Four Tips to Consider When Buying a Commercial Property

Posted on 22 January, 2013 by MOVEHUT

Are you looking for a retail unit, warehouse or office to buy in the UK? You may have already found the ideal commercial property for your business, but do you know what to expect when you go through the buying stage? Movehut have compiled four tips to help you on your way.

Draw up a plan including your budget

  1. Know the area

It is best to choose a property in an area that you know. By doing this you will have a better understanding of transport links, business connections and local resources. Even if you are purchasing an office block and not a retail property, you may still have clients coming to your office for meetings, so it is best to know the area, so you can direct them.

  1. Simplicity is key

If this is your first purchase of a commercial property, you want to keep it as simple as possible. Don’t go above your budget and choose a property that doesn’t require much maintenance or need any major refurbishments. Don’t buy a building that is too big for your workforce. If you do need to expand, you can always look at moving in the future.

  1. Have a strategy

Buyers have a lot of power when it comes to purchasing commercial properties, but that doesn’t mean that you should go in there recklessly. Draw up a plan including your criteria for a property, price range, timescale and realistic goals, and stick to it.

  1. Keep an eye out for opportunities

Even if you think you have found the ideal property for your business, keep an eye out for other opportunities that may arise. Until the deal is actually signed you have the option to pursue other commercial properties.

We hope you found these tips useful and good luck in your commercial purchase.




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants