Archive for June, 2011

Commercial Property to Let in London

Commercial property types, simply put, are properties that fall outside that of a residential setting. This includes:

Office space – a single building or clusters of buildings designed for office use.

Retail space – stand alone shops, as well as shopping centres – really anywhere you can spend money.

Mixed use properties – for example you can have a boutique or business on the ground floor with apartments upstairs.

Industrial space – space typically dedicated to manufacturing, warehousing, research and development, as well as light & heavy industrial uses.

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Finding Commercial Property to Rent in Central London

London, as a centre for business, is an ever-changing being, having its own economy and market-pressures. Central London, the city’s core, almost dictates how these factors will affect the rest of the capital and the businesses that are housed therein. To find commercial property in Central London, you will need to employ the talents of a company that is well-versed in London’s idiosyncrasies and unique dynamics. Commercial property estate agents in Central London will have the expertise and knowledge to research what is a very small, but influential, part of Britain’s capital.

A commercial property estate agent will have access to comprehensive lists and details of available commercial property to rent in Central London. They should also have insight into previously untapped areas that could yield benefits to their clients; while there is a lot of commercial property in London, not all of it may be suitable for the specific requirements of a specific business. Using a commercial property estate agent allows you to continue running your company, safe in the knowledge that work is being done ‘in the background’, on your behalf. When the agent has sourced a number of appropriate premises, you can then decide which ones offer enough potential to be inspected.

By nature of their locations, commercial property in Central London can command greater rents than elsewhere in the capital. A commercial property estate agent can advise you on what are reasonable terms and even negotiate on your behalf to ensure that you are getting a good deal. Again, this requires some insight into the marketplace and the ability to ascertain how your company can benefit from moving into a particular locale.

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Why Invest in Commercial Property?

Commercial Property is More Stable than Residential Property

The current economic climate in the UK has meant that residential house prices are in freefall, the same fate, however, has not befallen the commercial property market. Although industrial real estate will suffer when residential real estate suffers, it does not do so to such an extreme. This is largely because people do not make a commercial property investment emotionally; therefore, prices are very rarely artificially inflated.

Commercial Tenants are More Responsible than Most Residential Tenants

If you have ever known anyone that has invested in the buy to let market you will probably have heard a few stories about “nightmare tenants”. This is not something you have to concern yourself with regarding your commercial property lease, you will be renting to companies and businessmen who for the most part will be very respectful of your property and certainly will not be throwing any wild parties there.

On Average Commercial Property Yields a Greater Return on Investment

Although you pay out more on average when you acquire a commercial property for investment, you also receive a much healthier return on your investment than your residential counterparts. This is largely due to the longer lease terms you can impose on your tenants which means you greatly reduce the vacancy periods that a residential landlord may suffer every 6-12 months.

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