Regional News


Avoid the burden of Empty Property Rates and save a fortune T


housands of owners of empty commercial properties across the UK are shelling out millions of pounds on empty property rates every year. But one specialist UK firm insists that those same property owners should be keeping the bulk of the money in their own pockets!


“There is nothing more galling than having to pay rates on a property that lies empty,” said a senior spokesperson at Crusader Empty Property Rates Avoidance (www. crusader-epra.com). “It is a massive drain on resources, particularly given the current economic climate and the on- going struggle to find tenants for empty properties. Therefore, it is imperative that property owners discover just what can be done to keep the burden of empty property rates to an absolute minimum.”


Crusader offers rates saving schemes that cover empty properties in England and Wales, providing bespoke solutions based on years of experience.


Kavanaghs continue their success on Bowerhill


K


avanaghs are delighted to announce two recently completed transactions on the popular Bowerhill Industrial Estate, Melksham.


The first was a letting of a brand new industrial unit of 1348 sq ft on Hercules Way to Plastic Engineering Solutions, which was agreed before the ink was even dry on the property particulars. The second was the sale of 4 Avro Way which extends to 4744 sq ft and was sold to local housing association Selwood Housing Group.


Plastic Engineering Solutions already occupy a unit on the Bowerhill Estate and were looking for additional space for some of their larger machinery.


Selwood Housing Group’s repairs and improvements social enterprise, Silcoa, will now occupy the unit on Avro Way.


Jo Sutton, Kavanaghs Commercial Team Negotiator, said “Both of these units came to the market at just the right time for these tenants, and deals were tied up and completed swiftly”. We are finding that there is a severe shortage of industrial properties as a result of demand outstripping the supply.


If you are a commercial Landlord who has a property to let, please call the commercial team . We are confident we will be able to find a suitable tenant”.


10 I


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“For anyone sitting on an empty property, there are solutions that can be put in place to avoid the payment of empty property rates,” added the spokesperson. “We have more than a decade of experience in this complex field; a deep understanding of property rating legislation and how to reduce liability on empty properties.”


Here are a couple of examples of the savings that can be made through Crusader.


Example 1: Empty industrial/warehouse with annual payable rates of £200,000. Crusader will save you £180,000 (all fees paid).


Example 2: Empty industrial/warehouse with annual payable rates of £87,000. Crusader will save you £75,690 (all fees paid).


Those are hugely significant savings and it isn’t just the industrial units (of all sizes) that stand to benefit - smaller retail and office properties qualify too.


“Annual savings upwards of 80% are very common across all types of properties and that figure can rise as high as 93%,” said the spokesperson.


“So, if you are a property owner paying empty property rates, simply get in touch with the Crusader team to start the process and make serious and completely legal savings.”


The Crusader Empty Property Rates Avoidance team can be contacted via:


enquiries@crusader-epra.com or by calling 01772 369166


Please see Crusader advertisement on the inside cover of this issue.


Birketts advises Howards Estate Agency on sale to SpicerHaart


T


op 100 law firm Birketts has advised the owner of Howards Estate Agency (a leading Estate Agent in Norfolk and North Suffolk) on its sale to family-run business, SpicerHaart. Founded in 1926, Howards has established itself as a leading Estate Agent in Norfolk and North Suffolk.


SpicerHaart, a family-run business, employs more than 2,000 employees across the UK and is headquartered in Colchester, Essex.


Birketts advised on all legal matters with Ed Savory leading the team with assistance provided by Monty Chamberlain (Corporate), Andrew Ridout (Commercial Property), Ben Clarke (Corporate / Commercial Property), Catherine Hepworth (Employment) and Karl Pocock (Tax).


Adam Darling, ex-Director at Howards Estate Agency said: “We needed a law firm that could advise on a number of legal matters, had excellent local market knowledge and a reputation for clear, legal advice.”


Ed Savory, Legal Director at Birketts, added: “It was a pleasure to advise the seller of Howards on a successful exit and to work on a friendly and professional merger that is so beneficial to both parties. On behalf of everyone at Birketts we wish the newly merged business every success in the future.”


COMMERCIAL PROPERTY MONTHLY 2018


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