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how to I invest in commercial property
Commercial property has always been an important asset class in the UK and worldwide. The Property Industry Alliance found that commercial property accounted for 13% of the value of all property in 2018, totalling some £883 billion, which is 10% of the UK’s net wealth. Commercial property ranges from mixed use retail units to offices,...
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The commercial property market in the UK remains of huge interest to investors of all kinds. Savills found that investment volume continued to climb against its 3-year rolling average in 2018, reaching £62.1bn. The commercial property market is extremely robust and shows some great signs of promise for the future. It is unsurprising that the...
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Do Industrial Buildings Need Planning Permission?
Planning permission is often viewed as an expensive, protracted and elongated rigmarole. The Planning Portal states that 8 weeks is the average completion time for most planning applications. This may be extended to 13 weeks in the case of larger or more complex projects. A planning application for the erection or alteration of industrial or...
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As conversation swells around a commercial property deal, it’s very easy to get lost in the ever-increasing details and paperwork. To avoid any issues and nasty surprises in the contract, a Heads of Terms document allows all relevant parties to work from the same page. The Heads of Terms is agreement-in-principle and are not strictly...
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Why Choose an Independent Surveyor?
Buildings are not always as straightforward as they seem – an independent survey is the only surefire way of obtaining an objective assessment of a building. Prior to the purchase or acquisition of property in the UK, you will need to consider a survey. Surveys are not the same as a valuation, so whilst you...
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Commercial and industrial buildings are often large and complex, and thus, there are many variables affecting their value. Variables relate primarily to the building itself, its location, condition, demand, use class (as per the Use Class Order), the local, regional, national and world economy, property market and the potential for development. There are also numerous...
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Permitted development rights (PDRs) are a statutory planning and development instrument in the UK that grant permissions for property development and extension without the need for planning permission. With PDRs, you are permitted to develop and alter a building without going through the planning system. This saves time and money spent on the famously bureaucratic...
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UK property law is amongst the most complex in the world. Amongst its many instruments is the ground lease. Ground leases are granted by the freeholder of land and buildings to a leaseholder, usually with a long lease. This is a semi-permanent arrangement as the lease typically lasts for 125 years or longer and will...
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Building surveys or structural surveys are a vital component of the UK commercial property trade and industry. Typically, comprehensive surveys are carried out for the sake of technical due diligence. In essence, property acquisitions in the UK are subject to caveat emptor, ‘let the buyer beware’. Whilst the seller is legally obliged to provide a...
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