Why You Need an EPC To Sell Your Business

Why You Need an EPC To Sell Your Business

When selling your business it is a legal requirement that a commercial property must hold a valid Energy Performance Certificate, however in some instances businesses may be exempt.

What is an EPC?

An Energy Performance Certificate (EPCs) is a document that informs potential buyers how energy efficient a building is which is important when they are considering to invest or occupy a building.
All EPC’s are accompanied with a report of recommendation which suggests ways in which the properties efficiency can be improved. Commercial EPC’s are valid for up to 10 years or up until a more up to date certificate is produced.

Who requires an EPC?

If you have a building (with roof and walls) that uses energy to condition the indoor climate, such as, heating or air conditioning, you are likely to require an EPC.
There are some circumstances in which an Energy Performance Certificate is not required, such as:

  • Places of worship
  • Temporary buildings that are only going to be used for 2 years
  • Stand alone buildings with a total useful floor area of less than 50 square metres that are not dwellings
  • Industrial sites, workshops and non-residential agricultural buildings with low energy demands

Why do I need one?

It is now a requirement of European Law that the majority of commercial properties must hold a valid Energy Performance Certificate before it can be advertised or sold.

What happens if I don’t have one?

If you do not hold a valid EPC when selling your business we cannot legally market your business, so your business may be withdrawn from the market with us. You may also be fined between £500 to £5,000 dependant on the rateable value of the building if you don’t make an EPC available.

How do I get an EPC?

If you need an EPC, only accredited Energy Assessors can produce an EPC for you. Here at Hilton Smythe we can arrange for an EPC to be produced for your property, call us on 01204 556 306 to arrange for an EPC to be produced for your property.
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