The benefits of a commercial property advisor
Nearly every business uses some sort of commercial premises. It is often an extremely important decision for a business that can sometimes be left until the last minute and result in unnecessary ongoing cost or even, in more extreme circumstances, be the death-nail for a business. Taking legal and financial advice often comes naturally to business people but they often forget perhaps the most important professional advisor in a property transaction, the commercial property consultant or chartered surveyor. Letting or buying commercial property can be much more complex than a domestic house purchase and can lead to some serious liabilities yet still many companies still try and do without the necessary professional advice.
There are numerous times when a commercial property advisor can help reduce your costs, save you time and help your business suceed. If you are looking to relocate, such professionals can undertake searches on your behalf, advise on availability and help negotiate the most favourable terms for either a freehold purchase or a new lease. For existing occupiers they can help with rent reviews, rating assessments and even, in these difficult economic times, seek to renegotiate more favourable and flexible lease terms on your behalf. Landlords are particularly keen to keep existing tenants and will often offer incentives such as rent free periods or stepped rents to retain tenants. If existing or potential tenants are not properly advised they can miss out on the benefit that these cost savings can bring to any business.
Many business are also not aware of the value of the asset they own or occupy. Even in todays economic climate developers will pay high prices for the right property in the right location. If you think you would benefit from a property check do give us a call. We could prove to be your most important professional advisor!