The South East


Don’t Tell Anyone I Mentioned This! (or good value property opportunities few have thought about, yet)


or indeed the depression you have when your daughters bring home a succession of nerds who are brilliant at CAD or Microsoft, but can’t move an empty mug to the sink or operate a dishwasher or make an omelette and think the left hand is made for holding a Costa Coffee carton, but to point out in these uncertain times there are some real value for money purchases which seem to go unnoticed by Gen Z, the Millennials and in fact all generations as far as I can see.


These are the commercial enterprises accommodation for


sale.


“It’s a lot for your money…” my old boss said to me as a young (then trainee) surveyor in a property company in Weybridge in the early ‘70’s. But how do you put a value on it I asked. “ You can’t; it’s just a lot for your money”. The property world was a little different then, you could buy and sell with relative ease with lawyers moving with speed which would make your average local solicitor these days suffer from whiplash. Architects and surveyors then could conjure up a really good feasibility study in a day or so, and your friendly and knowledgeable builder, who actually knew about building and build costs, would turn up when he said he would. Don’t get me wrong there are some really good solicitors, architects and surveyor’s and indeed builders, who often get a bad press. Perhaps you never hear of the good builders as their clients do not want to broadcast good news for fear of losing them.


We are constantly being challenged by the Millennials and Gen ‘‘Z’s’, that we, the Baby Boomers, had all the good times with the rabid inflation, in this case, of residential property prices in the last 50 years or so. Perhaps you were lucky enough to buy your 1930’s semi-detached in Shepperton for the same price these days as a cracking lunch for 6 at the Savoy, or the Range Rover Service. If so, today, you are probably sitting on a valuable piece of real estate.


However, if you decided to sell up and go abroad, and 10 years later find you can’t afford to come back to the UK, because the good life in Cyprus or the Costa del Sunshine, together with the annuity you had bought, or rather were sold in 2015 when you retired has not kept up with inflation, you would be struggling.


‘My pension pot’, you often hear stating the value of your property. This is without thinking of the looming and soaring costs of residential care. It does make dropping down dead in the street have its attractions?


Quality care starts at about £5,000.00 per month. So when Isabella and Tarquin come running to you for a Bank of Parental or Grand Parental loan / gift, you should tell them to go and earn it. The Baby Boomers did.


The point of this article was not to go on about residential property prices or the cost of care,


60 Enterprises, with which,


with a bit of work, and brains but not essential providing one partner has them will provide good income and accommodation. Our colleagues in the commercial property world, and they know who they are, are amazed at some of the value for money – we never say cheap – freehold business enterprises for sale providing a roof over your head, a couple of acres, and in some cases for less money than a posh bungalow in West Chiltington or Bexhill on Sea!


South East Commercial agents, at the time of writing, have a few cracking buys which I will not name but for instance for circa £1.5M near Hastings you can acquire a 25 room Hotel, Restaurant, Bar beautiful location, separate Staff and detached owners accommodation. In Hampshire a Pub Restaurant for just over £400,000 +VAT and overlooking the River Itchen!


Near Billingshurst, West Sussex you can get your own Camp Site, 2.3 acres, Pub, Restaurant and Bar, Car Park etc., for less than a £1M.


One such amazing property, I am able to divulge, is the Chequers Hotel in Pulborough on the edge of the National Park, which we are marketing with a Guide Price of £1.25M. Check out www.cpaproperty. co.uk. This is ridiculously good value in a brilliant position, in good condition, seriously profitable, (accounts available after first viewing), and has massive scope to expand with some enterprise, and probably more importantly initiative?


All these properties could be a good investment for the Bank of Mum and Dad but importantly, please take professional


advice with any


purchase! Your local commercial agents will be able to help and or point you in the right direction.


It’s a bit like a young lady who quite rightly asked the question of a friend of mine as to why she did not get the job after the interview. His response was “you didn’t show me any initiative”, to which she allegedly replied, “ you didn’t ask me to”


Contact CPA Property on: 01798 831250


info@cpaproperty.co.uk www.cpaproperty.co.uk


Irwin Mitchell Appoints Two New Senior Heads of Property Guy Sackett to lead


Irwin Mitchell’s National Real Estate Team and Garrath Reayer to lead Residential Property


Guy Sackett 2


National law firm Irwin Mitchell has appointed partner Guy Sackett


as its new Head of Real Estate. Guy is replacing Adrian Barlow, who is retiring from the partnership.


In addition, Garrath Reayer has been appointed new Head of Residential Property, following the retirement of Jeremy Raj earlier this year.


Commenting on his appointment, Guy Sackett said, “I am excited to be taking over the reins of IM’s Real Estate Division at a time when the new government’s policies are fixed firmly on addressing the housing crisis and delivering on planning and environmental reform. All of these play to IM’s strengths and provide us with a great platform for growth.”


Garrath Reayer


Garrath Reayer, National Head of Residential Property


Irwin Mitchell’s National Residential Property Team covers the full remit of residential property advice including


residential sales, acquisitions, refinances, leasehold enfranchisement and secured lending across the UK. The Team offers market competitive fee rates, providing an advisory rather than mere executory service. The provision of a “Platinum Service” being of paramount importance.


Commenting on his appointment, Garrath Reayer said,


“I am obviously


very excited to be appointed to the role. We have a well-established, experienced and very dedicated Team who work tirelessly for our clients. I am extremely confident that we will build on the Team’s existing strong foundations. It is an exciting time to be a part of Irwin Mitchell with the firm going from strength to strength!”


COMMERCIAL PROPERTY MONTHLY 2024


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