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Commercial Industrial Property

Commercial Industrial Property – The Rental Price May Be Negotiable

The availability of commercial industrial property varies across the country and will depend upon the demand for commercial property in certain locations, the facilities available in the property and services provided with the property or by the property.

Some large premises with planning permission for light industrial use have been adapted for smaller business use and these properties have seen an increase in demand from a new band of entrepreneurs and start up businesses.

Prices have also been falling as landlords try to attract new business and accept that they will not be able to demand the same prices that were expected before the credit crunch. If you are looking for commercial industrial property to let then the newly re-launched Lettings Mall may well have affordable spaces that will be perfect for your needs. The site has lettings from both agents and private landlords – giving a wider choice and, importantly, the ability to compare prices and service charges on line.

You can input your specific search criteria and sign up for email notices and text alerts that fit your search, bear in mind that by specifying a wider selection, you will have the opportunity to preview photos, videos and descriptions whilst considering any adaptations or negotiations and possibly uncover potentially ideal properties in areas and locations of your choice or of a size that you had not previously thought possible.

Bearing in mind that the property market is waiting to assess the affect that the new austerity measures (put in place by the coalition government) will have upon property prices and business investment and outlooks, you may want to consider approaching the landlord or estate agent with an offer that is below the advertised rate or negotiate building alterations and extra facilities.

You will need to appoint an experienced solicitor to represent you when drawing up any contracts, the biggest concern from your own point of view may be the location of the commercial property and the amount of space available in the property but do remember that contractual terms do have implications which are best interpreted to you by your legal representative.

Your legal representative will concentrate upon the details of the agreement and ensure that you understand exactly what you are liable for and explain any terms and conditions that you should consider during the leasing signing process.

These checks and thorough examinations of the small print will identify any potential problems and ensure that your business falls into the approved usage regulations that may be imposed by the local planning department or council.

Commercial industrial property is often located in areas that have been designated specifically for that purpose but other premises can be located in residential areas with strict restrictions imposed by the local governing council which may affect your business trading effectively or implying you may need to change some of your earlier plans for the business.

All of these factors will affect the suitability of the premises for your uses and these are the specific factors which you can use to negotiate the terms of your agreement and the price of the lease with the Landlord or Estate Agent.

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