3. Buyer’s agent fees A buyers’ agent will usually charge you a percentage of the purchase price of the property they secure for you. This is usually in the order of 2.5% of the property’s value. But while some see this as a cost, I see it as an investment – mistakes are expensive and good advice is cheap in comparison.
Letting agents tend to charge between 10 and 15 per cent of the rent for their standard service, with a charge of 12.5 per cent factored in by our calculator for finding a tenant and management. Mortgage costs may also apply.
In order to be suitable for use as a battery storage site, there are various requirements that need to be met. These include factors such as proximity to a substation or other grid connection and sufficient grid capacity in the area. Access and planning policy are also considerations.
Landowners are urged to think carefully before signing up with developers seeking secure sites for large-scale battery storage systems. The concept is similar to diesel generator schemes and is driven by a National Grid project to balance electricity supplies during times of peak demand.
It is also offering to sell the building back for £1 at the end of the 25-year lease. Solar developer Belectric is looking for sites of at least 0.4ha to build its containerised battery systems, offering “highly competitive” rents, quick construction and minimal disruption.
As the UK transitions to a green electricity grid, there will be an increased need for battery storage sites due to renewable energy sources like solar and wind power producing energy intermittently, meaning that energy can be produced when not needed.