Commercial Property

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Building owners, landlords and tenants From 1st October 2008 all Sellers of commercial building and Landlords will be required to provide an Energy Performance Certificate (“EPC”) for all buildings or parts of buildings when they are rented or sold. EPCs are already required for larger premises that are to be rented or sold (above 2,500 square meters). The EPC provides an energy efficiency A-G rating and recommendations for improvement. It tells potential tenants and buyers about the energy performance of a building...

As from 1 April 2008 there will be no rate relief for empty properties. Currently, if a property is let or occupied for 6 weeks it is entitled to a rate free period of 6 months. Landlords should therefore consider a short-term letting so as to qualify for the rate free period before 1 April. Partial relief is available where part of a building is occupied. Exemptions from rates can apply where a building is perceived to be unlettable, for...

Emma Reed, a partner in our Corporate/Commercial department, has just acted for the purchaser in an acquisition of the entire issued share capital of ACG Management Limited; the company which owns Ashley Manor Nursing Home in Liverpool. The nursing home currently has 72 full time residents and is a thriving business. The acquisition was completed on the 15th of June 2007 for £4.4m. Emma provides a full range of corporate services with particular expertise in the sale and acquisitions of...