Posts Tagged ‘Commercial Property’

Retail Property to Rent

It doesn’t take a property genius to work out the high street is currently in decline but the out of town retail sheds are also taking a battering in the current tough economic climate with big retailers like Halfords and Carpetright giving severe profit warnings, so what is the outlook for potential retailers before committing to a retail property to rent?

Who will fill these A1 (the use class for high street retail)spaces?   There seems to be little shortage of A3 (restaurant and pubs) and A4 (hot food takeaway) with outlets like Subway often opening 4 -5 outlets in one medium sized city alone.   Starbucks has had to reinvent itself from the top downwards in order to stay ahead of the countless designer coffee outlets and Costa Coffee is snapping on its heels.  Have coffee houses reached saturation or is there still potential for high street low cost retail property to rent? Read the rest of this entry »

What to look for in a commercial lease

commercial property leaseOK – you have decided you need to take some premises for your new start-up and you have found a great location, but what to look for in a commercial lease?   The landlord’s agent sends you a lease.   It is 70 pages long.  You have yet to instruct a lawyer but you want to have a quick look through the lease to see if there are any nasties.   However, this thing is massive and it is all written in heavy legal jargon.   What to look for in a commercial lease?

Well, most leases are organised in the same way so once you follow these guidelines, you should be able to at least move around the document with some confidence. Read the rest of this entry »

6 things you should know before doing a commercial property let

commercial property let

6 vital things you should know before you do a Commercial Property Let

Letting commercial property should be simple.  You have a premises.  You contact the letting agent. He puts up the letting board and draws up the Letting Particulars and that’s it job done. However, there are many things you need to know before you can carry out your commercial property let in the UK.

1. Energy Performance Certificates

It is a legal requirement that the landlord produces at his expense an energy performance certificate showing the energy efficiency of the building that is being let.  Commercial EPC’s are much more expensive than residential.  Whereas a residential EPC might cost £45, a commercial EPC could be as much as £300 to £400 depending on the size of the property. It is Trading Standards who enforce the regulations relating to EPCs and fines have been levied for landlords who have not obtained an EPC before letting.   Complaints might be lodged by a disgruntled potential tenant who was outbid by another tenant, for example.  So this really is not something you can ignore when undertaking your commercial property let. Read the rest of this entry »

Dominic Beeton, Solicitor
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