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.