Going rate for commercial property

[want2findout]

I've just posted this message in Home & Garden but then thought it was best suited to this categorie!

Can anyone give me an idea as to the going rate for commercial property per square foot? We're looking to rent out some office space.

[buildersmate]

Where? - the Isle of Mull or central London. It makes a difference.

[want2findout]

Sorry buildersmate... you're right! small village in south Wales!

[EverClean]

The other big factor is what type of commercial property? A farm will attract a hugely different rate from a factory or a workshop or offices.

This is a "how long is a piec of string" question.

[buildersmate]

I agree, guys, and to be honest my first reply was a bit of a wind-up. Giving you ideas of costs around here aren;t going to help in S Wales. I would ring a couple of commercial property agents locally, describe what you want (size, quality + purpose, which you've said) and ask for local advice. They are in the game of selling stuff, so advice is free from them provided you demonstrate some serious intent (by knowing what you are talking about).

[want2findout]

Sorry guys. It was a stupid question and I agree - prob best to find a friendly local agent. We're actually looking to build a workshop/office in our back garden. approx 5 x 5m log cabin for me to work from and rent from my husband and I as the business is a limited company. My accountant advised me to speak to a local estate agent re. going rate so that it gave us an idea of what to charge the business. Thanks for the replies though.

[muchlovex]

Hello,
It would depend on various factors about the Commercial property you intend to purchase. The prices vary drastically from what type of property it is ie, shop, warehouse.

Also the location and other major factors.

You would be better speaking to a Surveyor firm and speak to a member of staff who specialises in the commerical property sector.

[want2findout]

Thanks muchlovex

[muchlovex]

Sorry, I meant to say Chartered Surveying firm.

They may be able to offer a rough guide price over the telephone.

[buildersmate]

Beware the taxman wanting to treat part of any capital gain on your house (when you sell it) as 'business use'. But I'm sure your accountant will be able to advice you on how to prevent or minimise this.

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