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Simon Patrick, Partner and Head of Commercial Property at Robinson and Hall comments on the Ipswich market…

wantspacegotspace.co.uk - Simon Patrick, Partner and Head of Commercial Property at Robinson and Hall comments on the Ipswich market…The market for offices is very quiet due to the high number of vacant offices available in the area. New commercial developments are very hard to find as developers are struggling to obtain funding at sensible levels, coupled with not wishing to start works until a tenant or purchaser is secured at levels that do not compromise their profit margins.

On the flip side though, there are many attractive investments to purchase in the area for investors with access to funds, although at slightly higher yields of 8% to 10%. We are seeing lots of interest from investors for multiple retail and industrial units. There are also attractive properties to purchase for owner occupiers with access to funds, from landlords who may be struggling to secure suitable tenants. In fact, we have recently purchased an office for an owner occupier client from a landlord that has been trying to let the property for the past year!

Within the range of departments at Robinson and Hall when leases come to an end our dilapidations team are on hand straight away to ensure the properties are returned to the landlord in accordance with the lease terms and we can start marketing the properties again to avoid void periods.

Robinson & Hall’s commercial property department specialises in rental and sale, landlord and tenant advice, rent reviews, lease renewals, valuations, business rates appeals and dilapidations. There is also a residential sales, lettings, auction, planning and development, architecture & building surveying and renewable energy departments so we can cater for many property needs.

Posted by The Editor (wantspacegotspace) on 8th March 2013

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