor, considers the potential impact for commercial landlords and possible ways forward in improving the energy performance of their buildings. David commented, “Some estimates suggest that over 50% of EPCs completed in the early years are incorrect. Over the last few years, we have come across a number of inaccurate EPCs, particularly those carried out between 2008 and 2011. With EPC’s needing to be renewed every ten years, or at the point of the next leasing event, some landlords might be in for a surprise from 2018.

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