A commercial property is defined as property where the occupants are a business rather than an individual, such as shops, warehouses and offices.
The property can be just a commercial premise or it may be of ‘mixed use’ or ‘semi-commercial’ by including a residential element on its legal title such as a residential dwelling above or adjacent to the commercial dwelling.
An individual or company may occupy the premises to run their own business and this would be called a Commercial Trading Property.
Alternatively, an individual or company may purchase the property to let to another business and this would be called a Commercial Investment Property. Similar to an AST on a BTL property, a contract will be entered into between the owner and occupier of the property to set out the terms of occupation. The minimum term is usually three years and will often be considerably longer.
Are you looking to Let a Commercial Property, or run your own business?
Please give us a brief summary of what it is you would like to do and we will come back to you quickly to let you know how we can help. If you want to talk to us immediately, please call 01708 676 111.