A report from the Financial Times has highlighted the threat
to commercial landlords by upcoming energy-efficiency legislation. From April
2018, buildings that do not meet energy-saving criteria cannot be let, with the
number of offices falling into this category currently standing at 20%.
Energy Performance Certificates (EPCs) rank energy
efficiency on a scale from A to G, and under the new rules landlords will not
be allowed to let buildings which fall into the two lowest levels. This is
likely to affect a significant number of landlords because around 80% of UK
office buildings are over 10 years old and may not meet current legislation.
Forward-thinking property investors and buyers are beginning
to factor EPCs into their decision making which is already having an effect on
commercial building values. Once the government releases more information on
its plans, the impact on property prices is likely to be felt even more keenly.
Some buyers may not be deterred from purchasing non-compliant properties as
they’re happy to upgrade them, but an inadequate EPC will certainly be enough
to put many off.
If you’re a commercial landlord and are concerned that your
property will not be up to scratch when the new legislation is enforced, then
look no further than Gibbons for help. We have many years’ experience
conducting energy
audits for clients in the commercial sector, assessing equipment such as
heating, ventilation and air-conditioning (HVAC) systems, electric motors and pumps. Our
comprehensive energy audits identify areas where savings may be made, with
detailed reports issued containing crucial data and action plans.
For more information on how Gibbons can help you make your
building more attractive to potential tenants and meet the upcoming EPC
guidelines, call us on 01621 868138 or email info@gibbonsgroup.co.uk.
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