A commercial service charge is a contribution from tenants within a multi-tenanted property, office or area to cover shared services and amenities such as cleaning, insurance and security.
A commercial service charge is a contribution from tenants within a multi-tenanted property, office or area to cover shared services and amenities such as cleaning, insurance and security.
Rents on commercial property are typically reviewed at open-market values. This means determining the fair rental value at the time of the review. Other rent reviews are usually at fixed percentages or linked to the RPI. The review type will be stated in the lease document.
196-200 Robin Hood Lane, has come to market for £1.1m for the investment of a triple retail unit let to Tesco Express on a term of 15 years.
The amount needed to invest in commercial property varies by property type and location.
A solicitor is not legally required to act on behalf of a landlord or tenant for a commercial lease. However, it is highly recommended due to the process being a legally binding contractual document.
152-154 Highfield Road in Hall Green has sold. The double fronted retail unit, along with two residential apartments, has sold above asking price in the popular neighbourhood of Hall Green.
48 Brook Street is now for sale through Shepherd Commercial
Unit 4, Kelsey Close, Attleborough Fields has come to market this week with Shepherd Commercial. A 6,100sqft warehouse unit with secure yard.
Commercial property can be a good or bad investment depending on factors such as price, location, condition and the general state of the economy.
Cotteridge retail unit, 9 Watford Road has come to market spanning over 1,200sqft