Economy Secretary Ken Skates said: "This building is a real success story for both NGD and Welsh Government, having turned an unlettable
building into something really quite special and economically successful.
Citing the impending House of Fraser closure in Middlesbrough and the struggle of towns like Loftus, where "too many once-cherished shops stand empty, effectively unlettable
," he says the tax system needs to be fairer.
Since the Swiss Franc's strengthened value and relentless interest rate hikes, investors have paid a heavy price: unsaleable and unlettable
apartments, enormous loan obligations and huge negative equity, all aggravated by the Cyprus property crash.
Here we have a building in a prime location which is clearly in reasonable condition but is unlettable
. We are considering this at a time when we have plans to build more offices and apartments on seven major zones within the city.
Council leader Jon Collins said: "The end result of bedroom tax would have made these properties unlettable
. "This way people will still take them on." And Leeds Council was con-sidering redesignating the number of bedrooms in 865 homes so tenants can avoid the tax.
"Despite that, we estimate over 55,000 commercial units around the UK still remain below the required standards and if not updated will become unlettable
UP to 20 per cent of all Birmingham's commercial buildings could become virtually unlettable
within six years if landlords don't take urgent action, it is claimed.
The consultancy also claims the move will leave landlords exposed to diminishing property values and potentially unlettable
Property investors should act now to ensure that new Government legislation on the energy efficiency of buildings does not leave them with unlettable
premises, according to experts at national commercial property consultancy Lambert Smith Hampton (LSH).
Those owners and investors who do not keep up with the changes may find themselves stuck with obsolete and unlettable
Faced with the alternative of an insolvent tenant and a potentially unlettable
property, it is easy to understand why.
Of the bed-sits in Wallsend Road, 10 are empty with the properties becoming unlettable