Sell My Parade | Take the Fast Route To Retail Property Sales
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Are you the owner of shopping parades, looking to sell them on? With the prospects of the retail property market looking downbeat, you would not be alone if you were wondering "should I sell my parade?" The negative sentiment for shops reflects wider worries about consumer spending - there is the upcoming VAT tax rise to 20%, badly placed to hit consumers during the New Year sales. Add to that, big cutbacks in spending by the government, which are certain to hit the pay packets of shoppers, and worries about inflation - and the rental income from your tenants looks like it will be hard pressed.
Their customers are going to be cutting back on their spending, especially if another bout of recession hits. And if the tenants of your shopping parade are seeing a drop in revenue, there's a good chance you'll be hit with more vacancies, and less rent coming in. If that picture is multiplied across the sector, investors in retailing are going to be thinking twice before sinking their cash into your offer to 'sell my parade'.
Another problem is that retail may be undergoing a generational shift, in the way shopping is done- the recession may have been the catalyst that changes the face of the high street permanently. During the first wave of retail woes, the likes of Woolworths, Birthdays, Bay Trading, Barrett's, Adams, Faith, Dolcis, JJB either disappeared from the high street, or cut back on the number of the shops they operate from.
When the growth does return properly to the economy, it now seems unlikely that the vacated premises will be quickly re-tenanted. Supermarkets have moved aggressively into the retail of non-food items, such as clothes, electrical items and household goods. And spending through the internet continues its runaway growth, again at the expense of the high street. So a structural surplus of retail property may be depressing retail prices and rents for years to come. Now indeed maybe the time to move fast to "sell my parade".
But with buyers likely to remain scarce for the foreseeable future, looking to sell my parades via commercial estate agents may not work well for you. They are also struggling with a lack of buyers for retail property like yours. So hopes you may have of being able to sell your parade quickly may be dashed.
That is unless you are prepared to think outside the box - and sell direct, instead of relying on an agent. And SellMyCommercialProperty are eager to be your direct buyer.
SellMyCommercialProperty are a long term investment company looking to put their considerable funds into the commercial property sector, including shopping parades. Our experienced team of professional valuers can make an initial assessment of your 'sell my parade' request, within 48 hours.
We can then fast track a sales agreement, and be in a position to pay a fair price to you, faster than you thought possible. All of this with no fees, or delays, as you would experience with agents. So if you're ready to move fast and 'sell my parades' now, call SellMyCommercialProperty today- we can quickly position you with monies available for your next investment.
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