IIMS needs your help, please!
It became clear from our initial discussions that this was a deal that would work very well for both parties. IIMS carefully and diligently explored the financial opportunities of obtaining a business mortgage and assessed the likelihood of getting the deposit together, both of which reached a successful conclusion. If all progresses as expected, IIMS hopes to finalise the purchase of Murrills House in Q1 of 2020.
Commenting on the proposed purchase of Murrills House, Mike Schwarz, said, “I am delighted to be in a position to acquire Murrills for the long-term benefit of the Institute and its members. I believe it represents excellent value for money and underpins the very future of the
organisation.” He added, “This is a unique opportunity to purchase a building of significant local historical interest and knowing we will be helping to preserve it for future generations is indeed a privilege.”
IIMS has been on a long term property search going back over the past 18 months. Nothing suitable to purchase in the area has been identified and there is a real lack of such properties coming to market. So, the opportunity to acquire Murrills House is an exciting prospect. It meets the needs of the business very nicely. Sure it has a few faults, but what building that is centuries old doesn’t? There is some maintenance work to do, but one gets that with any property, no matter how old it is. It also works perfectly for the existing team and there is no cost to relocate the business and the upheaval this undoubtable creates for all involved.
There are still some formalities to undertake, including the actual survey on which the mortgage offer will be based and the necessary final financial checks and balances. But IIMS is closing in on the deal.
Below: artisit ‘s impression of the Founders Plaques
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IIMS would like your help. We are reaching out to the members to invite them to make a financial donation towards the property purchase. Any financial donation will not simply go to the bottom line of the business and get lost. Rather, we plan to invest it in paying for the stamp duty on the purchase (a rather irksome UK property tax) with any balance left being put towards some of the maintenance work we would like to do, which includes replacing some windows and so on. All those who choose to make a donation (unless anonymously) will be recognised with a special, individual Founders Plaque for each person making a donation being displayed in the offices. And rest assured that any donation, no matter how small, will be very gratefully received. We have made it simple to do by setting up an online ‘Just Giving’ page, which can be accessed at
https://www.
justgiving.com/ crowdfunding/iims
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38 | The Report • June 2019 • Issue 88
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