Business Property

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Business Property

Property (other than capital assets) that a person or company holds for business purposes. Examples include real estate, inventory, receivables and depreciating personal property.
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"Compared to a lot of other towns, we have got far fewer empty business properties. Oban does seem to be bucking the trend.
Record numbers benefitting from bonus scheme.Record numbers of small business properties are benefitting from the Scottish Government s Small Business Bonus Scheme (SBBS), according to new figures.The statistics indicate that business rates for 99,559 properties have been reduced or completely removed by SBBS this year, representing an increase of over 3,000 since last year.The figures also show the amount of money saved by small business properties through the scheme has more than doubled over the last eight years, increasing from 68m in 2008/09 to Au174m in 2015/16.
Business in Focus owns and manages an extensive portfolio of business properties throughout South Wales.
So, even though business properties accounted for only 28 percent of Worcester's tax base that year, their owners footed the bill for 39 percent of the city's tax levy.
TORIES urged the Assembly Government yesterday to postpone a revaluation of business properties which could increase rates for companies from April.
Search warrants were executed at two business properties in Newcastle and homes in Gateshead and Morpeth.
Leading Sofia-based consulting firms have reported that prospects for investment in industrial sites, warehouse complexes and logistics centres in the capital and the surrounding region have "improved", because the crisis has affected rent levels less markedly than other types of business properties. "In the current market, international investors can buy industrial property in Manchester or London at, say, 9.45 per cent, that would generate annual yields of about 8.75 per cent, which results in expectations for 12-15 per cent for Bulgaria as a risk premium," said Mihaela Lashova, manager of Investment Sales in Forton International.
The Business Rate Supplements Bill would allow councils to impose additional rates of up to 2p in the pound on business properties with a rateable value of more than pounds 50,000.
"However, we would urge the government to make it permanent to provide reassurance and stability on a long-term basis for investors in rural business properties for let, especially those with extended borrowings.
Currently, most empty business properties receive 100 per cent relief for the first three months of vacancy and 50 per cent thereafter.
Appraisers of business properties for a lessor owed a duty to lessees who had exercised options to purchase the properties at a price that was based on the appraisal, according to an Illinois appellate court.
"We've identified a growing need for long-term financing and sale-leaseback transactions of single tenant business properties," said Bruce Nelson, President and CEO, GE Real Estate Business Property.

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