Acting on behalf of R O’Dell Holdings Ltd, London Clancy have sold 36,38,40 Station Road and 1 West Lane, Hayling Island PO11 0ER.
The site and premises had the benefit of a Planning Consent for a new development of 18 apartments ranging from 1 bed to 3 beds plus 3 Retail Units over a site area of circa 0.16 Ha (0.40 acres).
The price obtained was in line with the guiding price of £1m Subject to Contract and was sold to a private developer.
Jim London of London Clancy comments, “This shows the continuing strong interest from developers for the right type of product, including mixed schemes in suitable locations.”
R O’Dell (Holdings) Ltd has a long association with the local area having bought 36 & 38 Station Road in 1989 and ran a hardware and DIY store through its subsidiary Hayling Hardware Ltd until 1996 when that business relocated to Elm Grove. R O’Dell Holdings is now a small family owned Property Company that is keen to improve the locality by replacing the current substandard buildings with a quality development which the community could be proud of. We have put a considerable amount of time and effort into liaising with Havant Borough Council planning officers and incorporating their comments into our proposals which secured the grant of planning.
The site provides a new shop (which could be subdivided into 3 smaller shops), 18 new flats, car parking and new public realm.
With the successful sale of the site R O’Dell Holdings intends to expand and develop a commercial scheme in the centre of Southampton.
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Acting on behalf of private investors, London Clancy has completed two new lettings on the popular industrial estate in Chandlers Ford.
Care Meds Ltd have taken a new 5 year lease on Unit 5 totalling 1,537 sq ft. Unit 12 totalling 3,124 sq ft was let to Measure My Energy Ltd also on a 5 year lease.
Both premises provide a modern high quality business unit configured over two floors providing production/storage on ground floor with fully fitted offices to the first floor.
Alex Welch at London Clancy comments "We are pleased that Units 1, 5 & 12 have all been let to new tenants with limited void periods incurred. There is still increased demand for good quality industrial units like the estate has to offer with stock leverls decreasing. Following a lease end there is currently one unit available at Brickfield Trading Estate, being Unit 16 which provides 2,855 sq ft. We would be pleased to hear of any requirements for any occupiers looking to relocate within Chandlers Ford area".
For further details please contact:
Unit 1 Brickfield Trading Estate, Chandlers Ford, Eastleigh
PAT Testing have taken a new 5 year lease on Unit 1 Brickfield Trading Estate
The building provides a modern high quality business unit providing a total of 2,108 sq ft (196 sq m)
over two floors providing production/storage on ground floor and fully fitted offices to the first floor.
For further details please contact:
CHECK CHALLENGE APPEAL – THE NEW BUSINESS RATES
Following on from the 2017 Rating Revaluation, the Government have radically revised the business rates appeal process as from 1st April, 2017 and introduced a new three-stage system, Check Challenge Appeal (CCA). The new system has been fraught with problems over the last few weeks as the Valuation Office Agency (VOA), ratepayers and their agents have endeavoured to engage with an unnecessarily complex, burdensome and potentially protracted new scheme which appears to have as its sole objective the discouraging of business ratepayers from challenging their new 2017 rateable values.
Of particular concern is the extra work being imposed upon ratepayers before they can seek assistance from an agent.
The new stepped approach is as follows –
1.1 Before a ratepayer and their agent can access the full valuation information relating to the rateable value for their property, the ratepayer must first register to use the VOA CCA online service.
1.2 This involves creating an account with the Government Gateway online service and two main steps for the ratepayer. Firstly, the ratepayer’s company needs to create an organisation Government Gateway ID. Secondly, the ratepayer’s contact is obliged to verify their identity and create a personal record with proof of ID being required, (UK passport, P60 or PAYE details).
1.3 The ratepayer is then required to link their Gateway account to their premises as shown within the VOA website and providing a copy of the current rates bill. Each of the ratepayer’s properties must be linked separately.
1.4 Once the ratepayer has registered as above, a “dashboard” home page will enable properties to be managed, further properties to be linked and at that stage only, the ratepayer can appoint an agent. To complete the appointment, the ratepayer will need the agent’s unique registration code.
2.1 Having registered for CCA, the next phase of the appeal process involves checking the factual information with regards to the subject property. Again this is completed online and the ratepayer/agent must have full survey information available whilst carrying out the “check” as the information cannot be changed once submitted.
2.2 The VOA will then review the suggested changes and request evidence to support those changes, for example, plans, leases and photographs. The VOA have a maximum of 12 months to consider the information supplied and to decide as to whether they accept the alterations being proposed by the ratepayer.
3.1 Once the VOA have issued their Check decision, or 12 months have elapsed since the ratepayer’s Check submission, the rateable value can be challenged in valuation terms by the ratepayer submitting the appropriate form with supporting evidence and statements, which must include the rent details for the subject property, the specific grounds for making the challenge and a fully supported revised rateable value.
3.2 The Challenge must be made within 4 months of the VOA Check decision.
3.3 The supporting documents for the Challenge should include comparable rental evidence, any relevant case law and a fully argued submission. Additional evidence will only be permitted at later stages during the appeal process in “exceptional circumstances”.
3.4 Once the full Challenge submission has been made by the ratepayer, the VOA have a maximum of 18 months to consider the Challenge and if appropriate engage in negotiations, finally providing their evidence and thereafter issuing their Challenge decision.
4.1 If the ratepayer does not agree with the VOA Challenge decision, an appeal can be made to the Valuation Tribunal. The appeal must be made within four months of the Challenge decision.
4.2 As at the date of this note, the Valuation Tribunal for England has yet to publish their procedures for appeals against the 2017 Rating List, but it is anticipated that the right to appeal will be limited to “certain circumstances” and will involve lodging a fee with the Tribunal which will only be recoverable if the appeal is “successful”.
Further information to follow.
Dated 27th June, 2017
Sensor Highway Limited has granted a sub-lease to RedLux Limited on The Quadrangle Abbey Park Romsey.
RedLux, the UK's leading developer of optical coordinate measuring machines (CMM), have taken a 13,000 square/feet industrial building to accommodate the company's recent growth and expanded customer base. The expansion is driven by an increase in damand for its leading metrology systems from clients in minnion-critical and technically advanced industries around the world.
"This move represents an existing and pivotal time for RedLux," said Christian Maul, CEO of RedLux. "We have recently seen a significant increase in demand for our ptical coordinate measuring machines, particularly with globel Orthopaedic and Automotive Engineering companies. We rapidly ran out of space in our previous location in Chandlers Ford and the new premises will allow us to keep pace with the demand for our systems, and also provide the much-needed office and lab space for our staff. Despite an uncertain policital and economic climate, we're delighted to be delivering one of the success stories for British engineering".
London Clancy acted on behalf of Sensor Highway Limited while Hughes Ellard advised RedLux Limited who were introduced by Charters Commercial.
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London Clancy are pleased to confirm that new instructions have been received to let Guilbert House, Greenwich Way, Andover. The property comprises a substantial office building conveniently situated on the Andover Ring Road with excellent road communications via the A303, A343, A34 and M3 and direct rail links to London Waterloo. The available accommodation provides predominantly open plan offices and impressive double height atrium and reception area, with office suites to let from 5,314 - 22,101 sq ft (493 – 2,053 sq m). The property sits within landscaped surroundings, has an excellent car parking facilities and local amenities such as the Enham Arch and Churchill Retail Parks and Tesco and Sainsbury’s supermarkets are within easy walking distance.
London Clancy, Chartered Surveyors and Commercial Property Consultants, are delighted to announce the appointment of Keith Enters MRICS to their team in Basingstoke as Senior Surveyor.
Keith is a Registered Valuer and will continue to deal with agency and professional advisory work across Hampshire and Berkshire from the Basingstoke Office.
Keith started his career in Newbury 10 years ago and has subsequently been based in Winchester and more recently, Andover.
Mark Clancy, joint founding Director of London Clancy says ‘We are delighted to welcome Keith and look forward to his extensive experience in the North Hampshire property market adding to our existing coverage across the region’.
Keith is the latest of three new appointments at London Clancy, with Suzanne Curtis joining as an Accounts Clerk and Tom Clancy as a Trainee Surveyor.
London Clancy, acting on behalf of Greenway Property Investments Ltd has sold the investment comprising basement and ground floors of 60 High Street Alton Hampshire and which are fully let to Nero Holdings Ltd. Trading as Caffé Nero.
The lease has 5 years left unexpired and the price obtained was £715,000 Subject to Contract which showed a yield after allowing for costs of some 6.63%.
Jim London of London Clancy commented: “This sale emphasises the continuing strong interest being shown for quality investment properties in the Regions.”
Peter Hale of Hale and Partners and Jon Elliott of JP Elliott Chartered Surveyors acted for the Purchasers, Banbury Properties Ltd.
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