Rural Commercial Property – What to look for?
Shepherd Commercial – Birmingham’s leading commercial property agent – delves into rural commercial property
To discover and learn more we need to look at what exactly rural commercial property is, and what fits into it’s category
What is a rural commercial property?
Rural commercial property is any premise located or operating within a rural area or industry – examples are farmland, village halls, and quarries.
Interpretation varies but typically, it can mean either a property located in a rural area or a property used for a rurally centred purpose e.g agriculture
How much is rural commercial property?
The price of rural commercial properties such as land varies. it depends on factors such as location, planning approval, size and quality meaning the price can start at £20,000 to £20 million pounds.
So, what to look for in rural commercial properties?
Firstly, you need align what rural commercial property you want, followed by which factors play directly to your overall goal of purchasing a rural commercial property.
Is it development land for sale you’re looking for? Is it a income producing agriculture project? or even a gold mine, but maybe not in the West Midlands.
Regardless, there is universal factors to assess before making a decision on purchasing or selling rural land. The first is an updated valuation.
Rural properties for sale or to let are a niche market within the commercial sector, therefore making it more susceptible to outdated valuations and low comparable data to rely on.
The second is the longer term outlook on the asset. Shops, offices and industrial units transact more often and performance can differ in shorter timeframes. Land for example, is a slower performer but still a worthwhile investment in the longer term.