Roche Chartered Surveyors

Roche sell Punch Taverns Pub, Dereham, Norfolk

Roche acting on behalf of Punch Taverns have recently concluded the sale of The Cock Inn situated in Dereham town centre on Norwich Street.

The property comprises an end of terrace 17th century Grade II listed public house and a former coach house building, together totalling 2,872 sq ft on a site area of 0.085 acres.

The freehold interest was sold to a local purchaser.

For further information, please contact Graham Jones.

April 2012

Business Rates Help

Some help from the Government has been proffered to assist rate payers in dealing with the Retail Price Index increase in 2012/13 business rate bills, by deferring payment of this over 3 years.

The essence of the scheme is rate payers will be able to defer payment of 3.2% of the 2012/13 bill which equates to 60% of the RPI increase until 2013/14 and 2014/15 by which time the total amount deferred will have been paid.

To apply for this scheme you will need to contact your Local Authority to request a form which needs to be completed and returned by 31 March 2013 provided some of your bill remains outstanding. However, it is preferable for you to apply early so that the reduction on the monthly instalments made can be seen sooner but you can still defer the whole of the bill regardless of when you apply.

In addition the Government has also temporarily doubled the rate of Small Business Rates Relief but there are parameters attached to this and please note you will need to apply for this relief, again by contacting your local authority business rates department:

• If you occupy one property with a rateable value below £6,000 you will pay no rates at all for 2012/13.
• If you occupy one property with a rateable value below £12,000 there will be relief available but on a depreciating scale.

The Government has also continued the Small Business Rate multiplier for those people who have rateable values below £18,000 (£25,000 in London). You will need to check your rates bill to ensure you are receiving this correctly. It should be 45p in the £ and not 45.8p in the £.

For further information contact your Local Authority.

April 2012

Mapeley Estates Instruct Roche to Find New Tenants for 28,000 sq ft Office in Norwich

On behalf of Mapeley Estates Limited, Roche have been awarded the letting instruction of 28,086 sq ft of office space at St Peter's House in Norwich city centre.

The property is prominently situated on Cattlemarket Street opposite the Castle Mall Shopping Centre and approximately mid-way between Norwich's bus and railway stations. The property is a modern six-storey building comprising open plan offices. Individual suites range in sizes from 1,037 sq ft to 4,801 sq ft and can be refurbished to suit occupier's requirements. Current tenants include Aviva and IBM.

To find out more about this property or to arrange a viewing, please contact Graham Jones on 01603 756340 or email graham.jones@rochesurveyors.co.uk.

April 2012

Legal & General - 43 High Street, Guildford

Acting on behalf of Legal & General, in October 2011 Roche advised on the purchase in of 43 High Street Guildford which is let to Santander UK PLC at a current passing rent of £155,000 pax.

October 2011

J & H Bunn - Great Yarmouth

Towards the end of 2010 and early 2011, J & H Bunn Ltd requested a valuation of their extensive portfolio which enabled them to sell the business to an American corporation, Koch Industries.

The portfolio comprised nine properties ranging from sites inland and in Great Yarmouth, the main base for the company, and from vacant land and premises, through to owner occupied premises, rented accommodation to investment properties and which included one listed storage premises.

Roche had to work closely with the client and their other advisors, PWC and Birketts at all stages to ensure a smooth transaction was achieved.

January 2011

Aberdeen Property Investors - Unit C Frenbury Industrial Estate, Norwich

Roche acting on behalf of Aberdeen Property Investors have been instrumental in marketing Unit C Frenbury, a 41,000 sq ft warehouse located adjacent to the Outer Ring Road.

The property was substantially refurbished to ensure it stood out from competing premises and with the benefit of a secure self-contained yard, has been of interest to several potential occupiers.

A number of parties have inspected the property and it has now been let to Edmundson Electrical for a new 15 year term.

November 2011