Do you want to be able to keep an eye on the building or will you appoint a Managing Agent?
Retail, office, industrial, leisure – budget may dictate this or maybe the return will?
What yield are you looking for – as low as 5% for a national tenant on a 15 year lease or an independent retailer in a small tertiary shop 10%+ on a short term 3 year lease?
Do you want steady, low risk income, then you need a strong covenant as the tenant. Are you happy to asset manage by surrendering a commercial lease where upper parts are not in use and you then convert this to residential?
Whilst we may be viewed as biased we feel commercial property returns are well above interest earnt on money in the bank and are an investment well worth making.
Dilapidations are designed to show both Landlord & Tenant what work is required to put a building back into a reasonable condition. Goadsby offer advice to either of the parties involved, both landlord and tenant.
The Royal Institution of Chartered Surveyors consider it prudent to re-assess the sum insured of a commercial building every three years or whenever significant alterations and/or extensions are made to the building
Careful consideration is required when calculating the size of offices that you require, as it is important to avoid expensive relocations. Too much space and you could have unnecessary overheads and too little, could