Commercial Property Buyers
When you’re looking to sell commercial property, it is common to see commercial land, property, or Industrial property properties listed for sale online for months, if not years.
Your first port of call maybe using a paid for or free commercial property portal such as EGI Property Group, Dalton’s, Businessforsale.com, Rightbiz.co.uk, and etc. There are pros and cons of using such portals and we will be writing a comprehensive review of these later thid year. After exhausting the online portals or just a zero response, there are ‘Business or Commercial Agents’, as with any profession there are good and bad and you really need to do your research.
How Long It Takes To Sell
It’s a simple fact that the demand for commercial property is less than that of residential. Firstly, commercial properties are bought by owner/occupiers as are residential, but the big difference is the residential properties are easier to finance than commercial. Secondly, there are more residential investors than there are commercial buyers. Thirdly, the financial risk is greater in commercial than commercial.
The commercial sales cycle is similar residential, the property has to be first listed, existing clients are informed and then left on the portals for a buyer to come along. In either case, when a buyer does make an offer, invariably they have to go to a lender to borrow money and we all know what entails.
What Types of Commercial Property We Buy
We come across all forms of commercial buildings; hotels, pubs, shops and other commercial buildings where things have just simply not worked out or not needed. Recently we have seen a business whose supplier folded leaving them in the preverbial and ran into a mortgage issues with their lenders; a bakery that folder due to Covid 19; Cashflow forcing a Salon out of business…The list is endless
Commercial Properties Purchased
|Leisure||hotels, public houses, restaurants, cafes, sports facilities|
|Retail||retail stores and off licence shops|
|Office||office buildings, serviced offices|
|Industrial||industrial property, 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. More recently we have attracted smaller cash investors who are looking for Sell and Lease Back Deals, as the return on the investment is greater than that of residential property. If we think we your property is investable an offer will be made. On acccepting our offer we will instruct solictors and if you choose a solictor from our panel of solicitors we will pay all fees and adminstration costs. We typically exchange with weeks, in some cases days, and agree a completion date. Its as simple as that. Obviously we go throught the normal due diligence – but we try and make selling your property a ‘breeze’.
We will consider any value upto £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.
2021 Commercial Property Update
The UK commercial property market has been hit very hard by the pandemic and Brexit and one can see the decimation that it has caused to our high streets, pubs, hotels, restaurants, salons, factories, just about every business that you can think of.
However, there is a strange caveat to it all…there are cash rich investors out there looking for commercial property, whilst we try and buy as much as we can, we can’t buy everything. Any buyer we deal is vetted and demonstrate their ability to buy, usually through our brokers who carry out the financial due dilligence.
Aemand 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 are back in their droves.
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.