Guide to renting commercial property in North England
Everything you need to know about renting commercial property in North England
The West Country might be better known for its rolling fields, endless varieties of cider and its stunning coastlines, but it’s also a buzzing business destination. From the media offices of Bristol to the spacious industrial units of Swindon to the leisure properties of Barnstaple, businesses of all varieties flourish in the West Country.
South East England is known for its beautiful green hills, vibrant coastal towns and educational institutions. It has the UK’s second largest regional economy following London and is quickly becoming one of the country’s leading areas in the technology industry, particularly around the M3 in Surrey, M4 corridor in Berkshire and its county town Reading.
Whether you're a shiny new commercial property investor or a seasoned pro, you want to do your due diligence before moving forward with an investment. Some of the questions you may have might be about the property's condition, its current cash flow and value, and the potential income.
Signing a lease on a new office is a major milestone. Perhaps you've found a space that you hope will be your company's home for many years. Or, you may be expanding into new cities and opening regional offices – either way, it's a cause for celebration. Michael Hershfield of WeWork explains the importance of understanding both the short and long-term expenses.
You’ve found the ideal office space – it’s in the perfect location, has ideal facilities and is exactly the right size for your business. Now, all you need to do is turn it from a blank canvas into a welcoming office. So, the office fit out process begins.
Getting the inside track on the planning process can help you turn undeveloped land into a high value investment. Investing in and developing land can be one of the riskiest yet most rewarding endeavours in the commercial property space. If you get it right, land is one of the most lucrative commodities to be in.
Every piece of land differs, and real-estate transactions will vary based on different locations, property uses and individual buyer and seller circumstances. Here’s a checklist of six really useful questions to ask a seller or land agent that will help paint a clear picture.
The professional appeal of having a London address outweighs the many constraints like high cost and lack of space associated with the city. In addition to the general things you need to consider before renting office space anywhere, there are a number of things to consider when renting an office in London specifically.
However exciting an office move is for your business, it can also be incredibly overwhelming and stressful.That’s why we’ve put together this simple ten-step guide on things to consider when moving office - so that you can kick back and relax while the difficult planning work is done for you.
Looking for a new office space is never easy. Deciding whether you need a bigger space, a furnished space, a serviced office or a traditional lease is always going to be a challenge. Luckily for you, we’ve listed the benefits of serviced offices and traditional leases to help you make up your mind.
If you’re looking to move office, the commercial lease jargon can feel overwhelming and confusing. For example, what on earth is the difference between a percentage lease and a triple net lease? However, it’s important that you have a good understanding of the different types of lease so you know exactly what you’re signing up for.
Securing your business a base of operations takes a lot of time and effort. Whether you are moving to a bigger space to facilitate growth or you are finally moving out of your home office, there is a long checklist to work through. So, after scouting out the right area, researching the local area and looking at what exactly you need from a commercial property, you are ready to start putting some offers on the table.
When most people think about investment property, they usually visualise commercial buildings or multi-unit rental properties – an investment that's already built. However, buying land can be an attractive investment, especially where there’s the possibility to develop property on the site or otherwise improve it to increase its value.
If you’re considering investing in commercial property, there are some key investment terms that you may come across, which are well worth being familiar with. Notable ones are ‘cap rate’, ‘cash flow’ and ‘cash-on-cash return’. These are analytics that investors use to calculate if a potential commercial property is worth investing in.
Silicon Roundabout, or as it’s more officially known, East London Tech City, is the government initiative that’s become Europe’s answer to Silicon Valley in California. The region is brimming with a diverse range of high-tech companies forming a concentrated technology cluster. There’s everything from small start-up businesses striving for innovation, to some of the biggest companies in the world.
Commercial real estate as an investment opportunity is an interesting proposition. However, before you embark on a property search, there are several things to think about – from the type of commercial building you want to invest in to whether you want to make the purchase solely as an investor, or as an owner-tenant. Other important considerations are location, condition of the property and flexibility for potential change of use.
As a region that has undergone – and is still undergoing – numerous regeneration projects, South London is often regarded as an ‘up and coming’ area. Here, property buyers can make a good return on their investment and benefit from the region’s rich history and diverse range of pubs, bars and restaurants. Nearby landmarks include the Imperial War Museum, Lambeth Palace, the O2 Arena, the Shard, the Tate Modern and Shakespeare’s Globe theatre.
North London is typically defined as the area from Finsbury and Clerkenwell, above the City, up to Greater London’s boundary with neighbouring Hertfordshire. It comprises districts like Barnet, Enfield, Haringey, Islington, Camden, Finsbury and Clerkenwell, but sometimes stretches further to the east to include Waltham Forest. Like many of London’s other areas, it’s quite loosely defined, but these boroughs are most commonly cited as the ‘North’.
Capital expenditure (Capex) and operational expenditure (Opex) both refer to money being paid out of your company. However, this happens in completely different ways. Capex relates to expenses your business incurs now in order to generate profit in the future – for example, investing in a new building, computers or vehicles to transport goods. Opex refers to the cost of the day-to-day running of your business – wages, utilities, rent, along with general and administrative expenses.