The supermarket/convenience store situation in the UK is evolving at a fast pace as has been outlined throughout the course of 2014 in the media: this is outlined by recent sales figures which show the following on turnover figures:
Aldi: plus 26%
Lidl: plus 17%
Waitrose: plus 5.6%
Sainsbury’s: minus 2.5%
Morrisons: minus 3.3%
Tesco: minus 3.7%
The final unit at Copley Enterprise Park, Tadcaster has now been let. The park along with the rest of Tadcaster Industrial Estate are both now fully occupied. Industrial units in and around the Tadcaster area are now a scarce resource, Sherburn in Elmet still has some availability although significant lettings there over the past 12 months has seen their vacant space reduce dramatically.
Malcolm Stuart Property Consultants LLP recently completed on the sale of Taylor Maxwell House on Glebe Terrace, Headingley to a private investor for residential conversion. The property achieved a sale price of £560,000 for approximately 4,297 sq.ft of space.
Leeds city centre office take-up in 2013 will easily outperform 2012 and for the first time in six years will be on a par with pre-recessionary levels, reports BNP Paribas Real Estate.
BNP PRE reports 2013 Leeds out of town take-up is expected to reach 440,000 sq ft, also well ahead of last year’s level.
There was, prior to the Autumn statement, a strong lobby to freeze Business Rates in the continuing economic gloom in the retail sector. However, this did not happen, although there was some respite for rate payers in that the Rate in the Pound for next year, 2014/2015 has been capped at a 2% increase, rather than the traditional RPI which would have increased rates by 3.2%. In addition, Small Business Rate Relief, which helps a lot of small businesses, has been extended for a further year on the current basis.
