Commercial Agency - FAQs


Mark Bunting
Director - Head of Division
01727 843232

Please Click a Question to scroll down to the answers below
Q. What fees do you charge?
Q. How long, on average, should it take a sale to go through?
Q. What marketing budget should I allow?
Q. Is it complicated to change the planning consent of a property?
Q. How would I find out the rateable value of the property and rates payable?
Q. Does all rented/leased accommodation carry a service charge?

Q. What fees do you charge?

A. As a guide across the industry, fees are normally charged at approximately 10% of one year's rent, or 2% of the freehold value for sole selling/letting rights. However,we would emphasise that this is a guide and fees often differ. We would behappy to provide quotations and further information regarding specific properties.

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Q. How long, on average, should it take a sale to go through?

A. This is an extremely difficult question to answer with a single answer, which will differ dramatically between individual properties and depending on the market conditions at the time. As a general guide, we would suggest that three months should be allowed to obtain an offer and a further two months for the matter to go through solicitor's hands. Guidelines that are more accurate can be given for specific properties.

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Q. What marketing budget should I allow?

A. As a general guide we would suggest a budget of around 5% of the rental income or ½% of the freehold sale value. Again specific budget will be suggested for individual properties, but this is an adequate guide for the majority of marketing and expenses.

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Q. Is it complicated to change the planning consent of a property?

A. This purely depends on the property and the Local Council. However, we do have the services of Brian Barber Associates who are part of the Aitchison Raffety Group who can provide a full planning and advisory service from a change of use to major re-zoning within District Plans.

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Q. How would I find out the rateable value of the property and rates payable?

A. This can either be done via your local Valuation Office or District Council or by logging onto the Valuation Office web site at www.voa.gov.uk.

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Q. Does all rented/leased accommodation carry a service charge?

A. Service charges usually arise where there are shared communal areas not under the control of a single tenant and upkeep of these areas is then organised by the landlord and billed back to the tenant. This can typically be for parking/landscaping of a scheme or upkeep of stairways, reception and structure in a multi-occupied building. Checks should be made with landlords as to the level of service charge and what services are included within the bill.

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