On 15th April new Permitted Development rights came into force providing a green flag to convert storage and distribution buildings (B8), used for that purpose for at least four years prior to 17 March 2014, into residential dwellings (C3).
The announcement comes after protracted government consultation and forms part of the wider General Permitted Development Order (GPDO), overriding the necessity to submit planning applications for change of use as long as the property does not exceed a maximum of 500 square meters floor space.
However, as expected, there are caveats.
Owners and developers must first consult with their local regulatory authority to establish whether certain permissions and prior approvals are required. The Explanatory Memorandum to The Town and Country Planning (General Permitted Development) (England) Order 2015 states "The right is subject to prior approval process covering transport and highways, air quality impacts on intended occupiers, noise impacts of the development, risks of contamination, flooding, and the impact the change of use would have on existing industrial uses and or storage or distribution uses"
Caxtons is once again delighted to have won the coveted property industry award 'EGi Deals Winner Kent 2015'.
This award is based on the number of commercial property sales and lettings achieved in the preceding twelve-month period. When compared to the previous year, Caxtons' results showed a 120% increase in the number of completed deals. This is the fourth time in the past five years that Caxtons has received the award and strengthens its position in the market place, demonstrating that it consistently outperforms its competitors.
Against all the odds, Caxtons improved upon the high
level of activity it was able to maintain even during the difficult market conditions of the recession, and the Caxtons' Commercial Agency team remains extremely busy, having sold and let more commercial property than any other agent in Kent.
Recently, The Financial Times published an article highlighting that up to 20 per cent of British office buildings will become un-lettable when new energy efficiency measures come into effect in April 2018.
Mark Coxon, director and head of Commercial Agency commented: "Owners of offices that currently fall into the F and G energy efficiency categories – the two lowest that a property can be awarded – should consider how they can improve their rating and act as soon as possible.