This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Vacant properties need EPCs for sale or rent

28 January 2009

An estimated 90% of all commercial property owners still haven’t taken steps to get their energy performance certificate and cannot legally be sold or rented.

Most of the 90,000 shops which are expected to be vacant by the end of February will not legally be allowed to be sold or rented unless commercial property owners and insolvency professionals act very quickly on new Energy Performance Certificate (EPC) legislation which became a legal requirement on 4th January, according to independent specialist environmental consultancy Envos.

The legislation requires all commercial property owners to obtain an EPC before the property can be marketed for sale or letting, but Envos warns that 90% of the commercial properties owned by the people it has spoken to still don’t have an EPC and aren’t in the process of getting one, which equates to a staggering 1.6 million commercial properties across the country2.

Wade Barker, Managing Director of Envos, said: “There are still far too many commercial property owners who are unaware of what an EPC is and how they get one. They are risking Government fines by not getting one, and with the recent spate of vacant retail outlets set to grow to 135,000 outlets by the end of the year1 we expect there will be a huge backlog of properties needing certification in a rush, and a huge amount of fines being doled out to those who don’t comply.”

The recent attack of retail insolvencies has included Woolworths, which has closed the last of its 800 stores, MFI and Roseby’s, and even Marks & Spencer has announced it plans to close 27 stores.

Envos is also warning that failure to comply with the legislation and act on EPC information risks damaging the market value and rental yield of the property. Wade Barker continues: "Property owners need to get their EPC as soon as they can, so that they can get on with the important business of making commercial properties more energy-efficient and reducing the carbon footprint of our buildings. UK businesses are haemorrhaging almost £7 million a day due to poor energy-efficiency, and in this tough economic climate, energy saving could be extremely financially rewarding for them.”

The Communities and Local Government’s (CLG) decision to introduce transitional arrangements for implementing the EU Energy Performance of Buildings Directive effectively extended the deadline from October 1st 2008 until January 4th 2009, and was seen by many including Envos as an admission that there weren’t enough qualified assessors to undertake the surveys.


Contact Details and Archive...

Print this page | E-mail this page

https://www.fsifm.com
https://cleaningshow.co.uk/london


MOST VIEWED...

View more articles
Article image

Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the r...
Article image

Chris Jarvis appointed as MD for JR&Co

Julius Rutherfoord & Co (JR&Co) are delighted to announce the appointment of Chris Jarvis to the role of Managing Director....
Article image

Meeting the needs of the post-pandemic working environment

Changes driven by the impact of the Covid-19 pandemic is requiring software developers to update their offerings to meet the demands in the changing workpl...
Article image

Rinnai opens new office at The Building Centre in the heart of London

Rinnai, leader in low carbon hot water heating units and systems, is opening a new office and permanent exhibition in the renowned Building Centre in the h...
Article image

Extended service offering results from purchase of Cooltech

Ecoserv has announced it has purchased the Cooltech Environmental Engineering business in a deal worth £3.5m....
Article image

Property company enters administration with £1.4m debt

Despite receiving government support during the Coronavirus pandemic, property management company ARPM has gone into administration, it was reported earlie...
https://www.uhubglobal.com/
http://edition.pagesuite-professional.co.uk/Launch.aspx?PBID=78915b1c-0f11-4b5e-9468-ba601ad89761