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Increases in rateable values (RVs) for Scottish non-domestic properties were announced last week. The Scottish Government also revealed changes to the relief scheme, most notably the removal of transitional relief.
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It is fair to say that 2009 was an eventful year for the Scottish property investment market, and it looks like 2010 is shaping up to be similar.
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If you run a business in the current economic climate, you’ll know that dealing with cash flow, dealing with staffing and trying to secure a profit can be challenging, so maintaining and repairing your business premises will often be low on your list of concerns.
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Fast Facts
Ryden was named Most Active Agent in Edinburgh by EGi at the end of January.
Ryden’s Managing Partner, Fiona Morton, has just been awarded life membership of the Investment Property Forum.
Rating Revaluation 2010
The rateable values in Scotland were published on Wednesday 10 February.
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Property News
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The letting of Broadway One at the end of 2009 was the largest office letting in Glasgow of that year and understood to be the largest letting of a speculative building in the city in over 30 years.
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The largest office letting in Leeds in five years concluded in December when Yorkshire Water took 56,700 sq ft at Livingstone House, Clarence Dock.
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In the biggest commercial development sale in Aberdeen for nearly two years, Stewart Milne Developments, advised by Ryden, sold its Acergy development.
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