What Is their Role?
Commercial Property Agencies provide a number of specialty services geared toward commercial property buyers, sellers, landlords, tenants, developers and investors. The scope of services is critical to the successful commercial property investment and a good buying or selling or leasing experience.
Typically, commercial property specialists handle transactions involving these properties;
- Office buildings and space
- Licensed and leisure properties
- Healthcare buildings and space
- Parks and leisure facilities
- Industrial and logistics facilities
- Retail buildings ad space
- Residential developments
- Automotive and roadside service stations
- Commercial construction projects
If a client has a commercial property need for an existing or startup enterprise, commercial property agencies can provide valuable advice.
Many British commercial property specialists work within the UK and internationally to assist companies with their property needs. One aspect of the building surveying service is a technical due diligence report. Ensuring compliance with local ordinances is another important service in this category.
Typically, the commercial agency can audit historical valuations, often reclaiming overpaid fees and manage business rate accounts. If rates are high, the agency can challenge the current valuation and state the owner’s case.
Commercial Lease Services
These services typically include rent reviews, negotiations of new and renewed lease agreements. Leases can be negotiated locally, nationally or internationally. Commercial agencies maintain client lists of international investors and tenants seeking space in the UK.
For companies seeking strategic and competitive destinations, commercial property agencies are qualified to offer advice and in many cases help negotiate terms for the new destination. These recommendations are not confined to the UK.
Commercial brokers offer sales advice, handle the sale and listing of development sites and help with negotiations in localities. These services are available to both public and private sector investors. Every development has its own challenges but experienced commercial agents can overcome obstacles that can seem insurmountable to laymen. Development services usually include planning, viability studies and master planning in addition to representation.
Commercial property agencies are aware of all property for sale in their territory. They understand property values and the factors the local community offers. These agents can explain the investment strategy for subject properties and provide valuable insight into market conditions.
Investment Property Management
Commercial brokerages are qualified to manage all aspects of commercial property investment. This can include arranging and overseeing contracting services, collecting rents, managing the books and ensuring compliance with all lease terms.
Who better to talk with than a commercial property agent if you or your company is planning an expansion or a downsize. Whatever your move, your commercial premises will be a major consideration. The proper professional planning can help reduce the risk and the stress of these developments.
Commercial agencies also provide project management services for new construction. This includes tracking and budgeting and supervisory services for all contractors.
Sustainability and energy are on every commercial property owner’s mind. Commercial property brokers can explain the tax benefits of conversions and the value of adding green technology to commercial property. Advice will also include estimates of return on investment.
Investors, buyers and businesses on the move can rely upon commercial property agents to do diligent research and due diligence on all considered properties. In most cases, this research has been performed before the client views the property.
Valuation and Advisory Services
The best way to find out what a commercial property is worth is to ask an established commercial property agent with experience of the market conditions.
For more information about the commercial property services that we offer at Marriotts, call us today:
Oxford – 01865 316311
Bicester – 01869 360463
Alternatively, you can contact us online here.