If I sell my industrial unit do I need an EPC?
If you are selling, renting or building commercial property, you need a Commercial EPC. An EPC should be provided to a prospective buyer or tenant at the earliest opportunity. There are a few exceptions when one is not required
· places of worship;
· temporary buildings with a planned time of use less than two years;
· stand alone (entirely detached) buildings with a total useful floor area of less than 50m2 that are not dwellings;
· industrial sites, workshops and non-residential agricultural buildings with low energy demand;
· on sale or rent for buildings due to be demolished
If a building is split into parts ‘designed or altered to be used as separate accommodation’ the parts may each require their own EPC. The sale and let of commercial buildings can be complex with multiple tenancies and uses.
Whether you need a single or multiple EPCs may depend on the heating systems and your future plans for the building.
The penalty for failing to make an EPC available to any prospective buyer or tenant when selling or letting non-dwellings is fixed, in most cases, at 12.5% of the rateable value of the building, subject to a minimum penalty of £500 and a maximum of £5,000. There is a default penalty of £750 where the formula cannot be applied. The EPC will still be required.
Call any of our commercial property experts for guidance and advice as to selling your commercial investment.