MORGAN & CLARKE FEBRUARY 2015 NEWSLETTER NO. 40, latest Property News Did you know that Britain now has more breweries per head of population than any other country in the world, including New Zealand, America and Germany, with a brewery for every 50,000 people? This is as a result of the knock-on effect of… Read More »
RICS Latest Quarterly Pub Rent Survey average 7.5% of FMT, high lighting the over estimation of FMT.
Information about how pubs, bars and other licensed premises are valued for non-domestic rates has been published by the Valuation Office Agency (VOA). According to the VOA, this involves collecting details of rent, trading levels, and the premises’ location, type and services, and using this information to establish a ‘fair maintainable trade’ (FMT) value. FMT… Read More »
Have Enterprise thrown all their Toys out of the Pram over the Market Rent Option? Rachel and Andrew Burke of the Cross Keys, Knutsford, Cheshire – that they have been dealt a severe blow in respect of the assignment of their leasehold interest. After the rent review was settled, it was always Rachel and Andrew’s… Read More »
Pub Co and Developers Dirty Tricks Department There is nothing legally wrong with a Pubco selling the freehold of a supply-tie leased pub to anyone that they choose. Although there is a moral implication, there is no legal obligation that the freehold should first be offered to the lessee in occupation. This understandably money-return based corporate… Read More »
Rent, Rates and FMT Some of you may think that we are a trifle obsessive with Rent, Rates and FMT, those that have freehouses may think it has no bearing on them, sadly it does. The Rates are calculated using the same system that Rents are calculated on, with comparables being used for convenience and… Read More »
The Vagaries of Arbitration, PIRRS and Developers Dirty Tricks, an essential read for all business people. MORGAN & CLARKE SEPTEMBER 2014 NEWSLETTER NO. 35 Pigeon House, The Broadway, Oakridge Lynch, Stroud, Glos. GL6 7NU September has been a month of mixed messages with no great consistency within the general tenancy / leasehold market. Recent figures… Read More »
Latest view on Business, Property, Rates and Rents that may affect your Business How easy it is to be lulled into a false sense of optimism with the onset of what looked like a glorious spring at the beginning of May. A number of our clients in coastal/seaside locations have been ruing the foul weather… Read More »
MORGAN & CLARKE MAY 2014 NEWSLETTER NO. 32 It is a pleasant change to report positive news concerning the overall economy. Beyond any doubt, the detail of the fall in both inflation and the annual rate of consumer price inflation – albeit marginally – must be good news in the long term. As the General… Read More »
My apologies for not publishing this before. MORGAN & CLARKE DECEMBER 2013 NEWSLETTER NO. 27 Pigeon House, The Broadway, Oakridge Lynch, Stroud, Glos. GL6 7NU Email: info@morganandclarke.co.uk Phone: 01285 719292 www.morganandclarke.co.uk (Also at: London, Cardiff, Matlock, Braunton, Lewes) We make no apologies for concentrating this month on three main features, namely dilapidations and… Read More »