Let’s talk about property Presented by: Ian Parker, Ethical Property Foundation 22 nd May 2012

A menu for the session A brief overview of the Ethical Property Foundation A look at some property issues What are the key property demands in the sector A brief overview of asset transfer What would you do if The BIG conversation piece you

Who are we? Advise charities and community groups on property issues - providing free and affordable solutions Property Advice Service, Team Around the Charity, consultancy, training, promotion of ethical practice Deliver through in-house team, Register of Property Professionals and Associate consultants Head office - London, regional office - Bristol Since January 2012, a nationwide service

Our values Responsibility Sustainability Equality Empowerment Accountability

Through the Maze - a guide to buying property Environmental Sustainability in the Workplace Relocation Co-location (developing successful shared premises) Property management for non-property managers All you ever wanted to know about Property, but thought it was too expensive to ask Property in a Recession How to be successful in your lease negotiations Training courses

Current demand issues Strong demand for space Finding a space or an office or buying premises Securing or renewing leases on favourable terms Resistance to sharing remains Loss of premises via disposals Affordability and market rents Lack of knowledge Broad disparity in approach by public landlords Suitability of available space – location and use Condition, compliance and maintenance New models emerging

...and the asset transfer chestnut Identifying the asset Development process: appraisal, funding, viability, governance and readiness Obligations Works: new build, refurbishment, fit out Transfer: ownership - purchase, lease Occupation and commencement of services Operation management

..so let’s talk about property...this is a simple piece of toast. How much do you think it cost? £30,000

...so let’s look at a property opportunity Meadow Wells Multicultural Forum: asset transfer Group exercise

What is the opportunity? Wells House, 8,000 sq ft on 3 floors with basement Grade II listed building in Glebe Gardens, 5 mins from town centre, ready to occupy Formerly owned by local parish then a local university Passed to Wells Borough Council Asset transfer to Meadow Wells Multicultural Forum

The Situation? You are a registered charity with £11,000 pa secure for 3 years. Terms offered at £3,000 pa for 5 years, internal repairing only, shared car parking space, EPC rating is F Potential tenant agreements Existing co-tenant Meadow Wells Community Transport (MWCT) Education and community uses, vacant possession except for MWCT, occupancy from Sept 2012

What would you do? Group exercise

...so let’s look at some of the issues  What are you getting? Location/suitability Your rights/restrictions Length of term How much rent? Maintenance Assignment

.....so let’s talk about your property THANK YOU NOW OVER TO YOU