The latest news about Ross & Co business and general news of special interest will be posted on this page.
News
120 Jobs saved in Eastbourne.
We have successfully completed the letting of an 8,500 sq. ft. prime office building at 1 St. Anne’s Road, Eastbourne to Capita Business Services, who provide services to Government bodies.
Capita was looking for new premises and there were fears amongst the Eastbourne business community that they might have to relocate outside of the area. It was a major coup for us to be able to secure this office building for their 120 staff and keep them in Eastbourne. I would like to extend my thanks to Ian Coombs of Mayo Wynne Baxter solicitors, who worked hard with me to ensure this matter completed on time. The Childs Trust, owners of the building, is delighted to have let it for the benefit of their Charity.
The building, comprising three floors of offices, was vacated in July 2011 by East Sussex Hospital NHS Trust. An extensive refurbishment of the building will be undertaken by Capita’s in house design and project management team with occupation anticipated by the end of April.
Jim Gibbs from Capita commented on the new offices: "Capita is delighted to be staying in Eastbourne town centre and continuing its contribution to the local community. The new offices will provide excellent accommodation for our staff and reflect Capita’s credentials as an employer of choice within the region. The lease provides the landlord with a secure and quality tenancy while Capita has been able to secure competitive rental costs over the period.”
Condensation is often to blame.
At this time of year we receive calls as surveyors and managing agents to inspect houses and flats with what the complainant calls "damp problems". Mostly it turns out to be mould growth due to condensation, so before you incur any costs we suggest you click the link below.
WARNING: Possible pitfalls of a FIT!
The Royal Institute of Chartered Surveyors (RICS) has issued a warning to consumers that let their roof space for green energy schemes could violate mortgage terms and delay sales of properties.
Companies and home owners alike are looking to benefit from the Feed in Tariff Scheme (FIT) by installing solar panels and selling the generated energy to power suppliers. The agreements however can run for up to 25 years, often without a break clause, which could put homeowners in breach of their mortgage arrangement, discourage prospective buyers and if incorrectly installed create structural problems to their property.
The Green Deal is due to be introduced in 2012, which will result in all installers having to be accredited, butuntil then installations can be carried out by individuals poorly qualified to properly carry out the installation.
We recommend:
• Always obtain your mortgage lender’s consent.
• Take legal advice on the terms of any agreement.
• Any lease agreement will have to be binding on a future buyer and this
could affect a property’s saleability and value.
• Take professional advice on the proposed installation from a qualified surveyor.
Back to top
New Bakery to Open in Hailsham High Street.
Having recently sold the freehold of the old Buckmaster Bakery in Hailsham High Street approximately 9 months ago we are delighted to announce the agreed letting of the premises to Truffles Bakers and Confectioners Ltd. With 10 outlets in Sussex, including Hove and outlying villages such as Henfield and Hurstpierpoint, this family run business will complement the other users in Hailsham High Street. They have an anticipated opening in early/mid October.
Back to top
Hailsham High Street Update.
Hailsham High Street is rapidly filling up with new prospective tenants in negotiations for every premises currently being offered by our office. A few prime units remain in the Quintins development and Vicarage Field although negotiations are ongoing in respect of some of these units. Our joint agent in London is also in negotiations in respect of the Co-op site and other vacant units with several different parties, so we have no doubt there will be further good news in due course.
Back to top
Recent Seaside Lettings.
Ross & Co have continued to buck the trend by arranging a further two lettings in Seaside, Eastbourne. Ladbrooks plc are moving their existing operations to a new unit at 80 Seaside, which is currently undergoing substantial refurbishment. Another local covenant, Iron Maiden, has agreed to take 139 Seaside and will no doubt benefit from the more prominent corner frontage that this position offers.
Back to top
Eagerly awaited New Instruction.
A rural site suitable for a nursing home or other medical use is shortly to be marketed by Ross & Co. Ideally placed in a local village, and suitable for between 80 and 100 beds, the site is to be sold subject to planning permission being formally obtained by the prospective purchaser.
Back to top
Prime Property Management Instruction.
Ross & Co have been instructed to manage the prime development of the Printworks in central Lewes, comprising a virtually new development of 50 units. The lessees’ management company is active and will be working closely with our property manager Scott Lynch (Director), of our Eastbourne office, to ensure a smooth transition and resolve the outstanding issues.
Back to top
