Strong Demand for Investment Opportunities
Underwoods have recently completed the sale of an industrial investment property at 3 Vaux Road, Wellingborough following strong demand during the marketing period. The premises comprise quality modern accommodation occupying on a generous site extending in all to 1.083 acres, with potential for future expansion and development. Let to Wyvern Cargo, a successful haulage company […]
The Valuation of Licensed and Leisure Properties
It was the debacle over valuations of Queens Moat Hotels in the early 90’s that lead to the wholesale rewriting of Valuation Manuals & the content of Valuation Reports. Nevertheless, valuation methods are largely unchanged. The value of licensed and leisure premises is inextricably linked to trading performance and potential. Purchasers are buying into earnings […]
Compulsory Purchase – Coming to a Property Near you?
In the old days, Public Authorities would use compulsory powers to acquire land for public purposes. The world has moved on and the majority of Compulsory Purchase Orders relate to schemes where the Public Authority is acting in partnership with private developers using their compulsory powers to assemble sites for development. On the face of […]
Management – The Results Speak for themselves
By offering the full package for any management client the results speak for themselves. For one major management client over the last 3 years Underwoods have successfully reduced their vacant properties down by three quarters. This in conjunction with the rolling programme of lease renewals and rent reviews has helped to retain tenants in properties […]
Seek Lease Renewal advice to create capital value
A month doesn’t go by without somebody writing about extended permitted development rights. These measure were bought in by the Government primarily to provide impetus to an ailing Town Centre commercial property market slain by contemporary trends towards out of town retailing and modern purpose built office parks. With a buoyant local residential market and […]
