Archive for: News

Draft 2023 Rating List Published

Draft 2023 Rating List The long-awaited Draft 2023 Rating List has been published and has shown an increase in the total rateable value of commercial premises in England and Wales. Vickery Holman had predicted the retail sector would benefit from the revaluation, whilst the industrial sector would bear the brunt of the increase in rateable […]

Legend Nick Holman retires in 2023

After nearly 50 years in the profession, Nick Holman has announced that he will retire at the end of March 2023. Nick Holman retires Nick, who along with the late John Vickery, co-founded Vickery Holman, has seen the firm more than double in size and spread geographically with the successful expansion into Bristol.  In 1997 […]

Business Rates in the Autumn Statement

The Autumn Statement brings good news for ratepayers! We have been watching for business rates Autumn Statement news. Business Rates Autumn Statement From 1 April 2023, many businesses will be facing new business rates bills following new valuations of their properties to reflect more recent market conditions. In light of this, the government has today […]

New operator takes over Porthpean Outdoor Centre

Following the cessation of Cornwall Council’s provision of services at Porthpean Outdoor Education Centre earlier this year, new provider Cornwall Adventure Limited has confirmed the site will reopen in the new year. This means the site, which is enjoyed by young people and the community from around Cornwall, will once again be available for school […]

Developing with inflation

Developing with Inflation  Like the rest of the economy developers are having to work with inflation, which is a novelty for some, certainly at the current levels. The BCIS 3Q 2022 Report suggests house build prices rose by 15.5% in the year from 3Q 2021.  The increases were a mix of material and subcontractor costs […]

Rent Review Negotiations; What makes up a ‘best deal’?

All instructions taken on through our Lease Advisory team essentially require us to ensure the best deal is done for our clients. For the majority of clients, during rent review negotiations, the best deal for them is to either maximise the rent or obtain as low a rent as possible, depending on whether the client […]

Commercial property market – Exeter

Industrial sector The past 5 years has seen significant growth in this sector (exasperated over the last 2 years as the Pandemic hit the retail market) with record rents being achieved from warehousing to workshop space. The current market has however taken a slight stall due to uncertain market conditions and the well documented cost […]

The benefits of investing in Planned Preventative Maintenance

Why should you invest in a Planned Preventative Maintenance programme? The main reason is that a PPM programme will maintain or increase the integrity or value of your property and if you’re letting it out, then you should be able to command higher rental values. The second reason is that having a maintenance programme based […]

Commercial property market update- Plymouth

The retail market in Plymouth is generally divided into two categories, being the prime city centre retail offering and the secondary/neighbourhood parade retail offering.  The city centre retail offering has been evolving for many years and the pandemic was just another challenge for the high street to adapt to, but rents had already been readjusting […]

In difficult trading circumstances, the Tourism Awards recognises the best and the bravest

In times of well publicised challenges, Vickery Holman shines a positive light on the hospitality sector. With the news full of reports for tough times and with everyone focussed on making the best of the Winter ahead, the hotels and hospitality team would like to spotlight those who are leaders in their field for all […]