Archive for: News

No Notice No Act – Party Wall etc. Act

The Party Wall etc. Act 1996 is a cost effective means of avoiding and resolving disputes, between neighbouring owners.  The scope for the Act to apply is limited to set work and operations set out in detail within it. The Act is normally enabled by an owner who wishes to undertake work notifying their neighbour(s) […]

Statutory Valuation and Sale of a Freehold House in Cornwall

The Leasehold Reform Act 1967 gives tenants of houses held on long leases at low rents the right to acquire the freehold interest. The right to buy the freehold, and any intermediate leasehold interest, without the landlord’s agreement is called enfranchisement. Statutory Valuation and Sale of a Freehold House We were recently instructed by our […]

SPRING BUDGET 2024; What does it mean for business rates?

SPRING BUDGET 2024 The Spring Budget was delivered by the Chancellor on 06 March 2024, with little direct reference made to business rates. Retail, Hospitality and Leisure Relief (RHL) Ratepayers were reminded that the RHL Relief Scheme will be extended for a further year until 31 March 2025; the discount of 75% will remain subject […]

Guidance for tenants; What to look out for in your lease

James Vowles, Associate Building Surveyor at Vickery Holman, advises tenants to consider their potential dilapidation costs not just at lease end but before the lease is signed and during the lease term. ‘We are seeing a number of situations where tenants are being served terminal schedule of dilapidations for considerable monetary value, which includes many […]

UK GP Medical Centre Property Market: A Growing Market for Investors

UK GP Medical Centre Property Market: A Growing Market for Investors The UK GP medical centre property market is a niche sector that offers attractive opportunities for investors who are looking for stable, long-term returns. GP medical centres are primary care facilities that provide a range of health services to local communities, such as general […]

Improvement Relief for Non-Domestic Rates (NDR)

Improvement Relief for Non-Domestic Rates (NDR). The UK Government is taking steps towards fostering economic growth and encouraging property improvements with the introduction of Improvement Relief, set to come into effect on 1st April 2024. Recognising the concerns of businesses regarding the Non-Domestic Rates (NDR) system, the government aims to remove a significant barrier to […]

A Guide to Becoming an RICS Chartered Surveyor: Steps and Requirements

Becoming a chartered surveyor with the Royal Institution of Chartered Surveyors (RICS) is a prestigious and rewarding career path for individuals interested in the fields of real estate, construction, valuation, and property management. RICS chartered surveyors are recognised globally for their expertise, professionalism, and commitment to high ethical standards. A Guide to Becoming an RICS […]

Dartmoor and its positive impact on tourism

Hotels and Hospitality lead, Mike Easton takes a look at the Dartmoor National Park and its positive impact on South West Tourism. Covering 368 square miles of Devon, the National Park is dramatic, mysterious, challenging, and beautiful in equal measure and along with the coastline of the county provides significant interest for the resident population […]

Business Rates Transitional Relief 2024

Transitional relief  On 1 April 2023, the government introduced a new transitional relief scheme as part of the national business rates revaluation.   Rateable Values   The Valuation Office Agency (VOA) carried out a national revaluation which came into force on 1 April 2023. Rateable values are based on rental values; rateable values in each sector should […]

Property Management Services expanding in the Westcountry

Property Management portfolio continues to expand Following our expansion strategy, our property managers are happy to announce that two developments have decided to instruct Vickery Holman as managing agents. At the Beach Located in Torcross right in front of the sea, At the Beach was a former hotel converted into flats back in 2008. The […]