2.4 Mile Ocean Swim – 01:03:39
112 Mile Cycle – 07:18:46
26.2 Mile Run – 05:00:19

Thank you so much to all of you who have sponsored me for this year’s IRONMAN triathlon in Wales. A special thanks to Day and Bell who have been incredibly generous with their donations, and helping me work around a busy and gruelling work and training schedule; next goal passing my APC.

I am now proud to say that I am an IRONMAN Wales 2016 finisher, and more importantly that with your help I have raised £1,805.30 (£2,044.13 with Gift Aid) for Scope Charity (scope.org.uk).

My original goal was to raise £1,000, but thanks to all of your generosity we have almost doubled that.

My donation page will be live for the next month, so if you would like to give anything it would be greatly appreciated. Just visit virginmoneygiving.com/oliverbillson
Day and Bell’s Oliver Billson is competing in the IRONMAN Wales event on 18th September.

He will start with a 2.4 mile swim in the Irish Sea. This will be followed by a 112 mile cycle through the Pembrokeshire hills and finishing with a marathon run of 26.2 miles around Tenby.

Ollie has been training hard. This has included him commuting to Finchley from south London, totalledwith cycling 1,300 miles, running 228 miles and swimming 10 miles in the last five months.

Ollie is raising funds for the disability charity Scope UK http://www.scope.org.uk/. If readers wish to reward his efforts by supporting this worthy cause, please donate here.

Day and Bell staff celebrated the recent 9th birthday of the company by heading to Trent Park in Hertfordshire for an afternoon of tarzan swings, rope ladders and various other hair raising activities in the trees at Go Ape.

Fourteen staff members completed the course which included a very long (and high) zip wire at the finish.

The experience made many of us face and conquer our fears and it was a fantastic team building afternoon. Options are already being considered for another adventure next year – perhaps white water rafting!

Well done to all.
In the current economic climate many landlords are looking at solutions for restricting the falling reversionary value of their stock without the need of expenditure on professional fees or remedial works.

Interim Schedules of Dilapidations are a method of assessing the condition and disrepair of a property.

The schedules recommend the remedial works required to aid negotiation with the lessee to undertake the repairs and redecorations to put the premises in either reasonable or good order, depending on the circumstances. The fee for the inspection and report is usually paid by the tenant as part of their lease obligations.

Notwithstanding the above, it is important to understand the fine balance between keeping good relations with a tenant and also maintaining a property in a condition that could potentially maintain optimum capital value, in relative terms.

Day and Bell’s surveyors are currently undertaking a number of interim inspections on behalf of property investors to establish the extent of remedial works needed to enhance the condition and reversionary level of their building stock whilst identifying costs of work that are consistent with the lessee’s financial abilities. This is a highly skilled process involving positive and discreet discussions with each occupier to establish the level of expenditure that could be mutually agreed without significantly undermining the tenant’s operations and their relationship with the landlord.

The cost of such an exercise is based on a time spent / incurred basis and typically ranges from £1.25 - £1.50 per square foot (£13 - £16 per square metre) to prepare a Schedule that may be more favourably received by the tenant than the traditional process of inspecting and serving the document without some form of initial discussion. Please note that all of the above figures are subject to VAT and normal ‘out of pocket’ expenses.

We have successfully encouraged lessees to repair and redecorate leasehold properties after many years of neglect and lack of maintenance thereby enhancing the appearance and condition of the building fabric and reducing the effect of diminution of the reversionary value as a result.

If you would like to know more, please contact either us on the number below to find out how we may be of benefit to you.
Following the announcement of George Osborne’s budget we are set to see a huge boost for small business.
The current system means that any non-domestic property with a Rateable Value of £6,000 or less has 100% relief from paying Business Rates. As the Rateable Value of a property increases from £6,001 to £12,000 the rate of relief gradually declines from 100% to 0%.

The new regulation will mean that as of April 2017 there will be 100% relief for any non-domestic property with a Rateable Value up to £12,000, and from £12,001 to £15,000 there will be a tapered relief. There will also be an increase in the threshold for companies paying Standard Business Rates; an uplift from £18,000 to £51,000.
There has been concern over the place of small businesses on the High Street, with increasing competition from online shopping and convenience apps. The new regulation will be aimed to help those most burdened by the additional outgoings, and will mean that over 600,000 small businesses will benefit from not having to pay business rates.
It is also worth noting that these changes will not come in for another year, and that the VOA have now planned to revalue all non-domestic properties in 2017, meaning there is potential for them to be revalued at a higher rate than they are now.

Oliver Billson
Day and Bell has acquired yet another neighbourhood centre with forward funding agreement.
Cranbrook is an urban expansion offering a brand new community to home owners. The centre comprises 6 retail units fully let, anchored by a Coop unit with good lease terms. The centre is supported by a range of high quality community facilities including a primary school, doctors surgery, library and country park. The deal was an off-market purchase, as experts within this field, Day and Bell is often approached by leading developers.