The 1st April 2017 rating list assessments are based upon assumed “open market” rental valuations at 1st April 2015.
Anyone familiar with a commercial property lease will know rents and other payments are likely to be set out as payable on quarter days throughout the year I.e. 29 September, 25 December, 25 March and 24 June.
An Estate Agent will give a price they anticipate a buyer would pay for your property given current market conditions. This is not an exact science and therefore established local agents who know the market – are worth their weight in gold.
Things to consider when letting your commercial property, if this is not for you then our property management department would be delighted to help.
Things to consider when you are looking for your first commercial property.