Current market supply is a key indicator to factor into your underwriting when assessing if a site is viable for development or conversion. However, it's not the only indicator you should use to decide whether to enter the market. Sometimes supply doesn't tell the full story,
“Have you got other commercial properties already?”, “So what's your background?”, these questions from agents are to be expected during viewings for commercial properties and your answers to help paint a picture of whether you're someone who executes or is a tyre-kicker. Commercial property is
Commercial property transactions are often negotiations around uncertainty rather than just buildings that need to be sold. Identifying the owners motivations early on and coming up with a solution that reduces friction is what creates deals that complete. I was at a commercial property conference last year and I approached
Most deals don't fail on price, they fail on underestimated capex. Estimating this correctly early in the process, before commissioning surveys (and blowing £3k-£10k in the process!) is critical to ensuring your returns are projected correctly and that the numbers actually work. Accuracy here is not the
There's the old saying, “it's not where you are, it's who you're with”, for commercial property both points apply: “it's where you are and who you're with”. Many buyers focus on the size of the unit, price, location,
One of the first things I notice when walking around warehouses for the first time (apart from how homely they feel) is the layout of supporting columns and how they impact fit-outs. Those “minor” columns supporting the roof or upper floors can have a material impact on lettable area