“A Vacant Commercial Unit Just Needs a Lower Rent”: Why That Isn’t Always True
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“A Vacant Commercial Unit Just Needs a Lower Rent”: Why That Isn’t Always True

Bycitrus admin

A commercial property has been empty for several months. There have been enquiries. Perhaps even some viewings. But nobody has taken it. The obvious reaction can be: “The rent must be too high.” Sometimes that is correct. Price matters. Commercial occupiers have budgets, and an asking rent that sits materially above the local market can…

Why Heads of Terms Matter More Than Many Commercial Tenants Realise
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Why Heads of Terms Matter More Than Many Commercial Tenants Realise

Bycitrus admin

A commercial tenant finds the right property. The rent works. The location works. The landlord accepts the offer. At that point, many occupiers understandably think the difficult part is over. It is not. One of the most important stages of the commercial property transaction usually comes next: Heads of Terms. Heads of Terms are often…

Why Old Mills Are Still Creating New Commercial Property Opportunities
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Why Old Mills Are Still Creating New Commercial Property Opportunities

Bycitrus admin

Across Greater Manchester and the wider North West, old mills remain one of the most distinctive parts of the commercial property landscape. For some investors, they can look like difficult buildings. They may be large. They may be old. They may require substantial maintenance. Their layouts can be unusual. Their energy performance may need improvement….

Why Rochdale, Oldham and North Manchester Continue to Matter for Industrial Property
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Why Rochdale, Oldham and North Manchester Continue to Matter for Industrial Property

Bycitrus admin

When people discuss Greater Manchester commercial property, some locations receive most of the headlines. Manchester city centre. Trafford Park. Major logistics developments along the motorway network. But a large part of Greater Manchester’s everyday industrial economy operates elsewhere. Rochdale. Oldham. Bury. North Manchester. These areas accommodate thousands of businesses that manufacture, repair, store, distribute, build…

How Robotics and Automation Are Changing What Businesses Need From Industrial Property
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How Robotics and Automation Are Changing What Businesses Need From Industrial Property

Bycitrus admin

The industrial property market has traditionally been driven by relatively straightforward requirements. Businesses needed enough floor space. A good loading door. Three-phase power. A yard. Parking. Reasonable access to the motorway network. All of those features still matter. But the way businesses use industrial buildings is changing. Automation, robotics, artificial intelligence and increasingly sophisticated warehouse-management…

Why Commercial Property Investors Should Check Asbestos Management Before Buying
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Why Commercial Property Investors Should Check Asbestos Management Before Buying

Bycitrus admin

Asbestos can be an invisible commercial property risk that becomes expensive when refurbishment begins When investors inspect commercial property, they usually focus on what is immediately visible. The roof condition, floor slab, yard, loading access, electrical supply and general state of repair all tend to receive attention. But in many older commercial buildings, one of…

Commercial Property Depreciates—Land Appreciates: Why Investors Should Understand the Difference
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Commercial Property Depreciates—Land Appreciates: Why Investors Should Understand the Difference

Bycitrus admin

Not every part of a commercial property gains value over time One of the biggest misconceptions in commercial property investment is that an entire property naturally becomes more valuable year after year. In reality, a commercial property is made up of two very different assets: Whilst land often appreciates over the long term because it…

Why Commercial Property Marketing Has Changed More in the Last Five Years Than the Previous Twenty
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Why Commercial Property Marketing Has Changed More in the Last Five Years Than the Previous Twenty

Bycitrus admin

A “To Let” board is no longer enough There was a time when marketing a commercial property meant erecting a board outside the premises, placing an advert in the local newspaper and waiting for the telephone to ring. Today’s market is very different. Businesses searching for commercial premises now expect instant access to detailed information,…

Why Vacant Commercial Properties Can Offer Some of the Best Investment Opportunities
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Why Vacant Commercial Properties Can Offer Some of the Best Investment Opportunities

Bycitrus admin

An empty building doesn’t always mean a poor investment When investors see a vacant commercial property, many immediately assume something must be wrong. Perhaps the location isn’t good enough. Maybe the building is obsolete. Or perhaps there simply isn’t any demand. In reality, vacant commercial property can often represent one of the strongest investment opportunities…

Why Lease Length Can Have a Bigger Impact Than Rent in Commercial Property
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Why Lease Length Can Have a Bigger Impact Than Rent in Commercial Property

Bycitrus admin

Looking beyond the headline rental figure When negotiating a commercial property transaction, much of the attention naturally focuses on the annual rent. While rent is undoubtedly important, experienced landlords, investors and business owners understand that the length of the lease can have an even greater impact on the overall value and success of a property….