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So I'm looking at a potential commercial unit investment (Class A1 - Shops) which is currently vacant and in need of a facelift (ceiling & wall plastering, re-flooring, wiring etc). I'm keen to know what the 'minimum standard' is for refurbing commercial units of this sort before bringing them to market? E.g. is it similar to residential: flooring, walls, plumbing, electrics, etc all done- or is there more that would be expected from a potential commercial tenant (e.g. outside shutters, alarm systems, aisles, counters, etc)? Any knowledge resources/articles would be most welcome!
Hi there Looking for some advice from anyone with knowledge/experience in investing in commercial property, please? As a bit of background info on me, I own a small business and have been buying residential houses to "do-up" and sell on for the past couple of years now (in Scotland). I also personally own a residential property that I let out. The opportunity has arisen to possibly buy a commercial property with a view to letting it out for the long-term to generate some income and take advantage of any capital growth. However, I have absolutely no knowledge of or experience in th