Latest News

Brief Look at buying or selling a small business 10th July, 2015 The process of buying or selling a business can be as stressful as moving house and requires good preparation and due diligence. The first thing to establish is what is being sold. Where a business is operated by a sole trader or partnership, the sale will be one of assets ie goodwill, future contracts/ bookings, property, fixtures, fittings, equipment, furnishings, websites and so on. In the case of a company, the... Read more
Business Rates on Self Catering Holiday Accommodation 2nd July, 2015 Business rates are payable on various types of self catering holiday accommodation including single holiday cottages, flats or chalets and complexes of accommodation. These properties are treated as non domestic and rateable if the property is self contained; self catering; let for short periods; let commercially and available to let (as opposed to actually let) for 140 or more days per year. A property available to... Read more
Business Rates on Guest Houses 26th June, 2015 Bed and breakfast and guest house properties pay business rates if short stay accommodation is available for more than 6 persons at any time or the bed and breakfast use rather than private use is the main use of the property. If business rates are payable, Council tax will also be payable on the part of the property which is private accommodation. The rates payable is based on the rateable value of the property wh... Read more
Contracting out of security of tenure 19th June, 2015 Under the Landlord and Tenant Act 1954, the tenant of premises from which a business is carried on has security of tenure when the agreed term of a lease comes to an end. This means that, even though the fixed term of the lease has ended, tenants of business premises have the right to remain in occupation at the end of the contractual term of a lease and the right to apply to court for the grant of a new lease. How... Read more
Scarce Land for Business Use 29th May, 2015 Undeveloped land for business use is scarce in the Eden Valley and North Lakes and the final 5 ½ acres of land at North Lakes Business Park represents a rare opportunity for potential developers and occupiers. Plots from 0.42 acres upwards are being offered for sale by Lyon Property through specialist agents Mere Commercial. North Lakes Business Park is situated on the north side of the A66 at Flusco and although t... Read more
Latest News and Property Alert 15th May, 2015 Our weekly Latest News and Property Alert is going out to around two thousand local businesses, professionals, other agents and potential buyers or tenants both locally and from across the country and the number is growing all the time. The Alert includes details of new commercial and leisure property and businesses that have come onto the market that week or properties where the price or other details have changed.... Read more
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