12/10/17
World Mental Health Day falls on 10 October every year, with the overall objective of raising awareness of mental health issues around the world and mobilising efforts in support of mental health and the organisation Mind has stated that this year the message has taken the theme of surviving or thriving, with the focus on why too few of us are thriving with good mental health. Below is a very brief summary on promoting wellbeing.

Day and Bell wish to support this message and to show our commitment to our colleagues' wellbeing we are closing the office at 4.30pm tomorrow.

Five ways to wellbeing:
Connect: Feeling close to, and valued by, other people is a fundamental human need and one that contributes to functioning well in the world. With this in mind, try to do something different today and really make a connection with your colleagues.
Get Physical: Regular physical activity is associated with lower rates of depression and anxiety across all age groups. Whatever your level of fitness, keep moving…
Take notice: reminding yourself to ‘take notice’ can strengthen and broaden awareness. Take some time to enjoy the moment and the environment around you.
Learning: Continued learning through life enhances self-esteem and encourages social interaction and a more active life. Join a class or a group to stay in touch, have fun and learn something new.
Give: Participation in social and community life has attracted a lot of attention in the field of wellbeing research. Individuals who report a greater interest in helping others are more likely to rate themselves as happy.

We hope you all enjoy your weekend!

https://www.mind.org.uk/workplace/mental-health-at-work/taking-care-of-yourself/five-ways-to-wellbeing/
09/10/17
https://www.pexels.com/photo/stairs-home-loft-lifestyle-2459/

Under the Town and Country
Planning (General Permitted Development) (England) (Amendment) Order 2016, permitted development will now be allowed for a change of use from Class B1c (Light Industrial) to C3 (Dwellinghouses).

The new change of use, which came into effect on Sunday 1st October 2017, will apply for a temporary period of three years; however, any change of use between these classes in that time will be permanent.


We have seen the influence that the decision to allow the permitted development change from B1a (Offices) to C3 (Dwellinghouses) has had on the level of office stock; however, it will be interesting to see what effect it has on the industrial sector. We already found a shortage of industrial space, with spiralling rents and expect this scenario will continue. The permitted change of use does not allow external alterations, so it is possible Planners may seek to retain employment uses, where they wish to maintain jobs in their area.

An interesting difference to consider is the future of each of these asset classes. With the emergence of serviced office providers, such as; The Office Group and WeWork providing space for the newer, more tech savvy “millennials,” it poses the question of how much longer the more traditional office will needed. In contrast, in the age of instant gratification and next day delivery, the loss of valuable industrial space could prove costly. London’s industrial land stocks are of vital importance to supporting its changing employment market, and we hope London boroughs fight aggressively to protect as much of their land as possible. For now, we will have wait and see what effect this change will have.

More information about the permitted change of use at http://www.legislation.gov.uk/uksi/2016/332/article/8/made.
06/10/17
Our landlord and tenant department continues to grow stronger in Highgate London N6, having recently completed various rent review and lease renewal transactions on behalf of landlord clients.

Day and Bell holds a substantial database of comparable evidence to help us negotiate market rents for different user classes in Highgate. The area is supported by affluent residential housing, with trendy shops, arty cafes and restaurants/pubs lining the High Street, while still maintaining picturesque charm.

Our in depth knowledge of the local market, combined with our extensive asset management expertise, means that we are able to provide robust advice to our clients and negotiate best results on their behalf.

Our fee structure makes it affordable for landlords and tenants to seek professional advice on Landlord and Tenant matters.


04/10/17
Day and Bell are managing agents of a large Co-op supermarket and eight retail / residential investments in Park Parade, Hazlemere. This is located in an affluent area of Buckinghmshire a few miles north of High Wycombe.

The changing face of the world of commerce has seen many changes on local retail centres and Park Parade is no exception. Blockbuster Video has been replaced by a local estate agency and a bakers has become a café.

HSBC Bank renewed their lease of their Hazlemere branch and it was something of a surprise when their surveyors contacted us to discuss a possible surrender. Demand was buoyant for retail space and there was competition from a coffee shop chain and takeaways for the premises. Our client decided to proceed with a new letting to Churchill's Fish & Chips. There was a nominal reduction in rental paid by HSBC, but this provided the opportunity to take back the first floor offices for development purposes.

With the close care and attention of a local architect and project manager, planning consent was obtained for the conversion of the ancillary offices to create two new apartments. The development was undertaken last winter and the flats have now been sold for £185,000 for the one bedroom unit and £220,000 for the two bedroom apartment.

The closure of the local bank may not be ideal for the vitality of a local shopping area, although our client has gained an established catering business (12 branches) as a tenant and realised significant gains on the development opportunity.

Day and Bell co-ordinated the professional team and relishes the prospect of seeking new opportunities in the current or a new asset management portfolio.

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