A very good client has just contacted us, saying the that the sale of a large department store has stalled with the purchaser asking for £250.00 reduction in the asking price, saying tha the property will need to be refurbished to achieve a ‘D’ rating on the EPC, which is expected to be required on all commercial properties by 2016 the latest.
It is essential to make sure that when any epc is carried out that the best rating possible is achieved in order ensure that any purchaser cannot use it as a bargaining tool to reduce the price as has happened in this case.
Those who say an epc is just a piece of paper and do not really think it has a value other than just being another peice of red tape should think again
It is possible to improve the rating of an epc with some low cost improvements.The epc can be re-lodged.
It is also worth noting that future purchasers and lessees will be more interested in a commercial property with a good rating and one that is energy efficient than one that is poorly insulated and expensive to maintain.