On any sale of the assets of a pharmacy business (i.e. any property and separate assets, but not a share sale) the seller has to produce to the buyer a standard energy performance certificate showing the energy rating of the property.
The grading works on a sliding scale basis with A+ being the most efficient and G the least efficient.
Minimum energy efficiency standards come into force on 1 April 2018, from when commercial premises (including pharmacies) for which an EPC is required can only be let out if they achieve an EPC rating of E or above unless:
These exemptions last for five years and to qualify a property owner must register the exemption that it is relying on.
Minimum energy efficiency standards will apply to continuing lettings from 1 April 2023 as well as new lettings, and the government has indicated that the minimum letting requirement for an EPC rating of E will be raised over time.
The introduction of these standards from next April will have a considerable impact on pharmacy property owners and occupiers if they want to let their premises, and action should be taken to comply.
The above is a general overview and we recommend that independent legal advice should be sought for your specific concerns.
Claire Timmings is a solicitor and legal director in the pharmacy property transactions team at Charles Russell Speechlys LLP, Claire.Timmings@crsblaw.com.