Welcome to the March 2011 Newsletter
As snowdrops emerge from the ground and the weather is improving, dare we suggest that the green shoots of recovery have started? There is no doubt that activity levels are up within the property sector, although confidence and uncertainty remain issues as most of the world goes through a period of transition.
On a positive note the North West, according to Lloyds TSB, have outperformed the UK as a whole in terms of output, new business and employment growth in November. Manufacturers continue to be the trailblazers, particularly those exporting, and on that basis, particularly East Lancashire, is well placed to capitalise on growth.
A big concern however is the surge in energy and commodity prices which are predicted to continue upwards throughout the rest of 2011. Furthermore VAT and the totally unacceptable reduction in the empty rate free threshold bring further pressures to bear on the market.
As if that was not enough, further talk of inflation and interest rate rises will impact upon the massive outstanding debt in commercial real estate in the UK.
2011 we predict will bring more of the same, and one hopes that all involved in property will keep calm and carry on.
Caroline James
Senior Partner
Trevor Dawson
Latest News From Trevor Dawson
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BUSINESS RATES – THAT TIME OF YEAR AGAIN! March has come around again and with it lighter evenings and, of course, your annual Business Rates demand. In general, rates liabilities are increasing in line with the government’s measure of inflation, with the bills being based upon your 2010 Rating List assessment. |
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NEW ENTRANCE FEATURE REVEALED AT RIVERSIDE BUSINESS PARK Matt Fitton of Peel, Brian Cookson and Dorothy Morris of Pendle Borough Council, and property agents; Daniel Bourmad of Knight Frank and Michael Cavannagh of Trevor Dawson met at Riverside Business Park to reveal the new entrance feature. |
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Agency Partner, Jason Rawson, is currently in training for the Virgin London Marathon in April, where he is running on behalf of The East Lancashire Hospice. |
Opportunities
Kingsway House, Burnley
Landmark office building at the edge of Burnley town centre totalling 83,239 sq.ft. available.
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Former Club For Sale
Substantial club premises with redevelopment potential available fronting the A666 Blackburn to Bolton trunk road.
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Deals
Successful Disposal For Thwaites
3Bs brewery acquire the Black Bull at Tockholes.
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Handbridge Mill, Burnley
Edge of town showroom premises sold on behalf of Premier Gas.
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