Additional Factor of Conveyancing Process
To other types of property in the same rating area (Dublin Corporation) which will benefit twice, first from the low rate in the IR£ and secondly from lower rises in value.Winners and losers will be found in all rating authority areas dependant on the concentration of different types of property and the variable increases in value.
Shane Redmond Rogers Chapman suggests that a simple way to avoid this anomaly would be to introduce transitional arrangements to ensure that individual rate bills are capped instead of the total rating income going to the local authority.
Hermes Retail continues its successful letting campaign at White Lion Walk, Guildford, with the announcement of two new retailers – Starbucks and Robert Dyas.
Robert Dyas has acquired a prominent corner site at the North Street entrance to the Centre on a 15 year lease at a rental of £220,000 per annum. The unit comprises 455 sq. m. (4,900 sq. ft.) of sales accommodation trading on three levels together with ancillary space at first floor level and will be the first ‘new look’ store for Robert Dyas.
Online Property Conveyancing unit comprises 136 sq. m. (1,470 sq. ft.) of sales together with remote storage of 44 sq. m. (474 sq. ft) and has been acquired on a new 15 year lease. A three-month rent-free period was agreed.
White Lion Walk opened in 1986 and comprises 21 shop units totalling 4,532 sq. m. (48,772 sq. ft.) Major occupiers include Next, H Samuel, Pilot, Clinton Cards and The Natural World