Commercial Property: Offices

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Commercial Property: Offices

Making the decision to buy rather than rent office space and then finding the right premises for the business may actually prove to be more difficult than finding a commercial mortgage with which to buy it.

Much of the UK’s well located office space is available on a leasehold basis and for many smaller businesses and new companies starting out, leasing certainly makes sense initially. Many offices are also available as serviced or managed with furniture, equipment, telephone lines and infrastructure already in place and leases can often easily be arranged for any length of time. This kind of arrangement can be ideal for many businesses. Virtual offices can also be the answer for many companies today to provide a prestigious address for their clients without the costs involved.

However, investing in the purchase of office space can have many advantages too, not least the appreciation of the asset. Choosing a premises to provide the right amount of accommodation can be difficult however when trying to take into account the potential future growth of the company. Office space not being used however can always be sub-let until needed in the future in order to generate income, with the agreement of the lender.

Many town and city centre offices are above retail premises and income can come from buying the building and letting out the shop below.

Once the right premises has been found, borrowing the money for an office space for a business should be a fairly straightforward process and there are many lenders today eager to offer a competitive deal on a commercial mortgage.

Our specialist advisers have a great deal of experience in commercial mortgages and they can help you find the best one to suit your business. Save time and money for your business by completing a Mortgage Enquiry Form and we will arrange for one of our experts to contact you. Alternatively, you can call us on 0845 108 0505.