BUSINESS RATES - APRIL 2017


Did you know that the draft valuation list has now been published and you can log on to the Government website and check what the proposed business rates are for any business property. The new figures apply to all properties as from 1st April, 2017. The web address is www.gov.uk/correct-your-business-rates

Additionally, as from 1st April, 2017, the threshold for claiming Small Business Rates Relief is being increased to a Rateable Value of £15,000 from £12,000.

If you require any advice regarding your rates, please contact the office on 01543 506640 or fill out our contact form here

News

11/08/2017 - Unit 4 Point North, Virage Park, Cannock

Mid terraced industrial unit approximately 3,901 sq ft fronting the Walsall Road (A34) Cannock.  The unit contains warehouse and offices.  Let on a 6 year lease to All Weather Leisure off quoting rent £21,750 per annum exclusive.

12/07/2017 - Units 20 & 21 Brindleys Business Park, Cannock.

Industrial unit suitable for trade counter use approximately 3,446 sq ft located on Brindleys Business Park.  Let on a 10 year lease to a plumbers merchant quoting off a rent of £25,850 pax.

12/07/2017 - Unit 9 Brindleys Business Park, Cannock

Modern industrial unit approximately 1,206 sq ft on Brindleys Business Park situated off Chaseside Drive with office, kitchenette and wc facilities.  Let to Lypa Ltd on a 6 year lease quoting off a rent of £6,750 pax.

16/06/2017 - Towers Point, Towers Business Park, Rugeley

4th floor offices let April 20107 on a modern purpose built estate occupying a prominent position which forms a focal point for Towers Business Park.  Let on a 5 year lease to Avantis Hardware off a quoting rent of £12,194 pax.

19/05/2017 - Unit 3 Morgans Business Park, Cannock

Industrial unit which forms part of an existing terrace with prominent frontage to Betty's Lane, Norton Canes of approximately 2,844 sq ft (264.2 sq m) with a minimum eaves height of 18ft (5.5m) let on a 6 year lease off a quoting rent of £15,750 per annum.

19/05/2017 - Swaffield Park, Cannock

Link detached industrial unit approximately 5,975 sq ft (555 sq m) with allocated car parking let on a 3 year lease off a quoting rent of £27,000 per annum.

11/05/2017 - Unit 3 Power Park, Towers Business Park

Industrial unit approximately 6,831 sq ft with a shared concrete yard situated within a modern development approximately 2 miles south east of Rugeley town centre.  Let on a 2 year licence off a quoting rent of £32,500 per annum.

11/05/2017 - Unit available adjacent to The Range's new Cannock store

Following the successful letting of the Range’s new Cannock store we are instructed to market the adjacent approximate 7,028 sq ft unit with extensive existing mezzanine. The property benefits from an existing retail permission whilst benefitting from The Range’s strong footfall. Please contact our office for further details or to arrange a viewing.

11/05/2017 - The Range Superstore

The Range
We advised on the letting of the Range’s new Cannock store on Walsall Road which has recently opened. The Range is the fastest growing retailer in the UK with over 140 stores nationwide. Located in a well established commercial area on Walsall Road (A34) being next to junction T7 of the M6 Toll Road. The property which was subject to extensive refurbishment provides approximately 55,000 sq ft with 250 car parking spaces.

11/05/2017 - Former Day Service Centre

Former day service centre on an approximate 1.62 acre (0.66ha) site with an circa GIA of 13,652 sq ft (1,260 sq m). Suitable for potential conversion or redevelopment subject to planning. Sold February 2017 above the guide price of £600,000.