Tag Archives: Uk investment properties

Commercial Property Auctions and How to Win One

Commercial property auctions are public sales that involve assets specifically designed and catered for business purposes. They are an accelerated marketing and competitive bidding process that requires participants to bid or propose with the property awarded to the person in the room with the highest offer.

Many sellers and brokers choose to sell in auctions for many reasons. For one, there are those who would want to immediately sell an asset. This is common among banks that have foreclosed properties and would want to liquidate them in as much as possible. There too are sellers who want to take advantage of the demand and competition in them especially during times when the market is slow.

  1. Know what you’re going up against. This will require you to do your homework. Research about the auction and the assets being offered in it. Prior to the event, a brochure, newsletter or catalogue will be sent across or made available for participants who make known of their intention to attend.
  2. Visit and survey the properties. Just because you’re bidding on it doesn’t mean you’re not entitled to visiting the asset ahead of time. You can and it is advisable that you do. It would even be best to get a chartered surveyor look into it. This way, you’ll be sure of the item you’re about to fight for.
  3. Be comfortable with auctions. No, we don’t mean wear your pajamas you silly. What we’re pointing at here is that you should be aware and knowledgeable enough about the processes, requirements and obligations attached to them. If you’re a first timer, it would be best to observe your way through your first auction.
  4. commercial-property-auction-ukStay incognito. Don’t reveal too much of yourself and your intentions otherwise they may be used against you. For instance, never be too giddy about a certain asset lest you want other bidders to take notice of the gem you discovered. The same is true for your spending limits. Sellers may opt to raise the bar higher and take advantage of your interest.
  5. Prepare your financing ahead of time. Just because you won the bid at commercial property auctions doesn’t mean that you get the last laugh. You’ll have to pay up an upfront cost and if your financing has not been prepared and made available beforehand, you can still lose to the next bidder in line.

Find out more on commercial property auctions on this page https://www.singerviellesales.com/case-studies/category/auction

Where to Find Commercial Properties for Sale

online-listingsWhat do you need a commercial space for? Simply put, these are assets used for business either as the product itself or as a tool in deriving products that make a profit. Examples of this would be shopping centers, store spaces, retail areas, industrial assets, offices and vacant lands among others. If you are looking for commercial properties for sale then you have to know where to look, lucky you because we’ve got a list of these places. Scroll down to see what these are!

  • Newspaper Listings

By far the most traditional source in this list, newspaper listings are one way to achieve this feat. The classified ads section are not only cheap on the part of the sellers, they too come on a daily basis creating more exposure.

  • Online Listings

With the charm of the digital world, commercial property listings are also available online. A few keywords on your search bar will garner you an endless list of sites and places to see. Just see to it that the websites you look at are trusted and scam-free. Check with the Better Business Bureau’s site to validate.

  • Advertisement Posters and Banners

There are also posters and banners around from your local library’s corkboard of announcements to an ad plastered on a wall. These are also an affordable alternative and are often directed to the community or local market.

  • Signage and Notices

The first thing that any commercial property seller would do to announce that an asset is up for grabs would be through signage and notices posted on the property’s windows or doors. Outside, there can even be a huge sign that screams “This property is for sale.”

  • Real Estate Agents

Of course, you can always hire an agent to do the work for you. With their expertise and wide range of connections, networks and sources, they can surely be of help especially if you don’t have the time to do everything on your own or if you are just more confident having an expert around.

  • People You Know

Lastly, ask people you know. It can be a neighbor, a friend, a colleague or whatever. You never know if they know of a place being sold that suits your needs.

Of course, it is advisable that you go with a combination of these sources. Not all sellers and owners put up ads in all of them, some do with combinations too while others can only afford one. Good luck in finding those commercial properties for sale!

UK Investment Property Checklist

UK investment propertyWhen making a UK investment property, it is wise to take things with a great deal of caution. Rushing into decisions will do no good especially for something as massive as buying real estate.

The United Kingdom is considered to be one of the world’s biggest economies with London as its capital which houses one of the largest financial centers in the world. Furthermore, it is a tourist magnet making it a huge market for business, employment and residency. It wouldn’t come as a surprise if more and more would want to invest properties in it.

When aspiring to make a UK investment property, buyers need to make sure that they have the following things in check.

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Checklist Item #1: Market Understanding – The UK property market works differently from assets in other countries. Moreover, properties from varying cities and towns will differ as well. Factors like supply and demand must be considered and understood to better make decisions in choosing an investment.

Checklist Item #2: Real Estate Knowledge – Moreover, one has to have at least basic knowledge when it comes to real estate or if not have someone who does. Not everyone is skilled enough to take a look and scrutinize properties and assess of their worthiness or lack thereof.

Checklist Item #3: Needs Realization – It is important to know of one’s needs well. There are many properties in the UK, each with their own features and strong and weak points. Be sure to define the purpose of the acquisition to better align one’s needs to the decisions made. With a huge selection available, it’s fairly easy to feel overwhelmed and lost.

Checklist Item #4: Financial Resources – Of course, it would be impossible to make an investment without the resources to do so. Because real estate, regardless of type, is significantly valued, it would take quite an amount to be able to buy one. This makes it crucial to prepare for, plan and make available the needed financial resources beforehand. Keep in mind that these investments have initial and post-acquisition costs too.

Checklist Item #5: Professional Aid – When making a UK investment property, one will have to call for the expertise of certain professionals. For example, there’s the real estate agent to aid in the search for the property, a lawyer or solicitor for all legal matters and a chartered surveyor to inspect and assess the asset before a sale is concluded.

Make Your Retail Property for Sale Go Fast

retail-propertyAdmit it. We all want to make sales go by fast. Who wants dormant inventory anyway? The same is true even for a retail property for sale. The faster you finish, the quicker the returns enter. How do you achieve it then? Find out and see.

Tip No. 1: Prep up your property. – Inspect it from the inside out and do the necessary repairs and some upgrades if you must. It would even be great if you could call in an expert to help you determine which improvements would be valuable and would give you great returns. Also, a fresh coat of white or beige will really be great to liven and freshen up the look.

Tip No. 2: Don’t forget the curb appeal. – The façade, front lawn and curb of the asset are the first things that any buyer will see. This makes it important for sellers to clean them up too and where needed perform repair procedures. Mow and weed out the lawn too.

Tip No. 3: Study your market. – Cater to the buyer’s wants and needs. In order for you to be able to do that, you need to have a firm grasp of your market. Who are likely to buy your retail property for sale? What do they need it for? How can you reach them?

Tip No. 4: Choose effective advertising. – You need to spread the word otherwise you won’t see results. In other words, you have to communicate the availability of the asset and to do that you need to advertise. Putting up advertisements come with costs too so you have to study your options well and pick those that suit your target market and audience. Also, take advantage of free advertising like word of mouth.

Tip No. 5: Price it right from the onset. – Buyers hate it when an asset is overpriced and way off its actual market value. Get an expert o value your property so you can come up with a reasonable and still profitable amount.

Tip No. 6: Make it easy for buyers to visit. – This brings us back to our first two tips. Potential buyers of a retail property for sale will always want to take a look at it for themselves so you have to do your part and make it as hassle free and smooth for them. Coordinate and schedule their visits and be sure to prep up the space for them too.

How to Put a Commercial Investment Property for Sale

retail propertyIf you are a landlord, an investor or a company who wishes to put a commercial investment property for sale, here are some tips from singerviellesales.com on how to do just about that! Now grab your pen and paper. Take down notes and let’s get started!

  • Prep up your property.

You can never leave the space looking dull, dirty and deranged. You have to make the necessary repairs. Clean up the front lawn as much as the building. Change up broken windows, fixtures and lighting as needed. Add a fresh coat of paint, preferably white or beige, should the old one be peeling off or if the wallpaper has gotten bad. Even if the space is quite barren and you’d only see walls upon floors, cleanliness is crucial because no buyer will want to purchase something that doesn’t look functional.

  • Have it examined and valued.

Hire a chartered building and property surveyor to assess the asset. Have them determine its remaining useful life, current market value, salvage value if any, structural condition and all other relevant information that prospect buyers are likely going to inquire about. Plus, all of these should help you in determining the asking price on the commercial asset.

  • Determine your target market.

Who are likely to want to buy the property? Different types of asset depending on their combined features are likely to attract or interest a certain group or groups of investors. It is your job to find out who these might be and get to know them. You must have knowledge about the likes, preferences and profile of your market to better target your property towards them and negotiate a sale.

  • Choose your marketing strategy.

You have to market and advertise your commercial investment property for sale. If you don’t then there are fewer chances for buyers to know about it. No matter how great it is or how attractive your asking price is, if people do not know that it is for sale then they won’t be knocking on your doorstep to buy it.

  • Schedule property visits.

When prospect buyers come forward, be sure to give them a little tour to the property. This is why the first item on this list is very important. Now read that again.

  • Fix the papers.

Lastly, be sure to fix all documentary and legal requirements necessary to validate a commercial investment property for sale like titles, contracts and the like.