News

This has been and continues to be an unprecedented period for businesses across Scotland and one which is arguably having a disproportionate effect on the north-east economy. The chances are your business has been negatively affected in some way by the coronavirus pandemic. Operationally, fixed property assets will have been reviewed and in many cases closed up completely. What does this mean for business rates and what can businesses do to alleviate the rating burden during this challenging time? The effects of the pandemic have naturally dominated the headlines but there are opportunities that may be missed. Many businesses at … Read More →

We act on behalf of a private client who has a requirement for an Industrial Property Investment in the Central Belt of Scotland (Glasgow or Edinburgh area). Quality of both tenant covenant and the building is important whilst a 6%- 8% net internal yield would be acceptable. Our client is looking to place funds for the medium to long term rather than for an angle or for something to work on. Click here for flyer. Location: Central Belt – Glasgow, EdinburghPrice Range: £2.5 – £5MTenure: FreeholdContact: Graeme Watt E: graeme.watt@fgburnett.co.uk T: 01224 597533M: 07831 197170

As from 5 May 2020, the updated scheme enables ratepayers of properties in the retail, hospitality and leisure sectors, who were previously ineligible for support, to access the Small Business Grant Fund. Ratepayers operating properties in retail, hospitality and leisure where individual rateable values do not exceed £18,000 and their cumulative rateable value is between £35,001 and £51,000, will now be able to apply for the Small Business Grant Fund for each of their retail, hospitality or leisure properties. Previously, this part of the scheme restricted the cumulative rateable value to £35,001. Note also that the scheme now enables multiple … Read More →

In light of recent Scottish Government announcements beginning to address a return to our workplaces, it is clear that this will be a gradual and incremental process. Whether you occupy office, retail, warehouse or industrial premises it is likely that some form of alteration to your working practices or physical building alterations may require to be undertaken in the short term to comply with continued social distancing measures for some time to come. The Building Consultancy team at FG Burnett are on hand to assist you in this process and specifically in the following areas: -Workplace review/Space Planning -Workplace redesign/adaptation … Read More →

The exceptional circumstances we are experiencing at the moment have important implications for ongoing management of commercial business space. At FG Burnett we undertake the management of a diverse portfolio of properties both on behalf of the Landlord, and in other cases on behalf of the occupational Tenant. It is important that occupiers of all business space bear in mind that their premises require ongoing attention even when closed and with staff working from home. Whilst Government restrictions preclude routine site meetings, we continue to provide a check inspection at all the multi-let properties in our managed portfolio to ensure … Read More →

FG Burnett is pleased to have secured, on behalf of private client Beechleigh Property Holdings, a new tenant, Tetra Technologies UK, to a newly refurbished office and workshop building at Endeavour Drive, Westhill. The building, which extends to in excess of 20,000 sq. ft provides a broad mix of open plan and cellular office space to complement substantial workshop space complete with overhead cranes and external laydown space. FG Burnett not only acted as letting agent but the company’s Building Surveying team also handled the refurbishment of the building with CHAP Group as the main contractor. Iona Foubister, Senior Building … Read More →

FG Burnett has been recognised by CoStar for their performance in the Aberdeen Office market in 2019.  Despite challenging market conditions, CoStar Group Inc., the commercial real estate industry’s data and analytics leader, has just announced this year’s CoStar Awards recipients, recognising agencies that closed the highest transaction volume in commercial real estate deals and leads in their respective markets.  In Aberdeen, FG Burnett has been recognised as being the market leader in 4 distinct categories; most active acquisition agent for area transacted, most active disposal agent for number of deals done, and most active agent in both number of … Read More →

The Non-domestic Rates (Scotland) Bill The Non-Domestic Rates (Scotland) Bill was approved by the Scottish Parliament on 5th February following the recommendations set out in the Barclay Review of the rating system in Scotland. It is set to become the Non-Domestic Rating (Scotland) Act 2020 and will be effective from 1 April 2020. This will have significant implications for businesses and it is imperative that you aware of these changes and seek advice where necessary. I have outlined below the fundamental changes to assist you during this transition. You may also be aware of the very recent (14th March) Scottish … Read More →

It is appropriate that we advise all our clients, fellow professionals and intermediaries that FG Burnett has taken the required action to ensure business continuity and that we are able to continue to provide as normal a service as is possible during this unprecedented period of disruption caused by the Coronavirus outbreak. As at today’s date we are making arrangements for all staff to work from home. Your normal FGB contact will be available by e-mail and desk telephones have been forwarded to mobiles. We have instigated the above actions given the paramount importance of the health and wellbeing of … Read More →

FG Burnett is pleased to announce two new team members to its Property Management Department. Sandra Watt and Kevin Murray have joined the firm as Property Managers – Sandra’s focus is on the company’s residential property management whilst Kevin’s role covers commercial property management. Working alongside Christopher Yannaghas, Director and Head of Property Management, Sandra and Kevin are working with Christopher to continue to grow the company’s Property Management Service. Both Sandra and Kevin come to FG Burnett with a wealth of experience in their particular sectors and are great assests to the team. In addition to the recruitment of … Read More →