New Ballerino

Central Egham Self Contained 4 Storey Office Building

2012-03-08T04:29:00.000-08:00

New Ballerino have been appointed on behalf of the landlord as the sole agent on 35-51 Station Road, Egham.

This modern, self contained 4 storey office building provides excellent amenities and offers 8223 sq ft (764 sq m).

Further details are available upon request.

New Ballerino Office and Industrial Successes Continue

2012-03-07T02:37:00.001-08:00

New Ballerino have let 3840 sq ft at Unit 7 Shepperton Business Park to CYP Europe and 4550 sq ft of office space in Staines at Old Bridge House has been let to K2M Ltd.

More details are available upon request.

Industrial/Warehouse Letting – Within 25 days of Taking on Instruction

2012-02-22T04:30:00.000-08:00

New Ballerino have let Unit 18, Hamm Moor Lane, Addlestone to UK Ceramics and Stone within 25 days of taking on the instruction at the end of January. Unit 18 provides a prominent retail warehouse unit on the busy Hamm Moor Lane and emphasises the buoyancy of the small industrial market, as well as New Ballerino’s strength in the local Surrey market.

Please feel free to contact Dan Martin for more information.

Self Contained Town Centre Offices - Walton On Thames

2012-02-20T08:52:00.000-08:00

These town centre offices offer a mix of cellular and open plan accommodation with air conditioning being provided throughout this 616 - 1643 sq ft (57 - 151 sq m) property.

The suites are situated over first, second and third floors and can be let as a whole or on a floor by floor basis.

For further details please don't hesitate to contact us on 01932 568844 or email daniel@newballerino.co.uk

EPC Regulations

2012-02-14T06:16:00.000-08:00

Decisions have been made with regard to new regulations surrounding the energy performance of buildings and will come into effect from 6th April 2012.

From this date, Energy Performance Certificates (EPCs) must be commissioned before marketing of any commercial property can take place.

The first page of the EPC must be attached to sales particulars/brochures – this includes properties that are already on the market.

Trading Standards Officers will have the power to require letting agents to produce copies of EPCs for the buildings they are marketing. They will impose fines for those who market properties without an EPC in place.

If you are a landlord, you must ensure that your building has an EPC if you wish it to continue being marketed after 6th April.

Weybridge Office Letting

2012-02-08T03:33:00.000-08:00

Rathbone House, Weybridge has now been let to The Tour.

The town centre office on Heath Road provides 2000 sq ft (185 sq m) and a private parking forecourt.

If you wish to know further details, please contact New Ballerino on 01932 568844.

Another Successful Year for New Ballerino

2012-02-01T06:12:00.000-08:00

Once again, 2011 was an extremely busy year for New Ballerino, where we completed transactions on over 122,500 sq ft across our office, industrial and public house properties.

Edition 3 of Commercial Property Matters, our in-house property publication, is now live on our website and includes a selection of the properties we currently have available, news worthy articles, as well as deals we have completed in 2011.

We hope you find it informative and if you require any further information please don't hesitate to contact us.

Demolition of Industrial / Warehouse Buildings

2012-01-23T03:25:00.000-08:00

You can no longer demolish an industrial or warehouse building without first submitting an application for something called ‘Prior Notification’ to the Local Planning Authority (LPA). The process of demolishing listed buildings or building in a conservation area has always required consent from the LPA. However, now any empty unit where there is no realistic prospect of finding a tenant, and it is costing the landlord money on empty rates and maintenance costs, cannot be demolished without recourse to the LPA. You will now need to make an application for Prior Notification.

The fee for the Prior Notification Application Process is £70 and the application is advertised by a notice on the site. LPA’s have to make a decision within 28 days of validation otherwise it is deemed that no Prior Approval is required.

It is also important to be aware that some sites may need an Environmental Impact Assessment (EIA) if the demolition work is likely to have a significant impact on the environment. The LPA will advise whether an EIA is required when responding to the Prior Notification application.

The above information has been provided by CGMS Consulting.

New Ballerino Office Requirement

2012-01-18T04:15:00.000-08:00

New Ballerino have been instructed by retained clients who have requirements for offices in Staines.

The first requirement is for 2500 - 3500 sq ft on a leasehold basis.

The second requirement is freehold only between 2000 - 6000 sq ft for an owner occupier and investment occupier.

If you have anything that you feel may be suitable please contact me on 01932 568844 or email steve@newballerino.co.uk

Rare Office and Industrial Investment With Redevelopment Opportunity - For Sale

2012-01-04T07:52:00.000-08:00

With a total site area of 0.46 acres and the office and industrial buildings totalling 7626 sq ft (708 sq m) this is a rare redevelopment opportunity based on Hanworth Lane, Chertsey.

The site consists of 3 self contained buildings with designated car parking and loading areas.

For further information on this rare opportunity please don't hesitate to contact us on 01932 568844.

New Office's Available in Ascot and Sunbury

2012-01-04T01:31:00.000-08:00

Scammell House is an attractive office building set out over first and second floors and comprises of 1016 - 2551 sq ft (94 - 237 sq m). The 3 storey detached office building provides 7 car parking spaces, raised floors, central heating and carpeting throughout.

A new prominent office building is also now available in Sunbury. 117 Windmill Road provides 1544 - 3300 sq ft (143 - 307 sq m) and is a refurbished, self contained office with 16 car park spaces and comfort cooling throughout.

For further details, please don't hesitate to contact us on 01932 568844.

Merry Christmas and a Happy New Year!

2011-12-21T09:27:00.000-08:00

To all of our partners, clients and friends.

We would just like to take this opportunity to wish you a merry Christmas and a happy and prosperous 2012!

New Ballerino

SOLD - 54 The Causeway, Staines

2011-12-19T09:20:00.000-08:00

Along with our joint agent Jones Lang LaSalle, we are pleased to confirm that on behalf of our client Bedford Estates, 54 The Causeway, Staines has been sold to Cala Homes at an undisclosed price.

Modern Air Conditioned Town Centre Offices in Egham - To Let

2011-12-06T07:18:00.000-08:00

BRB House, Egham is situated on the High Street in the heart of the town centre.

Air conditioning is provided throughout the space and other amenities include private parking for 7 cars, suspended ceilings and recessed lighting, and carpeting throughout this mix of part open plan and glass partitioned office space.

For more information on this 2,048 sq ft (190 sq m) second floor accommodation, please visit our website for full particulars or feel free to contact us on 01932 568844.

Only 24 Hours to Mo!!!!

2011-11-30T03:18:00.000-08:00

Thank you so very much to everyone who has sponsored my Mo this month. I have been overwhelmed by everyones generosity for this great cause. However, with only a few hours to go, if you haven’t yet got round to making your donation, have no fear it is not too late. Please follow the link below and please donate some dough for my Mo!!!

http://mobro.co/stevenew/d

Modern Office Suite at Chertsey Business Centre To Let

2011-11-30T02:58:00.000-08:00

560 sq ft (52 sq m) is available at Chertsey Business Centre, Riversdell Close. This modern office suite is situated in the town centre, giving an excellent location close to the railway station and local amenities.

The available premises is situated on the first floor and provides a mixture of open plan and cellular offices. On site parking is also available.

For further details or to arrange a viewing, please contact Steve on 01932 568844 or steve@newballerino.co.uk

Chertsey Refurbished Town Centre Office - To Let

2011-11-21T06:34:00.000-08:00

We're pleased to announce that New Ballerino are now the joint agents with Eggerdon & Holland on Abbey Mead, Chertsey.

The available suite is situated on the first floor and offers 755 sq ft (70.13 sq m) office accommodation in the heart of the town centre on Guildford Street.

The property comprises a self contained office suite, gas fired heating, suspended ceiling with recessed lighting and car parking.

For further information or to arrange a viewing, please contact us on 01932 568844 or steve@newballerino.co.uk

Thorpe Industrial Letting

2011-11-02T10:28:00.000-07:00

Unit 5 Ten Acre Industrial Park, Thorpe has now been let.

The industrial unit provides 2,207 sq ft (205.03 sq m), mezzanine floor, air conditioning and 3 phase power.

For similar unit availability in the area, please contact us on 01932 568844.

IT'S MOVEMBER!!!

2011-11-01T03:11:00.000-07:00

It’s Movember, the month formerly known as November, dedicated to growing moustaches and raising awareness and funds for mens health issues, specifically cancers affecting men. Please support my efforts by making a donation at http://mobro.co/stevenew/d

Follow my progress on Facebook where I will be providing regular updates and photos!!! Thanks again for your support.

Click here to make a donation...

Thorpe Industrial Letting

2011-10-26T04:03:00.000-07:00

Unit 1 Oades Plant Industrial Estate, Thorpe has now been let to RG Windows Ltd, a company specialising in traditional sash windows.

The unit was let on a 3 year term at an average rent of £8 per sq ft. The 1350 sq ft unit provides the company with car parking, roller shutter door and ancillary offices.

For further availability in the Thorpe area please visit our website and feel free to contact us should anything be of interest to you.

http://www.newballerino.co.uk/

Staines Office Letting

2011-10-19T04:27:00.000-07:00

The entire 2nd floor of Mallard Court, Staines has now been let to Fairfield Energy UK.

New Ballerino along with their joint agent Jones Lang LaSalle let the 6175 sq ft space on behalf of the landlords McKay Securities PLC.

Only 5300 sq ft is now remaining at Mallard Court on the third floor. For more information please visit the website for the property and feel free to contact us on 01932 568844

Clients Rates Saving Initiative

2011-10-18T09:00:00.000-07:00

Clients of New Ballerino have offered not only a reduced rent but also a cut in the rates, providing additional savings as a way of encouraging tenants.

83-87 Guildford Street, Chertsey is now available at £10.00 per sq ft and tenants will only have to pay half rates for the first 12 months.

For more information on this modern, fully refurbished, town centre accommodation which provides excellent amenities and 3,532 sq ft (328.14 sq m) space, please don't hesitate to contact us on 01932 568844.

Thorpe Industrial Estate - 880 sq ft Available

2011-10-17T08:34:00.000-07:00

A mid terrace, self contained modern industrial / warehouse unit on the Thorpe Industrial Estate is now available.

The property benefits from an eaves height of 4m, 3 phase power supply and car parking. The 880 sq ft (82 sq m) of space is within close proximity of the M25 and Heathrow airport.

For further details please contact Steve on 01932 568844 or visit our website http://www.newballerino.co.uk/

New Office Instructions

2011-10-12T09:27:00.000-07:00

Unit 1 Walton Lodge, Walton provides 2606 sq ft (242 sq m) of space in this attractive, modern office building. Among the amenities that this suite provides are air conditioning / cooling, 10 car parking spaces, suspended ceilings and gas central heating.

We are also now marketing St.George's House, Weybridge which is 910 sq ft (85 sq m) set in a modern headquarters office building and providing raised floors and suspended ceilings.

For further information or to arrange a viewing please don't hesitate to call us on 01932 568844. Full particulars can be found on our website.

Another Pub Sale Completed

2011-10-11T09:02:00.000-07:00

We're pleased to confirm that The Coachmakers, Slough has now been sold for £430,000 + VAT.

The Coachmakers, which provides 2828 sq ft (263 sq m) of space and has an excellent town centre location with all the local amenities that it offers completed today.

This marks the 4th pub New Ballerino have sold in Slough in the past year.

http://www.newballerino.co.uk/

West Byfleet Office Letting

2011-09-27T08:41:00.000-07:00

We are pleased to confirm that the ground floor of Centennium House, West Byfleet has now been let to Christine Osborne Dental Practice.

The ground floor provides 1,360 sq ft (126 sq m) in this self contained, air conditioned, 3 storey office building. Suspended ceilings, recessed lighting and a private parking forecourt are among the amenities that this property provides.

A total of 2029 sq ft (189 sq m) still remains available in Centennium House. For further information or to arrange a viewing please don't hesitate to contact Steve or Dan on 01932 568844.

Double Letting in Woking

2011-09-26T09:03:00.000-07:00

Unit 12 and first floor Unit 16 Boundary Business Centre, we are pleased to confirm have now been let to Fresh Air Fitness, a company that has introduced outdoor gyms to the UK.

Unit 12 consists of 901 sq ft (84 sq m) and first floor Unit 16 comprises 1,122 sq ft (104 sq m). The modern, recently refurbished accommodation is close to Woking town centre and mainline railway station.

For more opportunities / availability within the Boundary Business Centre, please do not hesitate to contact Dan Martin on 01932 568844.

Fully Refurbished Headquarter Offices - Available To Let

2011-09-14T03:52:00.000-07:00

Communications House, Staines offers 3,110 - 12,158 sq ft (289 - 1,130 sq m) of high quality office space over ground and five upper floors.

The prominent headquarters offices provides new VRV air conditioning throughout, raised floors, suspended ceilings and excellent car parking.

For further information please contact Steve on 01932 568844 or click here to download a full set of details

Commercial Property Matters - Edition 2

2011-09-14T02:32:00.000-07:00

The latest edition of our Newsletter, Commercial Property Matters can now be found on our website.

Please take a look and read about how we are utilising social and business networks, learn more about new EPC regulations and about deals that we've done so far this year.

Feel free to let us know what you think by leaving your comments on this blog

Click here to view

3000 sq ft Industrial Space in Thorpe - Now Let

2011-09-12T08:35:00.000-07:00

We're pleased to confirm that Unit 10 Sky Business Park, Thorpe has now been let to Overboard Accessories Ltd on behalf of Peter Marmot for Western and Midland Investments Ltd.

The modern industrial / business unit provides 3007 sq ft (278 sq m) and air conditioned offices.

For similar properties to this, please take a look at our website http://www.newballerino.co.uk/ for an up to date list of instructions we currently have available.

Significant Freehold office sale in Chertsey

2011-09-02T01:59:00.001-07:00

Significant Freehold office sale in Chertsey.

The sale of 2000 Hillswood business park, Chertsey completed in August 2011 for an undisclosed sum.

The owners were Electronic Arts and purchasers are Astellas Pharma Europe and will be relocating from their current office in Staines. The property comprises an existing 100,000 sq ft building together with an additional site with planning permission for a further 100,000 sq ft building in the future.

Modern High Quality Office / Warehouse Premises - Available To Let

2011-08-15T08:20:00.000-07:00

Unit 5 Egham Business Village, Thorpe provides 5264 sq ft (490 sq m) with an additional 192 sq ft (17.8 sq m) of covered loading space.

Amenities include an eaves height of 7M, 10 car parking spaces and air conditioning to the office areas. A clean and ultra clean room is available within the warehouse area which is located to the rear of the property, with the two storey office accommodation located to the front.

For more details, please contact Steve on 07874 902123 or visit http://www.newballerino.co.uk/

152/154 Commercial Road - Now Let

2011-08-10T02:59:00.000-07:00

152/154 Commercial Road, Staines has now been let.

The 16,134 sq ft has been let on a 5 year lease to Classic Event Hire.

For more information please contact New Ballerino.

New Industrial Instruction - 2,207 sq ft Now Available in Thorpe

2011-08-10T01:55:00.000-07:00

Unit 5 Ten Acre Industrial Park, Eversley Way, Thorpe is now available and provides 2,207 sq ft (205.03 sq m) space, which includes 957 sq ft (88.90 sq m) mezzanine floor.

This self contained unit offers air conditioning, 3 phase electricity, car parking and office space.

For further details or to arrange a viewing, please contact Steve - 01932 568844 or 07874 902123.

Cheshire Court - Sold

2011-08-01T08:53:00.000-07:00

New Ballerino have sold Cheshire Court, Redhill, Surrey.

The 8,230 sq ft high quality, self contained office building was sold to an owner occupier and completed last week.

2000 sq ft Weybridge Office - To Let

2011-07-22T05:35:00.000-07:00

Rathbone House, Weybridge is conveniently located close to the town's shopping, restaurant and banking facilities and within close proximity of Weybridge train station which provides a fast and regular service to London Waterloo.

M25 Junction 11 is also within 2 miles, making this self contained, three storey office building an excellent opportunity.

For more information, please feel free to contact New Ballerino on 01932 568844

Confidential Instruction Revealed - Rare Freehold Opportunity Available

2011-07-21T07:56:00.000-07:00

Interpilot House, Chertsey is now being fully and openly marketed as a rare freehold opportunity with exceptional parking.

3,976 sq ft (369 sq m) is available with this modern, self contained, air conditioned office set in the heart of Chertsey town centre. The property is arranged over ground, first and second floors and provides a private car park for 24 cars.

For more information, please contact New Ballerino on 01932 568844.

Walton Reach - 2247 SQ FT Office Letting

2011-07-20T07:49:00.000-07:00

2247 sq ft at Walton Reach has now been let to Walton occupier Metsa Tissue.

The first floor office suite has been let on behalf of landlords PPG Southern Ltd, with two further office suites offering 3820 sq ft in total still being available.

For further information, please contact Steve on 01932 568844

Completion on The Cock Inn, Staines

2011-07-13T05:58:00.000-07:00

We can confirm that today The Cock Inn, Staines has completed.

The public house was sold for £300,000 on behalf of Enterprise Inns.

For further information, please contact Steve on 01932 568844.

CRC Energy Efficiency Scheme

2011-07-07T08:32:00.000-07:00

The CRC is a mandatory scheme aimed at improving energy efficiency and cutting emissions in large public and private sector organisations. These organisations are responsible for around 10% of the UK’s emissions.

The Scheme features a range of reputational, behavioural and financial drivers , which aim to encourage organisations to develop energy management strategies that promote a better understanding of energy usage.

The Department for Energy and Climate Change (DECC) announced on 30^th June 2011 proposals to modify the Carbon Reduction Commitment Energy Efficiency Scheme. The modifications will be made by the drafting of new legislation in 2012 and will come into effect in April 2013.

The main changes include:

· Participation in the scheme will be based on electricity consumption through settled half-hourly meters only.

· There will be 2 annual sales of allowances, at fixed prices.

· The range of fuels that require reporting has reduced from 29 to 4 and include natural gas, electricity, kerosene and diesel for heating.

· There will be various changes to simplify the organisational rules and also changes to the landlord/tenants rule.

For more information please see http://www.decc.gov.uk/en/content/cms/emissions/crc_efficiency/crc_efficiency.aspx website.

Why focus on retrofit?

2011-07-07T07:32:00.001-07:00

With the ever reducing amount of available new build offices coming to the market and occupiers being less inclined to move offices and unsettle staff, many companies are now looking with incentives from the landlord to improve the space they currently occupy, in the form of retrofits. Simply put, a retrofit allows for the improvement of office space, adding components or accessories that were not available when the previous fit out was carried out. An eco retrofit goes one step further and provides additions and improvements that are more energy efficient and sustainable.

A growing number of companies in the UK are becoming more environmentally aware and are using the opportunity of eco retrofits to boost their public image in increasingly competitive markets. They are also realising the sheer amount of money that can be saved through energy consumption in buildings, and as technology improves eco fit-outs are reducing in cost and becoming more and more accessible to all spectrums of office size and design.

Public House Completions

2011-06-28T08:50:00.000-07:00

The Dolphin, Sutton and The Seven Stars, Farnham have both completed, along with exchange on The Cock Inn, Staines.

The Dolphin has gone to Tierney’s Caterers and The Seven Stars to Farnham Estates, a client of Wadham and Isherwood. Both deals completed on Friday 24th June and New Ballerino acted for the vendors Enterprise Inns.

‘Velocity’ Office Development Gets Go Ahead

2011-06-27T02:36:00.000-07:00

It has been confirmed that planning consent has been given to Rockspring Property Investment Managers and its development partner, Exton Estates for a new 103,600 sq ft office development.

Construction will commence imminently at The Arrows Site, Brooklands, Weybridge, Surrey which Rockspring purchased in January 2011 from Mercedes Benz for £4.25 million on behalf of Rockspring UK Value Fund. Completion of the development scheme, which has been named ‘Velocity’, is due in autumn 2012.

The scheme provides two self-contained buildings and will offer grade A accommodation together with 370 car parking spaces. The schemes adjacent amenities include the Brooklands Hotel, Mercedes Benz World and Brooklands Retail Park.

Letting Complete - Unit 2 Walton Lodge

2011-06-22T06:20:00.000-07:00

Unit 2 at Walton Lodge has now been let on behalf of Barwood Developments Ltd at a rental of £21.50 per sq ft.

The unit has been let to a company called Future Reliance Ltd on a new 5 year lease.

Staines Office Freehold Sale Completion

2011-06-21T08:42:00.000-07:00

29-31 Kingston Road, Staines has now been sold on behalf of Knight Frank Investors to a private company.

The three storey property which comprised of 6742 sq ft (626 sq m) was sold for £810,000.00

New Industrial / Warehouse Unit - Suitable for Tyre Centre or Similar Use

2011-06-21T07:51:00.000-07:00

We're pleased to be marketing an industrial / warehouse unit which is now available to let in Walton on Thames, Surrey.

This self contained unit offers 988 sq ft (91.18 sq m) on the ground floor, an additional 672 sq ft (70.87 sq m) on the mezzanine floor and car parking for 5/6 cars.

It is situated to the rear of a car servicing and MOT centre and therefore, a complimentary use would be a valuable addition to the site.

For further information please contact Steve on 01932 568844 or steve@newballerino.co.uk

Office Letting

2011-06-15T01:18:00.000-07:00

We're pleased to confirm that New Ballerino has let the entire first floor (4002 sq ft / 371.8 sq m) of Birch House, Staines to Big Machines on a new lease.

For further information, please contact Steve on 01932 568844 or steve@newballerino.co.uk

Reform of the Use Class Order

2011-06-14T02:16:00.000-07:00

Following the budget, the coalition government have embarked on what is intended to be a far reaching liberalisation of the Use Class System. If enforced it could bring with it great benefits to landowners, developers and builders.

What can be considered the most important part of the proposal would relax the rules for converting from commercial to residential use so that in the future this would be possible without the need for planning permission. A public consultation on these issues is now underway, please see like below.

http://www.communities.gov.uk/publications/planningandbuilding/relaxationchangeconsultation

In summary, the consultation paper makes three main proposals of which the key one is “to introduce permitted development rights to allow changes of uses from B1 to C3 to happen freely without the need for planning applications”.

The second proposal is that this freedom to convert to C3 should also be extended to land or buildings which are classified as B2 or B8.

The third proposal is that the current permitted development right to convert space above A1 and A2 retail premises into a single flat should be extended to cover more than one flat.

The Role of Government as a driver of Sustainability

2011-06-09T09:30:00.000-07:00

Following on from the blog of last week, relating to the Costing Energy Efficiency improvements to Existing Buildings, this blog will focus on the Role of Government as a driver of sustainability across the built environment. The general consensus from property companies, landlords and occupiers alike is that there must be clear signposting, consistency, flexibility and a balanced regulatory framework when it comes to sustainability in property. At present we have the BREEAM system (Building Research Establishment Environmental Assessment Method) during the design/construction phase of a building, which can be also be used during an office fit-out (although there is not a specific method for this), along with an EPC for each building, which as of July this year will have to be displayed on agents particulars for every building they are marketing. One of the main problems with EPC’s is that they only assess the environmental performance of the building itself and do not take into account the ongoing ‘real’ level of energy consumption during occupancy.

One idea which has been successfully used in countries such as Australia is the introduction of Energy Labeling in buildings, where government have lead the way by only occupying space that is rated in the top bracket for sustainability and energy efficiency. This has been followed by the majority of other multinational companies within the country eager to do all they can to promote their public image, with the added benefit of some considerable energy cost savings. Obviously this pressure from the most sought after tenants has pushed landlords and developers into action when delivering new and refurbished buildings.

It is important for the UK government, not only to cater for the growing demand by occupiers for greener space, but also to hit its own targets of an 80% reduction in CO2 by 2050, to properly incentivise developers, landlords and tenants to seek greener design and benchmark buildings on efficiency so as to create a transparent system of regulation.

Best and Final Bid Deadlines

2011-06-08T06:01:00.001-07:00

Two pubs have their best and final bid dates coming up very soon – The Fox Inn, Bisley deadline is this Friday 10^th June and The Queen of England, Slough deadline is Tuesday 14^th June.

For further information please feel free to contact Dan Martin on 01932 568844 or visit our website for full details.

Industrial Instructions - Thorpe Industrial Estate and Shepperton Business Centre

2011-06-06T06:07:00.000-07:00

We're pleased to introduce new industrial instructions that we are marketing in Thorpe and Shepperton which range in size from 700 sq ft - 3,840 sq ft.

Thorpe Industrial Estate is the location for three of these units which offer 700 sq ft, 1,350 sq ft and 2,320 sq ft. Amenities include 6m eaves height, roller shutter door, W.C. and kitchen facilities and offices.

Shepperton Business Centre provides 3,840 sq ft and benefits include 5m eaves height, 3 phase power and a mezzanine floor.

For full details, please visit our website or contact Steve (steve@newballerino.co.uk) or Dan (daniel@newballerino.co.uk) on 01932 568844.

Costing Energy Efficiency Improvements in Existing Commercial Buildings

2011-06-03T09:08:00.000-07:00

In the report ‘Costing Energy Efficiency Improvements in Existing Commercial Buildings’ commissioned by the Investment Property Forum (January 2009) a number of improvements that can be installed into a building were researched and analysed (estimating the additional capital cost of making improvements and calculating the Internal Rate of Return and discounted payback periods based on the energy saved) in an attempt to determine which energy efficient improvements are most cost effective.

The study focused on three main types of buildings, namely Offices, Retail Supermarkets and Light Industrial and Warehouse buildings with the generic building types of each being considered. Dynamic thermal modeling was then used to estimate the baseline CO2 emissions of these buildings and then to measure the effect of applying various energy efficiency improvements.

The key improvements analysed included:

· Variable speed pumps – replacing fixed speed heating pumps with variable speed heating pumps.

o Considered the most cost effective opportunity for all ages of offices as part of refurbishment. Electricity saved will pay for additional capital cost within a year. Can be installed while tenants are still in occupation (during summer months)

· Energy efficient lighting

o Considered most cost effective for supermarkets and industrial. Building need to be vacant during installation.

· Air conditioning fan coil units – Fan coil units regulate the temperature within a given space, namely an office floor.

o Cost of installation is small with a 3 year payback on investment for offices. Not possible to install when building is occupied.

· Heat recovery – Heat recovery system employs a heat exchanger between the supply and extract air flows to reduce the amount of energy lost through the exhausted air, whether heated or cooled.

o This is only applicable to offices that have Air Conditioning installed and can be fitted retrospectively. Payback on investment is circa 2 years.

· Condensing Boilers – efficiency in terms of gas combustion. A modern boiler would be 85% efficient but 95% efficient boilers are now available.

o This can produce an internal rate of return of between 10% - 16% depending on the age of the office and the efficiency of the external fabric at retaining heat, reducing demand to be met by the boiler.

· Power factor correction – reduces the transmission losses of an electrical circuit and therefore reduces the amount of electricity required to meet a given demand.

o This is only really suitable for offices with AC installed. Can generate an IRR of between 9% - 12% with payback in 15 years.

· High efficiency chiller units

o Suitable for both offices and supermarkets, but only suitable for modern buildings.

· Wind turbine

o Can prove to save a significant energy efficiency improvement, but major capital cost does not create a positive Internal Rate of Return.

All of these improvements can be considered tried and tested solutions to reducing energy consumption and CO2 emissions from buildings. As you can see the energy saved from making many of the above improvements can provide significant IRRs to assist the business case. However, because of the traditional landlord and tenant relationship, the landlord will not directly benefit from making these improvements and this therefore reduces the attractiveness to a potential investor. For improvements such as these to be made there will have to be a sharing of improvement costs between landlords and tenants.

It was concluded that there are a number of cost effective energy efficiency improvements that can be made to existing commercial buildings, and applying these to older and period office buildings in particular during refurbishment can result in significant energy savings. With the introduction of EPC’s over recent years landlords and tenants are more aware of how their building ranks in terms of energy efficiency and this will hopefully be instrumental in negotiations between landlords and tenants in the future.

The Fox Inn and The Queen of England

2011-06-01T05:53:00.000-07:00

We are now marketing two public houses on behalf of Enterprise Inns – The Fox Inn, Bisley and The Queen of England, Slough.

Offers are invited on an unconditional and conditional basis for The Fox Inn by Friday 10^th June. The property is situated in a prominent position on the Guildford Road (A322) and is on a plot size of 1.17 acres.

The Queen of England, Slough is a short walk from the town centre and the total site provides approximately 0.15 acres of space. The property is available freehold or leasehold with freehold offers being invited in excess of £325,000 +vat.

For further information or to arrange a viewing, please contact Dan Martin on 01932 568844 or Daniel@newballerino.co.uk

Sustainability & Energy Efficiency in Commercial Property

2011-05-20T03:17:00.001-07:00

Domestic and non-domestic buildings account for almost half the UK total CO2 emissions, and with energy prices set to increase by up to 60% in the coming decade as well as the underlying target set by the UK government of 80% CO2 reduction by 2050 there is very real need for both landlords and tenants to reevaluate the energy efficiency of the buildings they own/occupy. Up until the present the main focus for these energy efficiency improvements has been for new buildings, being integrated in the design and construction of such buildings with relative ease and dictated by the Government targets of all non-domestic buildings to be zero carbon by 2019. However, with the downturn in the construction industry in the past few years, new buildings only represent 1-2% of the total building stock and if this country is to reach anything like the targets set for 80% reduction by 2050 the industry will have to focus on improving the existing commercial buildings.

During our research we have found a distinct lack of readily available information on these issues and how it is likely to affect the landlord and tenant relationship in the future, as well as ways to change the energy efficiency of your company/property immediately without the need for huge expense or need to relocate to a modern, newly constructed building.

In this blog and the continuing blogs in the current weeks I will examine, using a variety of recent journals and reports by leading property professionals, research companies and all the latest news and government initiatives, the issues relating to energy efficiency and general sustainability and how relates to all landlords/tenants (large or small).

Rare Opportunity - Freehold Industrial / Warehouse Unit

2011-05-17T07:53:00.000-07:00

A 6,098 sq ft (566.52 sq m) industrial / warehouse unit on Orchard Road, Sunbury on Thames is now available. Offers are invited in the region of £495,000. For further information please feel free to contact Steve on 01932 568844 or steve@newballerino.co.uk

New Freehold Requirement

2011-05-10T06:56:00.000-07:00

New Ballerino have been appointed to find a freehold showroom industrial unit of between 4,000 - 10,000 sq ft within a 10 mile radius of Heathrow.

If you have any ideas or properties in mind please call Dan on 07545 803419 or email daniel@newballerino.co.uk.

New Industrial Instructions

2011-04-27T08:56:00.000-07:00

Two new industrial units in Chertsey - 500 sq ft is available immediately and 2,400 sq ft will be available within the next two months. For further information please call 01932 568844 or email steve@newballerino.co.uk.

New EPC regulations - effective from 1st July 2011

2011-04-20T06:44:00.000-07:00

As of the 1st July 2011 Trading Standards Officers will be authorised to require agents to show that an EPC has been commissioned where a building has been marketed without one. Having previously been the client that is solely responsible for this, the agent will have to be more vigilant in ensuring an EPC is available upon request. Following on from this and as of the 1st October 2011 the EPC will also have to be attached to the property details.

If you have any questions on EPC's and how it will affect your building please do not hesitate to contact New Ballerino.

Chertsey Office Letting's

2011-04-19T07:49:00.000-07:00

At the smaller end of the market, the past week has included three office lettings in Chertsey for New Ballerino. Abbey Studio has been let to StuvEx Safety Systems Ltd and provides 1519 sq ft of office space, along with Surrey Helping Hands who have taken part of the 1770 sq ft space at The Old Fire Station and A & C Cars who have taken space within Airskill House, Hanworth lane.

Hempel Estates Buy Their First Office Building - Allen House, Egham

2011-04-18T04:38:00.000-07:00

Hempel Estates have completed their purchase of Allen House, Egham and will undertake a complete refurbishment to provide a Grade A office adjacent to Egham train station.

Allen House comprises of 12,000 sq ft of headquarter office accommodation and will be available from July 2011. Hempel Estates have approved New Ballerino and Capita Symonds to actively market the building on a freehold and leasehold basis.

Bedfont Road Yard

2011-04-15T08:28:00.000-07:00

New Ballerino have today completed the letting of Lyford Yard, Bedfont Road, Bedfont, Middlesex. The 0.13 acre / 5,800 sq ft site has been let at above £2.00 psf on a three year term.

Another freehold sale!

2011-04-14T09:40:00.000-07:00

New Ballerino have sold The Fountain at Handcross West Sussex on behalf of Enterprise Inns to Countygate Properties. The property comprised 3,100sq ft on 0.51 acre. For further information contact Steve New or Dan Martin

Sale Completed!

2011-04-13T03:16:00.000-07:00

Sale of The Sydney Arms, Sutton, Surrey has been completed on behalf of Enterprise Inns.

Welcome!

2011-04-12T08:47:00.000-07:00

Welcome to our blog and thank you for taking the time to read it.

We will be providing up to date information on new instructions, deals done and marketing commentary and other information which we think will affect businesses looking to acquire and dispose of commercial property in the area.

If you do have any comments please feel free to contact us or leave them on our page.

Many thanks

Kind regards,

Steve