» 2020 » September

Who buys commercial property, I want to sell my shop, sell my property fast

These are just some of the words commercial property owners are using when they have decided they need to sell and start looking for companies like Sell My Commercial Property to help them out.  We have seen a flood of enquiries over the past few weeks as property owners start to realize how severe things […]

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High Street retail parades

We at Sell My Commercial Property are very interested in buying high street retail parades of shops.  Furthermore, if the shops have upper parts, which have not been sold off on long leases, then we will be even more interested.  If you own a retail parade, which comprises as little as 2-3 shops or as […]

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I want to sell my shop

We at Sell My Commercial Property are getting dozens of enquiries every day from property owners who want to sell their shops and other commercial properties.  Many have tenants whose businesses have suffered so badly they can no longer afford to pay their landlords rent.  Although leases provide a legal framework concerning certain things tenants […]

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Pizza Hut to close 29 restaurants

Pizza Hut have just announced that it will close 29 of its 244 restaurants across the UK.  This is a further blow to the commercial property market, the high street, the restaurant sector and to those landlords who will now be left with a vacant property.

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Rent collection update

Only 68% of commercial property rents in the UK were collected in the June 2020 quarter.  The September 2020 quarter is rapidly approaching and it will be interesting to see whether this figure will be higher or lower.  The announcement yesterday by the Prime Minister that people should work from home and restaurants and leisure […]

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Whitbread could slash 6,000 jobs

Whitbread, owner of Premier Inn hotels, has warned it could axe 6,000 jobs as the pandemic continues to hit demand for hotel stays.  This will have a knock-on affect for commercial property landlords as Premier Inns’ covenant is getting weaker, they may look to close several hotels, pull back on their expansion, walk away from […]

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MOD Pizza UK in administration

The company behind the 9 strong pizza business has been placed into administration as a result of falling sales. Campbell Crossley & Davis is handling the administration process. Dunstone, the backer of Five Guys UK, had taken full control of MOD Pizza in the UK.  This is another casualty brought about by COVID-19 and another […]

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Ban on business evictions extended to the end of 2020

Unpaid rent bills from commercial property tenants has mainly come from the retail and hospitality sectors.  Many tenants, who have had their rent deferred by their landlords, fear they will not be able to pay the deferred rent when the moratorium ends.  Some landlords say many tenants can pay but are choosing not to and […]

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Coronavirus devastates the high street and commercial property market

The high street, retail sector and commercial property market has been decimated by COVID-19.  Lloyds Bank has cut 865 jobs, Pizza Hut will close 67 restaurants resulting in the loss of 1,100 jobs, Heathrow is set to axe 1,200 jobs, Pret a Manger is to axe 1/3 of its workforce, John Lewis is to shed […]

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Coronavirus impacts on commercial property

Coronavirus has recently wiped out 700,000 payroll jobs in the UK as the unemployment rate has spiked to 4.1% with 2.7 million on benefits.  This has had a knock-on affect on all types of commercial property, especially retail and offices.

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