Maximising Value: Why have a Maintenance Schedule?
Efficiency, profitability, and tenant satisfaction are of paramount importance in the world of commercial property. For Landlords, assuring the longevity and continued market appeal of their investment is a constant priority. A planned maintenance schedule is an invaluable way to prolong the lifecycle of assets. Preservation of Asset Value: A...
5 reasons why you should have a Commercial Property Valuation
In 2023, office headline rents in Worcestershire went up by 6.9% and industrial headline rents increased by 13.2%. There was also an increased spotlight on rental properties in the current economic client. Meanwhile yields from commercial property are rising because of inflation. So how can a Commercial Property Valuation help...
5 reasons why you should have a Reinstatement Cost Assessment
Robert Cant, GJS Dillon’s Associate Director of Commercial Building Surveying outlines his 5 reasons for having a Reinstatement Cost Assessment: If you’re underinsured, this leaves you exposed to huge losses in the event of a claim.A Reinstatement Cost Assessment (RCA) includes not just the building, but the full cost of...
SIPPs, SSAS and Commercial Property – why you need Valuations to avoid hefty fines
If you are evaluating how to maximise the tax-efficiency of your pension, you may be considering a Self-Invested Personal Pension Scheme (SIPP) or a Small Self-Administered Scheme (SSAS). It is now commonplace to buy commercial properties and then put the property into one of these schemes. A SIPP or SSAS allows you...
Dilapidations disputes on the rise as some Landlords try to exploit tenants at Lease end
In simple terms, dilapidations’ clauses represent the exit costs for a tenant at the end of their commercial lease. According to the terms of their lease, tenants are expected to return the property to the landlord in exactly the same state of repair. However, in recent months there has been an...
Commercial property owners and landlords need to act now on new energy regulations
From April 2023, UK landlords will not be able to grant or renew a policy for a tenant if their commercial property has an EPC rating of F or lower. This applies if you rent, sell or construct a property larger than 50m2. Fines for continuing to let a property...
Ten things I’ve learnt in business – a reflection on the last 10 years
When you start a business some of the people who you think will support you do not, and remarkably some of the people who you think will never support you do exactly that. I will always remember the latter group (they know who they are) and they have my undying...
Adam Jones, our Director of Property Asset Management is celebrating his first year anniversary at GJS Dillon.
We asked him a few questions about his experience so far: What has been your biggest learning point during your first year? Getting to know the clients and their portfolios. We have a large number of clients, both big and small, and a varied portfolio profile that includes office parks,...
Making Connections podcast interview with John Dillon
Our Managing Director John Dillon recently took part in Making Connections a new series of podcasts published by Worcestershire Local Economic Partnership and designed to support businesses in Worcestershire. During his interview with CEO Gary Woodman, John shared his views on the commercial property market during the pandemic and gave...
Property ownership worries? Help is at hand
In common with many other property agencies, our working practices have changed at GJS Dillon in response to the Covid 19 pandemic. Luckily our remote working infrastructure was already fully established so we were able to adapt quickly and respond to market needs. One of our key priorities has been...
A third of UK house buyers ‘ignoring structural issues’ according to new research
A third of house buyers in the UK are ignoring structural issues during the buying process according to new research published by app-based Atom Bank. In a survey carried out by the bank, 54% admitted to not investigating common issues such as damp, with the same number not looking at...
GJS DILLON HIGHLIGHTS IMPORTANCE OF PROFESSIONAL STANDARDS IN SURVEYING
Worcestershire commercial property consultancy and Chartered Surveyors GJS Dillon is highlighting the importance of working with RICS qualified surveyors and valuers following the publication of new data on property measurement. A report published by Spec property management systems found that houses in London are being inaccurately measured by an average...
BROMSGROVE’S SUCCESS PUSHES UP COMMERCIAL PROPERTY PRICES
A shortage of office and industrial units in Bromsgrove, coupled with high demand for space, pushed up commercial property rents and freehold prices to record levels in the town in 2018, according to Worcestershire’s largest independent commercial property agency GJS Dillon. Only seven months’ supply of industrial property and eight...
SMALL BUSINESS SPACE SHORTAGE DRIVES UP PROPERTY PRICES
A shortage of smaller office and industrial units in and around Droitwich, and elsewhere in the Wychavon District, coupled with high demand for space, pushed up commercial property rents and freehold prices to record levels in 2018, according to Worcestershire’s largest independent commercial property agency GJS Dillon. Wychavon presently has...
BOOST FOR WORCESTER INDUSTRIAL PROPERTY SECTOR AS TAKE-UP ALMOST TRIPLES IN 2018
Take-up of industrial property in and around Worcester increased substantially in 2018, attracting new occupiers and jobs to the city, according to Worcestershire’s largest independent commercial property agency GJS Dillon. Total take-up of industrial property grew by more than 275% in 2018 to 258,921 sq ft in the city of...
AVOID INHERITANCE TAX ERRORS FOR PROPERTY AND LAND
With Inheritance Tax being scrapped for main residences valued up to £1 million from April 2020, most family homes will no longer be subject to this tax, but this won’t be the case for rental properties, second homes and most country homes and country estates, says Jonathan Mountford, Director of...
TAKE EARLY DILAPIDATIONS ADVICE – COURT DECISION
A court decision has emphasised the need for early advice on dilapidations, especially when considering exercising a break in a commercial property lease, says Mark Davies, Director of Building Surveying Services at Worcestershire commercial property consultancy GJS Dillon. The outcome of the case - Office Depot International (UK) Limited...
HOW TO SAVE THOUSANDS OF POUNDS AT THE START OF A COMMERCIAL LEASE
Many business owners are unaware that they have to reinstate, repair and re-decorate their commercial property at the end of their lease, or pay the landlord to do it, and end up with a surprise bill, says GJS Dillon Director of Building Surveying Services Mark Davies. These legal repairing...
80% OF COMMERCIAL PROPERTIES AFFECTED BY UNDERINSURANCE
Up to four in five organisations will be disappointed with the pay out from their buildings insurance when they look to claim for damage, according to a leading building surveyor. Mark Davies, Director of Building Surveying Services at Worcestershire commercial property consultancy GJS Dillon, says that the insurance industry...
DESIRE FOR WORCESTERSHIRE FREEHOLD OFFICES REMAINS STRONG, AS SALES OUTSTRIP LETTINGS
Sales of Worcestershire offices outperformed lettings in the first three months of 2018, underlining the continuing high demand for freehold office buildings throughout the county, according to one of the county’s leading commercial property agents. More than 36,000 sq ft of office space was sold in Worcestershire in the first...