Shop Rentals

Some Points To Consider When Searching For Shop Rentals

The price paid for shop rentals will vary considerably depending upon the location of the shop, the facilities available within the shop or near to the said shop and of course the size of the shop does matter .

It is possible to arrange a short term rental contract, even in a large shopping centre, especially in the current economic climate, but most landlords and estate agents will normally prefer a long term lease and the longer the lease terms the more likely you are to obtain a discount on the advertised price of the shop rental.

However an agreement of two or three years is the usual time scale for smaller premises. Larger premises will be looking for a five to ten year rental contract.

If your business plan involves a totally new interior and exterior then you will also want to arrange a longer contract, obviously there is no point in spending thousands of pounds to refurbish and make your shop look good if you will only be there for a couple of months.

On the other hand if you are looking at shop rentals that do not involve any changes in the present business use of the premises then you may be happy to agree to a short term rental contract.

Irrespective of this fact you will find that you will usually have to do some form of redecoration as most shop owners always have their own ideas on merchandising and displaying of goods to attract customer attention.

When renting you should consider the cost of display fittings, toilets,coffee making facilities, council commercial taxes, contextual costs asssociated with the premises as well as outside lighting and security precautions.

If you have always dreamed of running a small shop then now may be the perfect time to agree a low rent whilst establishing your business. There are plenty of niche markets that attract customers who are becoming more and more disillusioned with the big high street stores.

Smaller specialist shops seem to be gaining in popularity and certain kinds of businesses do not thrive on large retail premises eg hair dressing salons choosing instead to maintain some form of personal contact with the client?le but you will need to choose your location well and thoroughly consider your customer profile before making any decisions.

Shop rentals are usually easy to arrange as long as you have access to the necessary financial resources, your bank business loan manager may be able to help with this or you can approach other banks and lenders who deal will business accounts.

A qualified and experienced solicitor will be able to take care of all the legal paperwork whilst you concentrate upon drawing up plans, arranging contracts with suppliers and obtaining quotes from shop fitters and other contractors.

Before making any decision make sure that you have compared rents and facilities for similar properties in your area as shop rentals are often a difficult product to value. You may find there is room for negotiation if you understand the market properly.

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