“Commercial property” is the general and wide ranging term used to describe non-residential buildings and can include offices, shops, warehouses, factories, pubs, leisure centres, hotels, car showrooms, supermarkets, retail parks etc.
During the past twenty years our team have acquired a wide range of commercial investments throughout London and the UK ranging from small single shops through to large office buildings, warehouses, supermarkets and public houses.
For those investors not experienced in commercial property, probably the main difference is that commercial investments are generally acquired with a tenant already in place, whereas residential properties are more commonly bought with vacant possession, and a tenant is then found. In addition, commercial properties are usually let on “full repairing and insuring terms" (FR&I) which means the tenant is responsible for all costs associated with repair maintenance and insurance during the period of the tenancy. This is very different to residential property where the cost of maintenance, repair etc is usually the responsibility of the Landlord.
We would be delighted to help you with any matters relating to your existing portfolio or new investments so please contact Adam Lewczynski at adam@londonpropertyinvestments.com or on 00 44 (0) 7775 89 33 82.