Watts?- The Problem!
From 1 April 2018, it will be a legal requirement for new lettings, leases subject to renewal or lease extensions in the private rented sector to have a minimum Energy Performance Rating (EPC) of E or above. As such, newly let properties or lease renewals and extensions after this date that have an EPC Rating […]
Chancellor offers lifeline to ratepayers
Chancellor Phillip Hammond has delivered his first Spring Statement, and befitting the recent thaw in the icy weather conditions, he has, as did his predecessor Nigel Lawson in 1991, predicted the first green shoots of recovery in the public finances, with the deficit now essentially all but eliminated. Hammond also announced that the Rates Revaluation, […]
REVALUATION AND OVERHAUL OF BUSINESS RATES SYSTEM
The biggest change in the Business Rates System since 1990 is about to take place. With effect from 1 April 2017 every non-domestic property in Northamptonshire will receive a new Rateable Value on which Business Rates will be assessed for the following 5 years. There are some notable increases in Rateable Value. For example the […]
EGi Deal Winner 2016 – Underwoods – Most Active Agent in Northamptonshire 2016
Following on from a particularly busy and successful 12 months, Underwoods are delighted to have received national recognition from the Estates Gazette as the ‘Most Active Agent in Northamptonshire 2016’. This is a reflection of all the hard work by the Underwoods team, and with a busy pipeline for the upcoming year, we are hoping […]
Buildings Insurance – Risk or Cost?
Buildings insurance for commercial properties is an important commodity to get right, not only does it protect the building, it can also protect any loss of rent and other consequential losses (depending upon policy terms). Over the past five or so years of recession, it has more than likely been tempting to leave the policy, […]
Business Rates – The Hard Sell
I took a call from a client today who says that as he was being infested with swarms of flies he thought it must be time to take some advice on his Business Rates. The swarms of flies referred to are the endless hard sell phone calls coming through from so called rating consultants. My […]
Phoenix is Emerging
Underwoods have recently completed a letting on behalf of their client, Borough Council of Wellingborough, of Unit 6 Phoenix Court to S & J Kenny Carpets. This site already has a number of high profile occupiers such as Crown Decorating Centre, Denmans Electrical Wholesalers, Plastic Wizard Ltd and Gomex Tools Ltd. The site is emerging […]
Wellingborough is Open for Business
It has become increasingly difficult to find an industrial unit in recent times with demand increasing with the improving economic situation. Wellingborough is however very much still open for business with units available from between 1,000 sq ft up to just over 5,000 sq ft all located on the easily accessible Park Farm Industrial Estate […]
Commercial Property Sales
Underwoods have recently completed several commercial property sales in Northampton town centre that provide further evidence as to the strength of the local market. These include:- 13-17 Bridge Street a part Grade II listed retail premises formerly occupied by White and Bishop Ltd for over 80 years has been sold to a local developer who […]
Property & Pensions
Financial advisors tend to counsel against commercial property investments as part of a pension fund on the grounds that they are illiquid, can be subject to void periods with no rental income (and related costs) and that values can go down as well as up. However, there are very good reasons why overseas investors have […]
