Leasing Commercial Property

Looking to expand, relocate or start a new business?  Finding suitable Commercial Property may be one of your first challenges.

Commercial Property includes: Office Accommodation; Retail Premises; Industrial Premises - factories and warehouses; Hotels, Tourism, Entertainment and Leisure Premises,  Development sites and others.

Benefits of Leasing Commercial Premises. Purchasing your commercial premises can be a long term investment but will tie up a significant proportion of the capital you need to operate your business.  As an alternative to purchasing a Commercial Property, many types Commercial Property are also available to rent or lease.

Because Leased Premises are not a Business Asset, all the Lease Costs or Rent are allowable business costs for tax purposes - reducing your tax bill.  Compare this with purchasing premises - maybe the interest you pay on a loan to purchase the premises would be tax deductible, but the repayment of the capital would not be.  If your purchased premises increase in value - you may even have a tax liability if you wish to sell them at some time in the future.

What do you want to use your premises for?  There are frequently restrictions on what you can and cannot do with your premises.  You cannot operate whatever type of business you want wherever you want.  You will need to check that the premises are suitable for your purposes before you compare rents.  Rental values of commercial property will vary dramatically according what use the premises may be put to.

What to look for?  If you are looking to lease commercial property, you should review a number of Real Estate Agents who specialize in Commercial Property in the location you are seeking.  Generally there are no benefits from restricting yourself to a single agent - however, if you are seeking a specific location, there may be a specialist agent who can present you with the most suitable commercial properties in that area.

You will need to be fairly flexible about location if you want to find commercial property to put to a specific purpose.  You may be lucky, but it is unlikely you will find your ideal property just where you want it to be!  You may need to broaden your search area or consider different types of site.

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