Commercial Estate - How to Take Advantage of the Turning Tide
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The commercial estate sector of the property market has participated fully in the speculative bubble, and subsequent crash seen in connection with the credit crisis of the last 2-3 years. Now, with the commercial property market having had a year of sluggish growth, what are the prospects for those looking to cash in recent gains and sell their commercial estates?
Commercial estates are, by definition, at the top end of the scale in terms of size and complexity- whether they are tenanted office space, multiple unit business parks, out of town retail parks or multi-occupied industrial parks.
Because of this, commercial estates have always tended to be prone to larger fluctuations in supply and demand than the wider commercial property market - they have greater capital requirements for initiating the development of the commercial estate, and so are prone to a greater sensitivity to swings in investor sentiment- both on the upside and on the down side.
So where is the market for commercial estates heading? Here are just a few straws in the wind that seems to blowing bear-wise again:
"A regional office portfolio bought in the boom has been put up for sale by LPA receivers. The multi-let portfolio is being marketed for £40m, 50% lower than the total paid for the assets in 2007. The banks new owner, Lloyds, called in receivers three months ago" (Estates Gazette, 3 July 2010).
"More than £200m of retail park sales have stalled over the past month as increases in capital values continue to soften" (Estates Gazette, 19 June 2010).
It would seem that the next direction in the commercial estate cycle is firmly downwards. So where will you be turning if the moment seems appropriate for you to put your commercial estate onto the market?
The first port of call for those with commercial estates to sell is the commercial estate agent. The assumption is that they may be able to leverage their local market expertise to get you a good deal. But are they as well connected knowledgeable and as competent intermediaries as they would like you to believe?
The experience of many , in terms of the delays, the missed opportunities and the high fees that commercial estate agents can leave in their wake, may make you want to consider other options.
One such option that may be appealing in today's market, where buyers may be thin on the ground, and speed of execution critical, is to cut out the middle men, with their fees and the hassle. Let SellMyCommercialProperty offer to buy your commercial estate from you direct.
SellMyCommercialProperty are an investment company with immediate access to substantial funds, with no need for recourse to scarce credit. We are looking to place those funds into the commercial estate market. A sales agreement can be arranged expeditiously, at a fair market value, and with no agency fees or commission.
We could have an initial assessment and valuation completed within 48 hours, so the sale of your commercial estate can be bought to fruition sooner than you might think possible. So get in touch with SellMyCommercialProperty today, and let us show you how you can be on the right side of the market before it turns.
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