|Three reasons why you should review your office building now...
||1. Exploit surge in demand.
Demand is unusually strong for the right workspace in the right location, and rents have risen accordingly. Supply continues to reduce as redundant offices are converted to residential use, and few new office buildings are being developed. Tenants and their requirements have moved on since the last wave of commercial space was constructed, resulting in strong demand for the right space in the right place.
2. Comply with green legislation.
Not only are occupiers willing to pay more for sustainable buildings with lower running costs, but from 1st April 2018 properties must have a minimum energy performance rating of E on an Energy Performance Certificate (EPC).
3. Reduce empty rates.
Buildings that don't give occupiers what they want will become ever more expensive. The next business rates revaluation will come into effect on 1st April 2017 based on rental value at 1st April 2015. It's seven years since business rates were last assessed, and outdated buildings are likely to suffer even more without empty rates relief.
|Bill Reed is an architect with over thirty years experience of developing, designing and managing small office buildings
as a director of Reedspace Ltd and a partner of Bill Reed Architecture. We have proven design skills to overcome obsolescence, and give buildings a new lease of life, with returns to match. Three ways we may be able to help:
1. Consultancy: We provide expertise for a fee.
2. Joint venture: You contribute the land / building, we add development finance and expertise.
3. Freehold purchase: We buy your building in its current state.
If you have a suitable property in London or the Thames Valley, please contact Bill Reed on 020 7387 4521 for a preliminary discussion. We are fully funded for an immediate decision.