news
The latest news from Power & Associates and the property market:
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Smith Auctioneers & Power & Associates join forces
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We are pleased to annouce that the business of Smith Auctioneers & Chartered Surveyors will now work in association with Power & Associates, Chartered Surveyors and Commercial Property Consultants, Limerick.
From hereon Power & Associates under its Managing Director, PJ Power, together with Smith Auctioneers & Chartered Surveyors under its Managing Director, Jeff Smith, will work jointly in relation to the provision of commercial and professional property services in Galway and the Western region.
Jeff Smith has worked in the Galway area for many years having originally worked with Hamilton Osborne King and later Savills. Jeff Smith has operated very successfully trading as Smith Auctioneers and is in the business for 40 years. Jeff Smith, who is well known in rugby circles, is a former member of the IRFU Committee, former Chairman of the IRFU Charitable Trust as well as being a former President of the Connaght Branch of the IRFU in 1987 1988.
Smith Auctioneers is an established, successful business in Galway particularly specialising in the commercial property sector.
Power & Associates, Chartered Surveyors & Commercial Property Consultants are based in Limerick and have become recognised as one of the largest independent commercial property consultancy firms outside of the greater Dublin area.
Jeff Smith and PJ Power believe that the combined resources will provide an even greater level of professional service to clients in Galway and the Western, Midlands, Southern and South Western regions of Ireland.
When the Society of Chartered Surveyors Ireland was incorporated following the merger of the Society of Chartered Surveyors and the IAVI coincidentally Jeff Smith was elected Chair of the Western Region while PJ Power was elected Chair of the Southern Region.
PJ Power has worked for many years on the Council and various Committees of the Society of Chartered Surveyors and Jeff Smith has been very active on the Council of the IAVI.
Jeff Smith is very much looking forward to the new challenges is delighted to join forces with Power & Associates in relation to the provision of a wide range of commercial property services.
Power & Associates see the association as extending its geographical remit. Power & Associates has an extensive client base throughout the midlands, southern and south western and mid west regions of Ireland. Power & Associates has an extensive client base which includes Financial Institutions, Local Authorities, State Agencies, Semi State Companies, Co-Operative Societies Landlords, Tenants, Voluntary Organisations etc.
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Rating
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Established as a form of taxation on commercial and residential property, rates are payable to the Local Authority. There is a complex series of procedures for dealing with Rateable Valuations and it is essential that all appropriate steps are properly adhered to.
Drawing on our practical experience and bank of information, Power & Associates can quickly advise in its opinion whether or not the Valuation Office's assessment on your property is fair and whether it is worth appealing. When instructed to, Power & Associates will appeal a Rateable Valuation on your behalf and endeavour to reduce your annual rates bill.
The burden of rates is carried entirely by the commercial sector and is now a serious overhead in any business such that any opportunity to make savings must be pursued. Where a property is newly constructed or where there are other material changes, a property can be re-valued and the occupier is given a chance to make a submission and or appeal.
We can assist in the following areas:-
• Assessing the fairness of the existing valuation on the property.
• Negotiating with the Revisions Officer during the assessment process.
• Preparing submissions, lodging and negotiating with the Commissioner of Valuations during the
first appeal process.
• Preparing submissions to the Valuations Tribunal on final appeal.
• Advising on rates exemptions.
• Negotiating rates refunds.
Please contact Power & Associates on 061 - 318 770 or email info@powerandassociates.ie should you have any queries or require further information on the above. |
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Distressed Assets
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Power & Associates and Edward Cotter Partnership have come together to provide a team providing valuable service to Banks, Financial Institutions, Receivers and Liquidators.
Power & Associates and Edward Cotter Partnership, Chartered Quantity Surveyors and Building Cost Consultants have combined their resources and expertise to offer the Banking and Financial sectors a service in evaluating the viability of current and proposed projects with a view to confirming and ensuring the viability and accuracy of project costs and satisfactory completion.
This complete service will enable financial backers and those charged with the valuation of project viability going forward, to proceed with confidence on committed proposed projects and ensure that projects are delivered within approved budgets & in compliance with all regulatory requirements.
Power & Associates & Edward Cotter Partnership would be pleased to provide you with further information on this service and can be contacted on:
Power & Associates
T: +353 61 318 770
E: info@powerandassociates.ie
Or
Edward Cotter Partnership
T: +353 61 313 340
E: info.limerick@ecp.ie |
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Practical Guide to Commercial Property Leases
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Power & Associates have recently prepared a Practical Guide to Commercial Property Leases in the current property market.
This document has been designed particularly for Community and Voluntary organisations and deals with all aspects of commercial leases in an informative and structured manner.
Power & Associates would be pleased to provide professional advice or assistance to any organisation who is contemplating entering into any lease negotiations. Should you wish us to issue a copy of the above practical guide please do not hesitate to contact us on 061 - 318 770 or by email info@powerandassociates.com.
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