One of the biggest challenges for commercial property is around the EPC legislation, which affects much of the second-hand and tertiary stock in our area.
Partnering with a professional EPC consultant, we are advising Landlords on any improvements that they may need to undertake to their premises in order to comply with an ‘E’ rating and above. This can prove especially challenging due to the shortage of labour, supply chain issues, and the rising costs of materials etc.
Energy costs are often a major factor in determining whether occupiers seek to relocate to larger units, or downsize to save on spiralling energy costs.
Penn Commercial can undertake an inspection of your accommodation to assess its viability for letting, in line with current compliance and regulations, and make recommendations as to how the property could be maximised for the rental market.
Penn’s commercial assessment includes:
- Exploring comparable rents for similar office accommodation in the area
- Reviewing the potential fit-out and associated costs
- Broadband provision
- Energy savings and conservancy
Working closely with clients, Penn is able to suggest a number of energy-saving improvements and measures to help to bring the EPC up to a suitable level for letting, which has led to an upgrade to a ‘B’ rating.
In its marketing strategy, Penn can recommend a phased letting approach to clients, to make the upgrade process more viable and cost-effective.