https://www.thelandsite.co.uk/professional-services/30-StrettonsKirkdale Rd, Bushwood, London E11 1HP, UK[email protected]https://www.thelandsite.co.uk/files/members/509967825bb011e98dac024b03131eda/58-5cb47e22ca5a9377627244.png
Strettons
We are a leading, independent firm of property advisors with expertise across a wide range of commercial and residential property. Our in-house services include agency, auctions, management and valuations to provide comprehensive advice.
Our latest quarterly rent research looks at prime industrial rents for industrial units to let. Our data shows these rents have continued to increase over the past 12 months despite macro-economic headwinds.
Our Managing Director and property management expert Simon Tilsiter shares insights into how active commercial property management can protect rental income and grow value during the cost-of-living crisis.
The UK Government has published a Fairer Private Rented Sector White Paper claiming it will rectify the balance between landlords and the private rented sector (PRS).
The UK Government opened a consultation on 30th September 2020 proposing to increase the rating required for a satisfactory Energy Performance Certificate
You may remember that a new mediation pilot was introduced earlier this year to help resolve landlord and tenant possession court cases without the need for face-to-face court hearings.
During these difficult times, lenders, or anyone that may have lent or invested money and taken a charge over a property, may be faced with the difficult issue of what steps they can take to recover a loan that is in default or over term.
Working with Strettons, Creative Land Trust recently exchanged contracts for the acquisition of Stone Studios in the heart of Hackney Wick from developer Telford Homes.
As you will recall, the eviction ban was extended until 31st March. However, as this date is fast approaching, the Government have decided to extend this further until 31st May and then it will gradually fade back to normality.
Since the onset of Covid restrictions in the UK, our office, industrial and retail agency teams have continued working hard for our clients and adapting how we are bringing their properties to market.
We have been advised of new guidance being implemented on 25th November 2020 regarding Right to Rent regulations for applicants wanting to rent residential premises in England.
As was widely expected, Chancellor Rishi Sunak announced changes to stamp duty in Wednesday’s summer economic update, to help cut the costs of anyone buying a home in addition to a range of measures designed to boost the UK economy following the Coronavirus/Covid-19 crisis.
On 19th June 2020, the government introduced a new code of practice designed to provide clarity and reassurance to help support landlords and tenants affected by the crisis with the tools to come to a mutually beneficial agreement.
A key part of any property valuation is the inspection of an existing property, a site to be developed or a scheme under construction. For the last two months, physical inspections have been on hold while we all adhere to government guidance.
In uncertain times, property owners need professional advice more than ever to ensure the value of their investment is maintained, and where possible, enhanced.
A few trends have emerged over the last seven weeks, and our office agency team summarise below some of the key trends from the enquiries and feedback we have received since the UK has entered lockdown.
The COVID-19 pandemic has led to a testing time for the property and lending industry and one of Strettons Registered Property Receivers, Paul Joseph has set out a few thoughts.
Acquiring commercial sites to convert to residential use is proving an increasingly popular strategy among property developers. Here Strettons look at how to avoid the common pitfalls.
We recently had an instance over the sale of a Grade I Listed fire damaged mansion in Cheshire where the borrower sought to obtain an injunction restraining us from selling. Agreements were reached to delay a sale but we are reminded of a similar attempted injunction against us in 2017 where a London judge said to the borrower:
There has been continuous media coverage surrounding the lack of available housing and the need to build more houses, which has significantly increased pressure on local councils to find new homes. They are increasingly needing to be more creative in accommodating residents at affordable levels.
Over the past 30 years, Strettons have advised numerous charities how best to dispose of a variety of properties including schools, churches, synagogues, halls, houses, and land and whether it would be best for them to sell by private treaty or auction.With the improved market, often with several parties chasing a property, it might seem logical for auction to be the best method of disposal. However, a charity and its trustees, who have a legal responsibility, need to be satisfied that they are making the right decision.
So, you own a great commercial investment, let on full repairing terms to a blue-chip covenant. Great. Sit back, collect the rent, relax as there's nothing to do? Well sometimes it works like that, but more often than not blue-chip companies fail to adhere to their repairing covenants.
There was strong demand for well-priced vacant residential lots with the first lot of the day, a house in Edmonton N9 guided at £250,000+, selling for £323,000 shortly followed by a pair of houses in Bromley, one let, one vacant, guided at £460,000+, selling for £572,000. Adding to this, a house and bungalow in Barnet sold for £690,000 and £461,000, respectively and a house in NW9 for £660,000 off a £500,000+ guide.
It is common for parties to vary the terms of an existing lease, particularly in times of economic uncertainty. This can include varying the extent of the demise or varying the rent. It can often allow either party to have greater flexibility but it is a process, not without its pitfalls.
Our sale on 21st May raised over £10m from a room where there was mixed bidding with strong demand for some lots and others just not quite reaching their reserve price.
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