Our experience is that it is never cheaper to demolish a building to the ground and build new - even with the tax advantage of 20%. For a Scottish Dorran we recently looked at an extensive refurbishment including new insulation throughout worked out at £1200 per msq + vat. Realistically a new build would be £2250-£2000 ex vat and upwards. Its just not the case that its economically advantageous to knock down and rebuild - even with the vat discrepancy. My issue is that refurbishment encompasses a huge portion of the luxury sector. That's new kitchens, basements, basement cinemas etc. If we zero rate these projects then its a big hand out to the most wealthy in society - who also own a lot of historic buildings by the way. How can you separate luxury fit out elements (which can represent significant amounts) from genuine energy saving and heritage restoration projects that benefit all?
Best of luck with this. Totally behind this.
Its worth visiting the distillery to understand the building in context and to see its scale. There are uneasy issues that come to light when you set foot in the place.
I am being lectured on climate change by architects that use private jets, right?