Call to con­vert va­cant shops

Yorkshire Post - Property - - FRONT PAGE -

THE Na­tional As­so­ci­a­tion of Es­tate Agents is call­ing on the Gov­ern­ment to al­low va­cant high street re­tail prop­erty to be con­verted to hous­ing in cer­tain ar­eas.

Peter Bolton King, chief ex­ec­u­tive of the NAEA says: “With the Gov­ern­ment still yet to for­mally respond to Mary Por­tas’s re­view of the high street, swift ac­tion from lo­cal au­thor­i­ties and for­ward-think­ing de­vel­op­ers is cru­cial to re­vive the UK’S town and city cen­tres. Com­mer­cial prop­erty own­ers are fac­ing high busi­ness rates for build­ings that no-one oc­cu­pies. There­fore, in the right cir­cum­stances, con­vert­ing these build­ings for res­i­den­tial use could have an aes­thetic and eco­nomic ben­e­fit.”

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