Quality commercial property is easy to find - with Showcase
Showcase is the UK’s leading search engine for business professionals and investors looking for their next quality commercial property to buy or rent. You can search through thousands of properties across every commercial property category - including office, industrial, retail and land.
Whether you’re a brand new start-up business looking for your first premises or an existing company searching for your next commercial property, one of the most important decisions you’ll have to make is whether to buy or to rent. This is a tricky decision to make, not least because your property could easily end up becoming your organisation’s biggest fixed asset.
Renting commercial property
There are many benefits of choosing a commercial property to let, instead of buying. For example, if you’re launching a new business, the best option is usually to lease your first premises.
One of the main reasons for this is that, depending on your specific situation, you’re unlikely to have sufficient funds to buy a commercial property, especially when you take in to account other initial start-up expenses like staff salaries, stock and company equipment.
Benefits of buying commercial property
Owning a commercial property can be a massive benefit to your business in that you have in your possession an asset that has the potential to grow in value.
Moreover, as far as the mortgage repayments are concerned, you’re likely to be paying roughly the same (or indeed lower) monthly fees than while renting - without the added worry of being suddenly subjected to rent hikes.
Another benefit when you purchase commercial property for sale - which might help you recover some of your outgoings and lead to extra income - is that you can sublet any spare commercial space within your premises to other organisations.