Band D Rating EPC passed the test!
Not every commercial EPC energy assessment is bad news!
There has been a lot of uncertainty as to the long-term effects of the MEES Minimum Energy Efficiency Standards since their implementation on 1st April 2018. Whilst this concern is justified, the most important advice we can give you is to ‘assess your EPC’.
As every new commercial lease must have a band E EPC rating or above, the worry is that those properties with an old EPC (Energy Performance Certificate) - or none at all - may fail when the date falls for retesting. Whilst this is likely if little has been done to the property over the years, some works can lead to positive results.
We were recently asked to review a commercial office space without a current EPC in Kings Cross, London which was about to be re-let. With only basic lease drawings, we were able to assess the individual zones and also access the plant room to calculate the energy assessment.
Despite high ceilings and traditional construction including sash windows, the following recent services upgrade and repair works had positively influenced the results:
- Landlord's boiler replacement approximately 3 years ago.
- Tenant’s upgrade of old air conditioning installation within last 5 years.
- Some replacement LED light fittings.
Whilst a D rating may not appear to be the most efficient result, it meets MEES requirements allowing the demise to be re-let which, in a competitive market-place, is of significant commercial value to the landlord. Not only is the cost of the assessment justified, but with a recommended list of improvements also provided, planned adaptation can be programmed in to suit lease dates to minimise disruption and maximise rental income.
Contact us to find out how we can help you.
Published on: 15 September 2018