Have you spent the last several months trying to gauge interest in your commercial property? And if so, have you noticed that interest is lacking? You could be up against the problem of retreating lenders. To be as blunt as possible, lenders are not as bullish on lending as they were a year ago. That’s making it harder for buyers to finance new property purchases.

You may have a fantastic commercial property with a lot of potential. But if prospective buyers cannot line up financing, it wouldn’t matter if you were selling the Palace itself. Buyers can’t buy without money. And with lenders in full retreat, money is harder to come by.

Perhaps a Better 2023

So what do you do? One option is to sit and wait to see what 2023 brings. Jeremy Hunt’s Autumn Statement may offer a glimmer of hope. For instance, Hunt has made it clear that the Government will go ahead with the planned business rates revaluation. He also stated that the Annual Investment Allowance will remain at £1 million.

All in all, the Annual Statement was a mixed bag for property investors. The news probably wasn’t good enough to warrant hanging around in hopes of a market rebound next year. Remember that the UK is basically in recession. And recessions take a lot of time to recover from.

Property Valuations Will Continue Falling

One thing about recession we know for certain is that it pulls property values down. We’ve already seen values fall quite a bit over the last 6 to 8 months. We have every reason to believe valuations will keep dropping for the foreseeable future. How far they fall and for how long it persists is anyone’s guess.

If you’re looking to unload any of the following types of commercial properties, now is the time to move:

• Warehouses
• Industrial space
• Office space
• Convenience stores
• Drive-thrus and takeaways
• Restaurants and pubs
• Electrical shops
• Carwashes
• Medical centres.

Really, any type of commercial property is likely to fetch a lower price the longer you hold onto it. It’s simple economics. Commercial properties are all about supply and demand. If no one is buying, prices fall. Your best bet is to sell as soon as you can, for as much as you can.

We Buy Commercial Properties

Most of what you’ve read so far has been bad news. Now for the good news: we buy commercial properties. Even as lenders retreat and property investors hold the line, your commercial property has value to us. Our goal is to help you maximize that value right now.

We are especially interested in the types of properties that did extremely well at the height of the COVID pandemic. Drive-thrus are the perfect example. From a business perspective, drive-thrus just work. They proved their value during the many months of pandemic restrictions. They don’t show any signs of slowing down, either.

If you own a drive-thru, you have a property that’s worth something. But maybe you can’t capitalize on its value because investors are having trouble securing loans. That’s not a problem for us. We have access to multiple financing streams. Not only that, but we also buy for ourselves. That gives us a decided edge.

The unfortunate truth is that the UK is in recession. As long as recession persists, the value of your commercial property remains in jeopardy. We are here to help you maximize its current value through a quick and easy sale. If you’ve been looking to sell but haven’t received any interest, maybe you’re just looking in the wrong place. Contact us and let’s see if we can change that.