Published by BANKIER SLOAN CHARTERED …

1 outlook March 2018 A monthly e-newsletter covering Industrial, Commercial & retail property in North Oxfordshire, North Gloucestershire, South Northants and South Warwickshire. Published by BANKIER SLOAN CHARTERED SURVEYORS. Acquisitions: Sales: Lettings: Lease Renewals : Rent Reviews : Planning : Rating: Management BANKIER SLOAN CHARTERED SurveyorsSugarswell Business Park, Shenington, Banbury, OX15 6 HWTel: Banbury 01295 688384, Mobile: 07831 TO LET: Office (A2) / retail 1 The Square, Stow-on-the-Wold New Lease. 12,000 per annum plus TO LET: Thorpe Way Industrial Estate, Banbury. New Lease. 8,250 LET: 2,150 sq ft Workshop / Showroom & Offices plus 200 sq ft First Floor Storage.

2 Unit 12, Fosseway Business Park, Moreton-in-Marsh. Available due to expansion. 16,000 SLOAN PROMOTED HERE FOR THE FIRST TIMETO LET: SUGARSWELL BUSINESS PARK, SHENINGTON2,300 sq ft Unit, comprising Warehouse/Workshop & OfficesEasily split into two 3 or 6 Year Lease. Rent : 20,000 per annum. For further details please email call 01295 688384 / 07831 338111 retail INVESTMENT : Ideal for SIPP or small family trust. Two tenants . Main road location. Income 24,000 per annum. Expected sale price around 300,000 For full details please e-mail are always pleased to receive information relating to investment properties for our retained clients. As many readers will appreciate, we have considerable knowledge of the commercial property market across the region and are happy to advise on potential might be minus 6 degrees outside and blowing a gale, but the fact both myself and my assistant are still working illustrates the limited need for traditional town centre office accommodation.

3 Many businesses can still continue to operate using modern technology. Fifteen years ago all professional businesses needed a smart office. Laptops were just coming in to use, never mind the i-phone* or the galaxy. The ever reducing demand for traditional town centre office accommodation has limited the growth in office rents for many investors, whilst the demand for industrial units (of almost any size) continues to produce good returns for those who have invested in this sector. As ever, we hope you'll find something of interest in this issue of outlook . Please do not hesitate to contact us with any commercial property issues. Regular readers will appreciated our work is very varied.

4 If you feel we can assist, we will be delighted to hear from you.* The inven on of the i-phone was only announced by Apple in January 2007 and they only started being sold on June 29, 2007 !TO LET: Small Self Contained OfficeHook Norton. 3 Year Lease. 80 per MARKET PLACE FREEHOLD SALE Our clients, the freeholders of this excellent office fronting Market Place, have confirm to us in the last week that they would sell their freehold interest for a price in the region of 185,000. We know this will generate interest. Viewing is highly recommended. A lease also remains available as from 1st May 2018 at 15,000 per annum. Lease. 22,000 plus VAT LET: Wildmere Road, Banbury Workshop / Storage / Offices BUSINESS RATES RELIEFSome readers may wonder why we keep talking about Business Rates Relief, month after month, after month.

5 Well, we think it's very important for small businesses and we're always delighted when the local press around the country or councils take up our stories and run them in some format for the benefit of local businesses. Here are just three examples from February alone. We don't mind if a council doesn't actually credit us as we know the TABLE is ours. We give them permission to up-load for FREE with, or without, a credit to BANKIER RETAILING: LINK EAST MIDLANDS : VALLEY COUNCIL : helped a Nottingham based cricket club recover over 3,000 in February so you can see how beneficial Small Business Rates Relief can LET: New Second Floor Office, Home Farm Works, Clifton Road, Deddington, Oxon.

6 New lease. 6,600 plus VAT per APRIL 2018 TO LET: Open Storage / Haulage Yards, Banbury. New 1 to 3 Year Leases. Rents: 80 per LET: 4,300 sq ft Workshop, Kineton. Rent: 20,000 per annum. FOR SALE 700 sq ft Ground Floor Office/Shop. 36 Timms Road, Banbury OX16 9 LET: Shop / Office, 18 Main Street, Bilton. New 3 or 6 year lease. 12,000 wish to thank PCS Facilities , in Aynho for their considerable efforts and commitment to completing the reconstruction of this unit, based on Fosseway Business Park, Moreton-in-Marsh, in time for the grand opening of the Shakespeare Hospice s second hand furniture store. We also are very grateful to Ford Electrical , near Evesham, for their extensive work over the last few months.

7 We would happily recommend either of these contractors to local businesses. TO LET: YARD & WORKSHOPNew Lease @ 8,500 RATES : Stop Press (2nd March 2018 ) To illustrate the amount of relief now available to many businesses, the government have just Published their anticipated costs for such relief. This shows a 9% increase in cost to the government between 2017/ 2018 and 2018 /2019 or 340 million. TO LET: Workshop, Deddington 2,500 sq ft. New Lease. 15,000 plus VATThis excellent workshop, has good headroom and is located on a long established industrial site on the edge of Deddington. The owners have a site office and CCTV is operational. SLOAN CHARTERED FEBRUARY 2018 Small Business Rates Relief 2018 / 2019 These figures are based on the Small Business non-domestic multiplier for 2018 / 2019 which has been set by central government at 48p in the pound.

8 Below are two tables, the first shows the rates payable from April 2018 by businesses able to claim Small Business Rates Relief who occupy a single property having a Rateable Value between 12,000 and 15,000, for the financial year 2018 / 2019. The second shows the percentage of relief available for each rateable value. Since the 1st April 2017 businesses occupying only one property with a rateable value below 12,000 should be paying NO rates. _____ _____ _____ RV RV _____12,050 12,100 ,150 ,200 ,250 ,300 ,350 ,400 ,450 ,500 ,550 1, ,600 1, ,650 1, ,700 1, ,750 1, ,800 1, ,850 1, ,900 1, ,950 1, ,000 2, ,050 2, ,100 2, ,150 2, ,200 2, ,250 2, ,300 2, ,350 2, ,400 3, ,450 3, ,500 3, ,550 3, ,600 3, ,650 3, ,700 3, ,750 3, ,800 3, ,850 4, ,900 4, ,950 4, ,000 4, ,050 4, ,100 4, ,150 4, ,200 4, ,250 5, ,300 5, ,350 5, ,400 5.

9 450 5, ,500 5, ,550 5, ,600 6, ,650 6, ,700 6, ,750 6, ,800 6, ,850 6, ,900 6, ,950 7, ,000 7, 12,000 ,050 ,100 ,150 ,200 ,250 ,300 ,350 ,400 ,450 ,500 ,550 ,600 ,650 ,700 ,750 ,800 ,850 ,900 ,950 ,000 ,050 ,100 ,150 ,200 ,250 ,300 ,350 ,400 ,450 ,500 ,550 ,600 ,650 ,700 ,750 ,800 ,850 ,900 ,950 ,000 ,050 ,100 ,150 ,200 ,250 ,300 ,350 ,400 ,450 ,500 ,550 ,600 ,650 ,700 ,750 ,800 ,850 ,900 ,950 ,000 % relief RV % relief Key: RV - Rateable Value - Amount payable after claiming Small Business Rates Relief for financial year 2018 / These figures may vary by a few pence due to variations in decimal point calculationsFor further advise on Small Business Rates Relief, and other reliefs available to local businesses, please contact CHARTERED Surveyors BANKIER SLOAN Last update: Spring SLOAN CHARTERED SurveyorsSugarswell Business Park, Shenington, Banbury, OX15 6 HWTel.

10 Banbury 01295 688384, Mobile: 07831