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

Owners with long standing vacant offices are eagerly awaiting the permitted development changes that may allow the conversion to residential units which will help with the high number of vacant offices currentlOwners with long standing vacant offices are eagerly awaiting the permitted development changes that may allow the conversion to residential units which will help with the high number of vacant offices currently available in the area. It is, however, becoming hard to find suitable properties at reasonable prices for commercial tenants looking for prestigious offices, as developers are struggling to obtain funding at sensible levels, coupled with the need to have a considerably higher rental return than on the second hand market.  

The commercial market is thriving in the investment sector though, with many attractive investments to purchase for investors with access to funds, with yields commonly being between 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 or suffering from crippling empty property business rates.

Within the range of departments at Robinson and Hall, our valuation department is very busy undertaking commercial property valuations for either owner occupiers looking to purchase properties or investors looking to refinance for restructuring portfolios.

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. We als

Posted by The Editor (wantspacegotspace) on 10th May 2013 (updated 16/05/2013)

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