StratfordHdrWhen it comes to real estate, location can speak legions. It’s one that can easily make or break someone’s winning streak. This is why one has to carefully assess which cities would fare better when we talk commercial property investment UK. And we don’t just mean areas that have high appreciation potential. Location also refers to foot traffic, convenience, as well as proximity to transportation hubs and key establishments to name a few.

That said, we decided to do the work and look into the United Kingdom’s various places and create a list of the most promising ones that are worth considering. Check them out below and see for yourself.

  1. Stratford-upon-Avon

This medieval market town in England’s West Midlands is most famous for being the birthplace of one of literature’s most iconic and prominent figures: William Shakespeare. It is for this reason and the fact that it breathes history in a modern age is what brings in around 2.5 million visitors a year. Additionally, the town has a steady residential area and employment rate which attracts more investors and businesses into the city.

  1. Warwick

The town lies upon the River Avon, just 18 km south of Coventry. Its strategic location makes for its charm when it comes to commercial property investment UK. With its proximity to both the north-south and the east-west motorway routes, it spells convenience and reach. It’s therefore no surprise that a lot of businesses have set up their headquarters in the area. To name a few there’s the National Grid plc, Phillips 66 and their petrol station group JET, Bravissimo, IBM, Volvo Group UK, Bridgestone, Calor, Kantar and Delphi Automotive.

  1. Berkshire

Or simply Berks to some, is a county in south east England, west of London. Its districts include West Berkshirem, Reading, Wokingham, Bracknell Forest, Windsor and Maidenhead, and Slough. Commercial property investment UK in this area is beyond promising given the high level of business start-up rates as well as the presence of some of the largest tech employers in the market. Because of these, employment is at a good number which brings in more people and therefore establishments who wish to seek the available market.

  1. London

The United Kingdom’s capital is no doubt part of this list. Given its high employment rate, business sector, high foot traffic, strong population, and bustling tourism, a commercial property investment UK in this area is quite the catch!

commercial leaseLeasing a commercial property is not something new. In fact, it is a widely used practice among business entities and entrepreneurs. Although owning an asset adds to equity, it isn’t always the best option thus the demand for rental spaces.

But it is important for entrepreneurs to remember that commercial property leases come with limits. Because it isn’t under one’s name and ownership, there will be things that cannot be done or else face the risk of a breach in contract that might accelerate to a legal battle. Nobody wants that.

So to avoid the brouhaha and potential mess, read on the following do’s and don’ts to commercial property leases.

Do know your rights. Protect yourself and your business by knowing your rights. Read up the contract carefully and make sure to fully understand everything before signing it. If there are vague statements, always ask the landlord to clarify or rephrase it.

Don’t rent something that’s broken. It’s going to be costly on your part not only financially but also in terms of time. It can delay and put a halt to operations which will seriously hurt sales and profitability. Upon visit and inspection, keep an open eye and don’t be shy to test things out. You have the right to.

Do clarify the terms. For instance, does the rental payment include the utility bills? Who shoulders repairs and maintenance? It is crucial to talk this through to avoid the hassle later on.

Don’t nail on the wall. Of course unless otherwise allowed by the landlord. Most rentals won’t allow tenants to drill on the walls in which case command strips would be very useful.

Do keep a tab of all documents. This includes the contract of lease, modifications or updates to it, receipts and invoices to utility bills, repair and maintenance costs, one’s credit report and so on and so forth.

Don’t forget to document. Prior to moving in and before moving out, make sure to photograph every corner of the space. This should serve as your proof or security in case of unjust claims regarding damages.

Do pay on time. You wouldn’t want to be labeled as a bad tenant so make sure to keep your end of the bargain. If in the event that something really awful came about and a delay won’t be avoided, make sure to inform the commercial property landlord ahead of time. You’d have far more chances of getting on their good side than if you play mute.

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