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Showing results for tags 'commercial unit'.
A small office lease in the West Midlands that I'm considering is £6500 per annum / £10 sq/ft. What price do you think is reasonable to offer in light of covid and presumably lower demand? My conditions would likely be a 12 month initial term with a 6 month break clause, though I would be happy to sign for 24 months. I appreciate that this is a niche question, I don't know that much about commercial property leases as I'm principally involved in residential. Many thanks. James.
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!