Monthly Archives: February 2015

10 Causes of Sales Failing Due to Bad Conveyancing

This latest acquisition will take the centre to 2,230 sq m (24,000 sq ft) and enable Bankside to satisfy latent demand for larger units units in Bevis Marks will be in the 50 sq m to 74 sq m (540 sq ft to 800 sq ft) size range. The former Harvestime premises at Unit 10, Crossgrange Trading Estate, Newton Abbot TQ12 have been sold for £350,000. NAI Gooch Webster, acting for Meghraj Properties Ltd, has sold a 998 year leasehold to The Soap Company Limited, who manufacture and distribute cosmetics.

 

The sensitive redevelopment, which retains its original faqade, is arranged over three trading levels and has been taken on a new ground lease.  As effectively specified, each one state has diverse conveyancing laws, requirements, hunts and expenses.

The unit comprises 1,288.4 m2 (13,869 sq ft) of light industrial/distribution space.There was a huge demand for the building,” reports Phil Wade of agents NAI Gooch Webster, “which really reflects the continuing strength of Newton Abbott as a distribution centre. Its location  mid-way between Exeter and Plymouth and serving a well populated area –is making it a very popular choice.

Every time we market a building locally we are encountering a lot of unsatisfied demand for quality space. Eye Clinic, represented by NAI Gooch Webster, has acquired two more units – in Kensington and Eastcheap – bringing their representation in central London to five. 179 Kensington High Street, London W14, previously occupied by Past Times, has been acquired on a new 15-year lease from clients of Insignia Richard Ellis.

The ground floor has an area of 112.87 sq m (1,215 sq ft) while the basement has 122.62 sq m (1,320 sq ft). Unit B, 13/21 Eastcheap, London EC3, is part of a redevelopment being carried out by Taylor Woodrow. The unit is arranged over two floors, with the ground floor approximately 157.93 sq m (1,700 sq ft) in size and the basement 133.96 sq m (1,442 sq ft. ).

Taylor Woodrow is represented by Lambert Smith Hampton. The other three units already in central London are in Regent Street, Cheapside and Shaftesbury Avenue. Legal formalities are also being progressed on units in Cardiff, Reading and Birmingham.

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On behalf of BH&S, Dechert and Cluttons, I would like to thank all those who have helped to support the Climb Golf Challenge with their time and money. It was a wonderful way to raise funds for a worthwhile cause and an enjoyable gathering of old and new friends from the property industry.

 

New directors, Duncan Trench BSc Hons, ARICS and Charles Halvieim MSc, DipLaw, BSc, ARICS, offer complimentary skills in different sectors of the firm’s core business. Duncan, a project manager, has particularly strong experience in the commercial sector and with mixed-use schemes. Best settlement agent in Perth handles your lawful matters with regards to property managing.

The new associate director, Douglas Pavely BSc, ARICS, has worked on a range of public and private sector schemes since he joined Barrie Tankel Partnership five years ago. These promotions coincide with a restructuring of the firm following a strategic review that has appointed Barrie Tankel as company Chairman, and Kevin Quinn and John Brennan appointed as joint managing directors.

Operating from offices in the landmark Marble Arch Tower, Barrie Tankel Partnership plc is a respected.  Dron & Wright has agreed to take 22 Bevis Marks, London EC3 – a self contained office building of 604 sq m (6,500 sq ft) to create an annexe to the highly successful Bankside Business Centre which it manages and owns.

The building has been taken on a new 11-year lease from RREEF (acting for Strathclyde Pension Fund) at a rent equating to £350 per sq m (£32.50 per sq ft).  Dron & Wright set up Bankside Business Centre at Bankside House, Leadenhall Street, London EC3, in 1996. Major current projects include the refurbishment of Holborn Town Hall, 229 apartments at Carlton Gate in West London and a 95,000sq-ft retail park in Cambridge.

Originally just 743 sq m (8,000 sq ft) in total, the business centre has gone from strength to strength and has expanded on four previous occasions. Currently the centre comprises a total of 1,624 sq m (17,500 sq ft) and is operating at 95-100% occupancy. Units range from 7.5 sq m (80 sq ft) to 49 sq m (530 sq ft).

 

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A high quality tenant as Scottish Life to complete an outstanding tenant profile within the building. Two car parking spaces were also taken at an additional rental of £2,750 per annum.
Clerical Medical Investment Group Limited are delighted to announce the letting of the last remaining floor at 227 West George Street to Scottish Life Assurance Company. Scottish Life have taken the second floor, extending to 5,694 sq ft, on a new 12 year lease at a rental of £17.75 per sq ft. You can evade immoderate postal charges, and are not limited to just conveying inside available time with Best Conveyancer Melbourne.

New Look and Warner Bros. Studio Stores Limited, have joined other high profile retailers at Legal & General’s St George;s Shopping Centre, Preston. With a sales area of 804.92 sq m (8660 sq ft) and an ancillary area of 249.69 sq m (2687 sq ft) the new store will open for business in November.

Warner Bros., which operates 15 units throughout the UK, selling adults and children’s clothing, accessories, toys, gifts and art began trading at the centre on 26th October 2000. Both stores will add to the quality tenant mix building up at St.Georges, which includes Marks & Spencer, H & M, Eisennegger, Wallis and Costa Coffee.

H&Ms two level, 20,000 sq ft flagship store opened for business earlier this month, as did the new Bar Censsa, the latest Scottish & Newcastle venture. A total of 48 clients and contacts from the property industry joined the hosts for two golf competitions over a period of three days.

Baring, Houston & Saunders (B,H&S), Dechert and Cluttons (Building Surveying & Project Management Division) are delighted with the success of the Climb Golf Challenge which they jointly organised and sponsored at the Brigode Golf Club in Lille. In addition, a charity auction of gifts donated by many of the companies taking part was very 1 well received, raising in excess of £7,000.

It included some unusual and generous gifts such as: drumsticks and a self portrait from Phil Collins and a signed Arsenal team shirt. It was a most enjoyable event, although some people felt that they might have had a better score if they had been using Phil Collins’ drum sticks instead of golf clubs!

 

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Startine, with a brief business update, UK president David Turner reported that the UK Chapter is now the largest in the world after New York, recently overtaking Chicago, and that at the annual Symposium held in the US, the Chapter had won the 2000 Recruitment Award and that VP membership Robin Tassell had been named Associate of the Year. Speaker Stacey Litwin-Davies of SpaceShift then took the floor to explain the difficulties and advantages of doing business over the internet.
 In setting up SpaceShift, Staccy and her partner Kevin Hewitt have carried out extensive research into a wide variety of websites both consumer and busines to b-csiness, reaching the conclusion that what works is interaction. “While the web provides access to information” she said, “a site is really only successful if it provides a result.”

And, using questionnaires, provide the answers, taking the client from start to finish. It is a service we have designed to be user friendly and provide a fast turn around” she concluded, “aimed to answer the needs of the small, medium and growing business.”An exciting new venture in Nottingham;s Lace Market will be the first in the UK to combine Internet access and computer games in a sophisticated Cafe Bar setting. David Hargreaves of Fisher Hargreaves Proctor set up the deal for the 4,000 sq ft ground floor property.

He said;This is an ideal location for this type of venue. It&;s going to be a first for Nottingham and offers a serious alternative to the usual Bars and Clubs scene. The design is focused on the Digital Arena. In addition, The Forum is a self-contained suite of 20 computers available for training, private parties and business events.

David Swarbrick of Mouseroom said: &;We aim to bridge the gap between business and leisure. These serve different parts of the Market and ignore the demands of serious gamers and training. We want customers to come to Mouseroom in groups and to stay longer than is usual in an internet cafe situation.

We have a much more attractive mix of uses and a serious approach to food and drink.games tournaments and internet-based play with other games centres in the UK and around the world. The conveyancing is done by authorized conveyancing like Act Conveyancing Company Sydney and all the specialists are enrolled with the law society.

David Swarbrick said: &You don&;t have to be a computer genius to enjoy games or the internet. We want customers to see computers as a user-friendly leisure activity. Instead of people locking themselves away at home to surf the net or play games we want them to come out as a group and turn it into an enjoyable social activity.

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The building occupies a central, prominent site on Norreys Drive and dominates the entrance to Vanwall Business Park where a further 18,580 sq m (200,000 sq ft) is currently under construction (by Frogmore).”It is as importantfor a private partnership to have non-executive input as it is for a company. There is a vast range of expertise and experience in our practice and Philip will complement that by bringing a wider dimension to the development of the business. We are delighted that he has agreed tojoin us – his experience and stature in the property industry are exceptional.

 

James Smith Estates Plc has let its offices at Kestrel Court, Pound Road, Chertsey, Surrey to Headcount Field Marketing Limited, part of the Cordiant Group Plc prior to practical completion. Following a £300,000 refurbishment of the offices the field marketing company has signed a 15-year lease for 884.6 sq m (9,522 sq ft) of space at a rent of £240,000 pa.

Rent reviews will be held five yearly with a break option available in the 11th year.Headcount, one of the UK;s leading field marketing providers, intends to use the refurbished office space as its new regional headquarters following its relocation from London Road, Chertsey. James Smith Estates Plc purchased the property for £1.88 million late last year.

Kobe Steel Europe Limited has assigned its leasehold interest at 10 Nugent Road, Surrey Research Park, Guildford to ReNeuron Limited. The specialist pharmacological company researching in diseases such as Alzheimers and Parkinsons will occupy the 1,168.35 sq m (12,576 sq ft) laboratory and office building until. Surrey Research Park is owned and managed by Surrey University and ReNeuron join other science-based companies such as BOC, Canon and Borax.

NACORE Europe, UK’s September national Chapter Meeting was held at  Baring Houston & Saunders Devonshire Square offices, London ECI at which over 40 members and guests heard a presentation from about-to-launch online office accommodation service SpaceShift on the ‘Virtual Estate Agency’. For more data on the diverse sort of reviews, click here to visit Enact Conveyancing company Brisbane glossary.

Vail Williams advised Kobe Steel Europe Limited and MacLeod Hanlon represented ReNeuron.SpaceShift aims to provide a full transaction service to businesses wishing to relocate or re-organise space and unable or unwilling to employ teams of expensive advisors. “SpaceShift,” she explained.

Reasonable market value and Property depreciation schedule

The consent is for 4,650 sq m (55,000 sq ft) of retail space which has been designed as a flagship store for a premier retailer, with offices and an arts multiplex cinema. Chelsfield is undertaking the development, in association with the Crown Estate, who are the freehold owners. Construction will involve the demolition behind a Grade II listed façade, and it is planned that the successful retailer will be able to trade in time for Christmas 2002. Both report strong overseas interest from retailers looking to combine a flagship store and Head Office. Nick Roberts of Chelsfield says,;New Plaza is an important retail opportunity because modern rectangular space of this size in the heart of London;s West End is in great demand. Its open floors of up to 1,100 sq m (11,800 sq ft) will allow a major retailer to create a flagship store. The New Plaza is also a visually exciting building and highly visible from Piccadilly Circus.

The elevations will be illuminated and we are restoring the roof dome to its former glory with water gently running over it.  In such depreciation of tax, the bookkeeper will let you know if the property is worth buying or not depending on the rate of  property consistently.

Elspeth Miller of the Crown Estate comments,;We are delighted that planning permission has been granted and marketing is under way. Securing an exciting and quality retailer for this flagship store will help us to fulfil our strategy of improving Lower Regent Street, in terms of both building quality and retail mix. We expect New Plaza to link the vibrancy of Piccadilly with the sophistication of Jermyn Street.

commented Jeremy Richardson at Milton Investments following their sale of the recently let, a Grade A office building on the Vanwall Business Park, Maidenhead, to Henderson Investors for £9,775,000 representing a yield of 6.4%.The 2,061 sq m (22,185 sq ft) building on ground and two upper floors was let earlier this summer to 360 Networks (UK) Limited (formerly World-Wide Fibre Limited) at an annual rent of £661,680 equating to per sq m (£30 per sq ft) on a new 20 year lease.