67 years old and still going strong!
— 21 Apr 2021 13:34:58 by Philip Manning
The Landlord & Tenant Act 1954 (the Act) was a landmark Act and is key to commercial property transactions today. (read more...)
Dispute Resolution – whether to use an Arbitrator or Independent Valuer
— 9 Mar 2021 14:34:52 by Colin Davies
Almost all commercial leases have a dispute resolving mechanism for rent reviews. This is usually by the appointment of an Arbitrator or Independent Valuer. (read more...)
Exploring the history of Prince Albert Street
— 15 Dec 2020 17:10:31 by Nick Mills
Our Commercial Agency team are pleased to confirm that a new tenancy has been completed on the former Café Rouge premises at 24 Prince Albert Street, Brighton. (read more...)
What is the best bid for a freehold sale?
— 18 Nov 2020 17:40:49 by James Haywood
A best bid scenario is often requested when selling a freehold property, depending on the level of interest. It allows for a fixed period of marketing, with interested parties invited to put forward their best and final offer, subject to contract. (read more...)
What is a Flying Freehold?
— 29 Oct 2020 09:52:08 by Jack Peacock
Unsurprisingly, Flying Freeholds are not properties with wings, but instead arise where a freehold overhangs or underlies another freehold. (read more...)
What is the RICS Red Book?
— 29 Oct 2020 09:50:21 by Jack Peacock
Chartered Surveyors and Registered Valuers will often refer to the Red Book. The Red Book is quite literally, a red book, hence the name given to the RICS Valuation – Global Standards, which governs the majority of work undertaken by Valuers. (read more...)
How do you calculate a rental figure for commercial retail space?
— 29 Oct 2020 09:49:37 by James Haywood
The standard method used for correctly working out a value for a shop is called, “Zoning”. The shop is divided into a number of zones, each one a depth of 20 feet. (read more...)
What are Heads of Terms?
— 29 Oct 2020 09:46:27 by Jack Peacock
The initial agreement for a letting or sale between parties is usually set out in ‘Heads of Terms’. Heads of Terms are the main terms which the parties have mutually agreed to, before entering into a legally binding contract. (read more...)
Why do Chartered Building Surveyors need to prepare a Major Works Plan for your building?
— 6 Oct 2020 12:33:29 by Nick Mills
When you own or are buying a leasehold flat, you want to have full knowledge of the future costs of owning that flat. (read more...)
How does the new Electronic Communications Code affect Landowners / Landlords?
— 1 Oct 2020 11:05:19 by Mark Deacon
In today’s world, and especially in the current climate, mobile phone connectivity is key. (read more...)
Why should you have your building revalued every three years for insurance reinstatement purposes?
— 16 Sep 2020 08:08:06 by Nick Mills
A key role of a managing agent is to ensure that in the event of fire, flood or other ‘insured peril’, every building entrusted to their management has adequate insurance cover. (read more...)
Use Classes Amendment to the Town and Country Planning (England) Regulations 2020
— 14 Sep 2020 15:52:14 by Philip Manning
From 1st September 2020, significant changes to the Town & Country Planning (Use Classes) Order 1987 came into effect in the hope of reviving our high streets, which have been struggling for some time, not least due to the growth in online retail. (read more...)
— 6 Aug 2020 10:26:53 by Philip Manning
Whilst no taxes are popular, business rates attract particular vitriol from most of the parties involved, especially from those liable to pay them and towards the professionals involved in assessing them. (read more...)
A contentious vision for Valley Gardens
— 6 Aug 2020 10:22:43 by Nick Mills
So here we are - at the beginning of the decade in which Brighton & Hove City Council has pledged to achieve carbon neutrality. They have just begun the final stage of consultation for phase 3 of the Valley Gardens transport project (detailed here). (read more...)
City update – looking ahead to the summer as lockdown eases
— 2 Jul 2020 13:58:58 by Scott Lynch
The other day I read an article on the BBC news site about how the commercial sector is going to be affected by… you know what. (read more...)
What is a Chartered Surveyor?
— 25 Jun 2020 14:11:16 by Jack Peacock
A Chartered Surveyor is a professional Member or Fellow of the Royal Institution of Chartered Surveyors (RICS), with the right to use MRICS or FRICS after their name. (read more...)
Widening city centre pavements ahead of shops reopening
— 11 Jun 2020 14:23:20 by David Renaut
Brighton & Hove City Council have used emergency government funding to make it easier for people to socially distance as the city reopens. Work has already begun on widening the pavements in the Old Town and St. (read more...)
Understanding Collective Enfranchisement
— 29 May 2020 09:52:06
The GS&P Professional department have received two new instructions this week for valuations on Collective Enfranchisement. One is in Brighton and the other in Burgess Hill.
It’s worth pointing out that Enfranchisement is entirely statutory. (read more...)
What does “material uncertainty” mean for property valuations?
— 18 May 2020 12:32:36 by Mark Deacon
Since lockdown our Professional Services team have undertaken RICS Red Book Statutory Valuations for a number of different reasons, such as Inheritance Tax (Probate), Leasehold Extensions, Pension Fund and Insurance. (read more...)
The pandemic effect on Commercial Property Management
— 13 May 2020 14:12:11 by David Renaut
The vibrancy of Brighton & Hove owes a lot to the wide variety of its independent retailers and restauranteurs. It is very strange to see so many shuttered and unoccupied both day and night. (read more...)
Business rates revaluation postponed
— 12 May 2020 15:15:03 by Philip Manning
A revaluation of business rates will no longer take place in 2021, helping to reduce uncertainty for firms affected by the impact of Coronavirus, Communities Secretary Rt Hon Robert Jenrick MP has announced. (read more...)
City Centre Retail – The Challenge Ahead
— 8 Nov 2019 16:59:07
The past 18 months have seen a number of high profile retail casualties including Toys 'R' Us, House of Fraser, Maplin, Poundworld and Mothercare. (read more...)
New rules for portfolio landlords
— 30 Jan 2019 17:17:30
The Prudential Regulation Authority - part of the Bank of England - are enforcing tougher standards to prevent high risk lending to portfolio landlords. The definition of a “portfolio landlord” is someone with four or more mortgaged properties. (read more...)
Why you need professional advice for commercial property
— 28 Jan 2019 12:47:05
One of the most important decisions for your business will be the acquisition of a commercial property. Whether for your own occupation (to buy or rent) or as an investment, it makes sense to instruct a specialist firm. (read more...)