Commercial Property Buyers
Commercial land, property or Industrial property can take time to sell. The typical route ‘and the reason that you may have come here to sell your property’ is a business transfer agent or a commercial valuer. They all use more or less the same property portals – Rightmove.co.uk, EGI Property Group, and etc. These are going to time as the demand for commercial property is less than that of residentials for sale.
The property has to be first listed, existing clients are informed and then left on the portals for a buyer to come along. This can take months if not years. When a buyer does come along, invariably they have to go to a lender to borrow money and we all know what entails.
Sell Commercial Property
On occasions we have come across hotels, pubs, shops and other commercial buildings where things have just simply not worked out. A business whose supplier folded leaving you in the proverbial, financial hiccup – where you run into mortgage issues with your lenders. You may even have the lenders wanting you to sell the property to pay off your loans. We don’t see problems when it comes to buying a property – we will be completely upfront and transparent, so you know exactly where you stand with us.
What do we buy?
|Leisure||hotels, public houses, restaurants, cafes, sports facilities|
|Retail||retail stores and empty shops|
|Office||office buildings, serviced offices|
|Industrial||industrial premises, office/warehouses, garages, distribution centers|
|Healthcare||medical centres, hospitals, nursing homes, care homes|
|Apartments as ||Residential developments|
How do we buy property?
We have a number of funds and lenders that understand what we do and how we do it. If we think your property is investable an offer will be made. On accepting our offer we will instruct solicitors and if you choose a solicitor from our panel of solicitors we will pay all fees and administration costs. We typically exchange with weeks, in some cases days, and agree on a completion date. It’s as simple as that. Obviously, we go through the normal due diligence – but we try and make selling your commercial premises a ‘breeze’.
We will consider any value up to £15 million, beyond that we have to bring in partners to ensure the deal gets done. For more about us.
We also operate what are known as Lease Back options which mean you can remain in your retail premises at a rental rate. If any of these options sound like a suitable solution to the problem of selling your commercial property fast then call us on 0800 0122334.
Ready to get started? Fill out your full Property Brief now Here.
The Property Buyers are retained by a number of clients who will buy any type of commercial premises that are for sale including offices, Industrial Units and commercial land.
April 2021 Sales of Commercial Property Update
The UK commercial property market is still resilient, even in the light of Brexit
Demand for commercial property main stems from buyers from the Far East, in the main China and this has bolstered the by an increase of 12% compared to last year. The European investors are holding back due to the uncertainties of Brexit, UK Investors seem to have waded back but not as strongly as previous years.
Whether the political climate is good or bad, the UK market still remains a staunch contender for investors outside of Europe and London is the number spot for global commercial property investment.
There are pressures on the larger corporate landlords as their exposure to retail is putting immense pressure on them to reduce the rents. This brought on by online shopping and an ever-decreasing profitability in ‘Bricks and Mortar’. However, the yields remain consistently higher than the industrial sector.
Having said the industrial yields are lower, the lack of stock and a significant increase in the manufacturing sector together with availability of stock – the industrial sector is strong, consistent income-streams and lack thereof.
The North East due to lack of stock is the ‘darling’ of commercial property buyers. Prime, quality commercial sites with strong arterial routes are driving demand and therefore price. Goldman Hunter Properties have industrial units which are generating 7.6%.
The big demand for the larger retail units is driven by the need to storage and warehousing, as the online market grows. The cost of rental properties has driven many organisations to setup their logistics from their operations to the North East.
The North East has not only benefited from the industrial and warehousing boom – but in alternative real estate in the guise of Student Accommodation and the Healthcare and Leisure.
Commercial Property Sales Questions
Most frequent questions and answers
How do I value my commercial property?
First, take the property’s net annual rental income and divide it by your estimate of the building value. This will give you an idea for how much one can realistically earn from this investment- a capitalization rate; then, take your net operating income and subtract that figure from what you have to work with in order to truly calculate profit potential
What are the best ways to increase the value of my commercial property?
If letting, then increase the rent. However, be careful about how much rent increase you will impose – if too high it could result in decreased occupancy rates or even vacant property on their hands (which won’t bring them any income). On raising rents, do your market research, include clauses into rental agreements at renewal time stating a gradual rise as more information becomes available over time from further evaluation by experts who know what’s best!
How do you sell a commercial property?
The process of selling a commercial property can be overwhelming and complicated. But with the right amount of preparation, it’s possible to ensure that there are no hiccups during the sale process- all thanks to an understanding about the capital gains; knowing relevant prices for other properties like yours – which is essential when determining what price your home should sell at; as well as pinpointing perfect timing so you don’t have any buyers waiting on pins and needles before they make their offer!
What is capital gains tax on commercial property?
When you dispose of your investment, be aware that the Capital Gains Tax may apply. You will encounter this tax when disposing any commercial property such as buildings or land and even if it’s a business premises like shops, offices, or warehouses. The private individuals have to pay CGT at 20% for all kinds of properties while business owners must pay CGTR 28%.
What costs are involved in selling a commercial property?
Some commercial property agents can charge you a fee which is usually calculated as a percentage of the final selling price. A survey conducted by Which found that in 2021, an average agent charged 1.42% on the total sale value including VAT at 20%. The fees will vary between 0-3.5%, depending on specific factors like location and market conditions for example..
When should you sell commercial property?
You want to sell your property when there are no near-term lease expirations. Not only will you be able to make a smoother transition for the buyer, but it also means less uncertainty and more money in your pocket! But before doing so, don’t forget that any tenant improvements or leasing commissions needed for a new tenant may come out of YOUR pockets if you have existing leases with tenants set to expire soon.