OUTLOOK March 2018 A monthly e-newsletter covering Industrial, Commercial & Retail Property in North Oxfordshire,

North Gloucestershire, South Northants and South Warwickshire.

Published by BANKIER SLOAN CHARTERED SURVEYORS.

Acquisitions: Sales: Lettings: Lease Renewals : Rent Reviews : Planning : Rating: Management

BANKIER SLOAN Chartered SurveyorsSugarswell Business Park, Shenington, Banbury, OX15 6HW

Tel: Banbury 01295 688384, Mobile: 07831 338111

email:reception@centre-p.co.uk www.centre-p.co.uk

TO LET: Office (A2) / Retail 1 The Square, Stow-on-the-Wold

New Lease. £12,000 per annum plus VAThttp://www.centre-p.co.uk/Office_Retail_Stow_on_the_Wold.pdf

TO LET: Thorpe Way Industrial Estate, Banbury. New Lease. £8,250 p.a.

http://www.centre-p.co.uk/Unit_14_Thorpe_Way_Banbury.pdf

TO LET: 2,150 sq ft Workshop / Showroom & Offices plus 200 sq ft First Floor Storage. Unit 12, Fosseway Business Park, Moreton-in-Marsh.

Available due to expansion. £16,000 p.a.http://www.centre-p.co.uk/To_Let_Moreton-in-Marsh_Workshop.pdf

33Years

BANKIER

SLOAN PROMOTED HERE FOR THE FIRST TIMETO LET: SUGARSWELL BUSINESS PARK, SHENINGTON2,300 sq ft Unit, comprising Warehouse/Workshop & Offices

Easily split into two units.New 3 or 6 Year Lease. Rent : £20,000 per annum.

For further details please email reception@centre-p.co.ukor call 01295 688384 / 07831 338111

RETAIL INVESTMENT : Ideal for SIPP or small family trust. Two tenants . Main road location. Income £24,000 per annum. Expected sale price around £300,000 For full details please e-mail reception@centre-p.co.uk

We are always pleased to receive information relating to investment properties for our retained clients. As many readers will appreciate, we have considerable knowledge of the commercial property market across the region and are happy to advise on potential acquisitions.

It might be minus 6 degrees outside and blowing a gale, but the fact both myself and my assistant are still working illustrates the limited need for traditional town centre office accommodation. Many businesses can still continue to operate using modern technology. Fifteen years ago all professional businesses needed a smart office. Laptops were just coming in to use, never mind the i-phone* or the galaxy. The ever reducing demand for traditional town centre office accommodation has limited the growth in office rents for many investors, whilst the demand for industrial units (of almost any size) continues to produce good returns for those who have invested in this sector. As ever, we hope you'll find something of interest in this issue of OUTLOOK. Please do not hesitate to contact us with any commercial property issues. Regular readers will appreciated our work is very varied. If you feel we can assist, we will be delighted to hear from you.*p.s The inven�on of the i-phone was only announced by Apple in January 2007 and they only started being sold on June 29, 2007 !

TO LET: Small Self Contained OfficeHook Norton. 3 Year Lease. £80 per week.

http://www.centre-p.co.uk/Office_Studio_to_let_Hook%20Norton.pdf

BANBURY MARKET PLACE FREEHOLD SALE Our clients, the freeholders of this excellent office fronting Market Place, have confirm to us in the last week that they would sell their freehold interest for a price in the region of £185,000. We know this will generate interest. Viewing is highly recommended. A lease also remains available as from 1st May 2018 at £15,000 per annum. http://www.centre-p.co.uk/To_Let_Office_Retail_Market_Place_Banbury.pdf

New Lease. £22,000 plus VAT p.a. http://www.centre-p.co.uk/Unit_to_let_Wildmere_Banbury.pdf

TO LET: Wildmere Road, Banbury

Workshop / Storage / Offices

BUSINESS RATES RELIEFSome readers may wonder why we keep talking about Business Rates Relief, month after month, after month. Well, we think it's very important for small businesses and we're always delighted when the local press around the country or councils take up our stories and run them in some format for the benefit of local businesses. Here are just three examples from February alone. We don't mind if a council doesn't actually credit us as we know the TABLE is ours. We give them permission to up-load for FREE with, or without, a credit to BANKIER SLOAN.

BETTER RETAILING: https://www.betterretailing.com/exclusive-small-businesses-cheated-out-of-gbp38m-in-rates-relief-by-widespread-council-errors

BUSINESS LINK EAST MIDLANDS : https://www.eastmidlandsbusinesslink.co.uk/mag/finance/deadline-looms-charnwood-firms-get-help-business-rates/

AMBER VALLEY COUNCIL : http://info.ambervalley.gov.uk/docarc/docviewer.aspx?docguid=d624b709a95c43649790eaa3f9d9408e

We helped a Nottingham based cricket club recover over £3,000 in February so you can see how beneficial Small Business Rates Relief can be.

TO LET: New Second Floor Office, Home Farm Works, Clifton Road, Deddington, Oxon. New lease. £6,600 plus VAT per annum.

http://www.centre-p.co.uk/To_Let_Second_Floor_Office_Deddington.pdf

AVAILABLE APRIL 2018

TO LET: Open Storage / Haulage Yards, Banbury.

New 1 to 3 Year Leases. Rents: £80 per week.http://www.centre-p.co.uk/Yard_to_let_Banbury_Aynho.pdf

TO LET: 4,300 sq ft Workshop, Kineton. Rent: £20,000 per annum.

http://www.centre-p.co.uk/To_let_workshop_Kineton.pdf

FREEHOLD FOR SALE 700 sq ft Ground Floor Office/Shop.

36 Timms Road, Banbury OX16 9NDhttp://www.centre-p.co.uk/Office_for_sale_Timms_Road_Banbury.pdf

TO LET: Shop / Office, 18 Main Street, Bilton. New 3 or 6 year lease. £12,000 p.a.

http://www.centre-p.co.uk/Shop_Office_to_let_Bilton_Rugby.pdf

We wish to thank PCS Facilities , https://www.pcsfacilities.co.uk/based in Aynho for their considerable efforts and commitment to completing the reconstruction of this unit, based on Fosseway Business Park, Moreton-in-Marsh, in time for the grand opening of the Shakespeare Hospice’s second hand furniture store. We also are very grateful to Ford Electrical , https://www.fordelectrical.co.uk/based near Evesham, for their extensive work over the last few months. We would happily recommend either of these contractors to local businesses.

TO LET: YARD & WORKSHOPNew Lease @ £8,500 p.a.

http://www.centre-p.co.uk/Workshop_To_Let_Lower_Cherwell_Street_Banbury.pdf

BUSINESS RATES : Stop Press (2nd March 2018) To illustrate the amount of relief now available to many businesses, the government have just published their anticipated costs for such relief. This shows a 9% increase in cost to the government between 2 0 1 7 / 2 0 1 8 a n d 2 0 1 8 / 2 0 1 9 o r £ 3 4 0 m i l l i o n . https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/684796/NNDR1_1819_Table_1_web_revised.xlsx

TO LET: Workshop, Deddington 2,500 sq ft. New Lease. £15,000 p.a. plus VAT

T h i s e x c e l l e n t workshop, has good headroom and is located on a long established industrial site on the edge of Deddington. The owners have a site office a n d C C T V i s operational.

http://www.centre-p.co.uk/Workshop_to_let_Oxfordshire.pdf

BANKIER SLOAN Chartered Surveyors

email:reception@centre-p.co.uk

LET FEBRUARY 2018

Small Business Rates Relief 2018 / 2019

These figures are based on the Small Business non-domestic multiplier for 2018 / 2019 which has been set by central government at 48p in the pound.

Below are two tables, the first shows the rates payable from April 2018 by businesses able to claim Small Business Rates Relief who occupy a single property having a Rateable Value between £12,000 and £15,000, for the financial year

2018 / 2019. The second shows the percentage of relief available for each rateable value.

Since the 1st April 2017 businesses occupying only one property with a rateable value below £12,000 should be paying NO rates.

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RV £ RV £ __________________________________________

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12,050 96.40

12,100 193.58

12,150 291.60

12,200 390.36

12,250 489.98

12,300 590.40

12,350 691.56

12,400 793.58

12,450 896.40

12,500 999.96

12,550 1,104.38

12,600 1,209.60

12,650 1,315.56

12,700 1,422.38

12,750 1,530.00

12,800 1,638.36

12,850 1,747.58

12,900 1,857.60

12,950 1,968.36

13,000 2,079.98

13,050 2,192.40

13,100 2,305.56

13,150 2,419.58

13,200 2,534.40

13,250 2,649.96

13,300 2,766.38

13,350 2,883.60

13,400 3,001.56

13,450 3,120.38

13,500 3,240.00

13,550 3,360.36

13,600 3,481.58

13,650 3,603.60

13,700 3,726.36

13,750 3,849.98

13,800 3,974.40

13,850 4,099.56

13,900 4,225.58

13,950 4,352.40

14,000 4,479.96

14,050 4,608.38

14,100 4,737.60

14,150 4,867.55

14,200 4,998.38

14,250 5,130.00

14,300 5,262.35

14,350 5,395.58

14,400 5,529.60

14,450 5,664.35

14,500 5,799.98

14,550 5,936.40

14,600 6,073.55

14,650 6,211.58

14,700 6,350.40

14,750 6,489.95

14,800 6,630.38

14,850 6,771.60

14,900 6,913.55

14,950 7,056.38

15,000 7,200.00

12,000 100.000

12,050 98.333

12,100 96.667

12,150 95.000

12,200 93.333

12,250 91.667

12,300 90.000

12,350 88.333

12,400 86.667

12,450 85.000

12,500 83.333

12,550 81.667

12,600 80.000

12,650 78.333

12,700 76.667

12,750 75.000

12,800 73.333

12,850 71.667

12,900 70.000

12,950 68.333

13,000 66.667

13,050 65.000

13,100 63.333

13,150 61.667

13,200 60.000

13,250 58.333

13,300 56.667

13,350 55.000

13,400 53.333

13,450 51.667

13,500 50.000

13,550 48.333

13,600 46.667

13,650 45.000

13,700 43.333

13,750 41.667

13,800 40.000

13,850 38.333

13,900 36.667

13,950 35.000

14,000 33.333

14,050 31.667

14,100 30.000

14,150 28.333

14,200 26.667

14,250 25.000

14,300 23.333

14,350 21.667

14,400 20.000

14,450 18.333

14,500 16.667

14,550 15.000

14,600 13.333

14,650 11.667

14,700 10.000

14,750 8.333

14,800 6.667

14,850 5.000

14,900 3.333

14,950 1.667

15,000 0.000

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____________________________________RV % relief RV % relief

Key: RV - Rateable Value £ - Amount payable after claiming Small Business Rates Relief for financial year 2018 / 2019N.B. These figures may vary by a few pence due to variations in decimal point calculations

For further advise on Small Business Rates Relief, and other reliefs available to local businesses,

please contact Chartered Surveyors BANKIER SLOAN www.centre-p.co.uk. Last update: Spring 2018.

BANKIER SLOAN Chartered SurveyorsSugarswell Business Park, Shenington, Banbury, OX15 6HW

Tel: Banbury 01295 688384, Mobile: 07831 338111email:reception@centre-p.co.uk www.centre-p.co.uk