Bruton Knowles Signs Major Commercial Deal Before Stamp Duty Hike

Posted on 18 March, 2016 by Chris Grigorovsky

Bruton Knowles dodged the budget bullet by acquiring a multi-let investment just hours before the Stamp Duty hike took effect, saving the client £20,000 in extra duty.

Bruton Knowles Signs Major Commercial Deal Before Stamp Duty Hike

The Language Business Park deal was signed off by Mark Slade from Bruton Knowles before the midnight deadline.

He said: “We had to be on our toes to tie off all the loose ends before the Midnight deadline, as we heard the Budget statement early Wednesday afternoon and we were not quite ready to exchange.”

The 39,643 sq ft multi let investment was acquired for £3.1 million and comprises four occupied units at Drakes Court on the Language Business Park in Plymouth.

Mr Slade concluded: “Our long term client had been seeking a ‘clean’ investment for some time and this seemed to fit his criteria perfectly.”

Language Business Park has a mixture of industrial, distribution, manufacturing and trade counter uses. Nearby occupiers include an EE Call Centre, Dixons, Toyota and Audi car showrooms.




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants