The Current Outlook For Commercial Property Sales In Devon
The Current Outlook For Commercial Property Sales In Devon February
17
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Shop , 2014 | Author: Ania Stan | Posted in Business
Commercial property sales in Devon are starting to look promising as we go
into 2014, meaning that we may finally be see the most positive outlook going
into a new year since the recession. Devon and indeed the South West has a lot
to offer commercial businesses in terms of diversity and cost. The care sector
in particular has always been resilient in the area and has shown the most
robustness for both corporate and private operators when compared with the rest
of the UK. The greatest advantage the South West has is that it is cheaper than
London and the South East which is enticing commercial businesses to the area.
Add to that the lower staff costs, there is even greater incentive to look at
commercial property sales in Devon.
Investment And Development Increases In The South West
Investment and development is already being seen in Bristol and is predicted
to continue increasing along the prime business locations of the main access
motorway routes to the South West. This will bring increased demand down to
Exeter and beyond.
A long period of decline and stagnation in investment and lending occurred
when the recession hit, having the most profound effect on A1, A2 and B1
commercial properties. Lack of finance and low demand meant little
development
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Shop , but there is much to look forward to for business and property
owners as commercial property sales in Devon will see a boost resulting from the
increased lending to small and medium businesses.
Rental Market Opportunities
A reduction in stock has been noted and some A class premises are being
converted to meet the demand for residential accommodation. However, interest in
refurbishing existing stock, largely from corporate operators, has created
opportunities. This in turn appears to be impacting upon the rental market where
price increases could occur as a result of the lack of stock. There are positive
opportunities for tenants though as now would be a good time to negotiate fixed
rate terms for the next three to five years, as deals are unlikely to be as
appealing in 12 to 16 months time.
Looking Forward For 2014
Now would also be a good time to purchase a freehold interest as prices are
likely to steadily increase with the growing confidence in the investment
market. With lending receiving a boost towards the last quarter of
2013
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Cheap , funding is more possible to make these purchases.
It is wise to get professional advice regarding commercial property sales in
Devon and it is recommended you speak to an expert commercial property agent
with specialist knowledge of various business sectors as well as knowledge and
experience of the specific locations in which you are interested.
For an example of a trusted independent commercial property agency with
expertise in commercial property sales in Devon, visit Charles Darrow’s website.
Their agents have specialist knowledge and experience of commercial property
sales in the South West.
There is some debate in the fitness industry about how to work the lower
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Now before we get to the
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#6 Stretch your lower back and hips. Inflexibility in the hips
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