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New EPC rules mean your commercial property could be unlettable by 2018

A report from the Financial Times has highlighted the threat to commercial landlords by upcoming energy-efficiency legislation. From April 2018, buildings that do not meet energy-saving criteria cannot be let, with the number of offices falling into this category currently standing at 20%.

Energy Performance Certificates (EPCs) rank energy efficiency on a scale from A to G, and under the new rules landlords will not be allowed to let buildings which fall into the two lowest levels. This is likely to affect a significant number of landlords because around 80% of UK office buildings are over 10 years old and may not meet current legislation.

Forward-thinking property investors and buyers are beginning to factor EPCs into their decision making which is already having an effect on commercial building values. Once the government releases more information on its plans, the impact on property prices is likely to be felt even more keenly. Some buyers may not be deterred from purchasing non-compliant properties as they’re happy to upgrade them, but an inadequate EPC will certainly be enough to put many off.

If you’re a commercial landlord and are concerned that your property will not be up to scratch when the new legislation is enforced, then look no further than Gibbons for help. We have many years’ experience conducting energy audits for clients in the commercial sector, assessing equipment such as heating, ventilation and air-conditioning (HVAC) systems, electric motors and pumps. Our comprehensive energy audits identify areas where savings may be made, with detailed reports issued containing crucial data and action plans.

For more information on how Gibbons can help you make your building more attractive to potential tenants and meet the upcoming EPC guidelines, call us on 01621 868138 or email info@gibbonsgroup.co.uk

HVAC Services, Electric Motors, Pumps & Controls

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