Whether you’re a start-up wanting to agree on terms on your first office uni without potentially damaging long-term commitments or just requiring commercial space for a one-off project, short-term lets present the opportunity for both flexibility and freedom for you to take things at your own pace.
Something that people often forget is that commercial properties have their specific use classes, which have been determined by the Town and Country Planning Order 1987. This blog post will help you understand what each specific premises may be legally used for.
When it comes to the capital, one can’t deny that it can offer a lot to fledgling businesses and start-ups. Particularly when it comes to the pool of talent that is always right on the doorstep and the technological infrastructure of the city making it easy for young businesses to kick-start their online presence. Having said this, it’s crucial to note that there are numerous other regional cities also have lots of commercial benefits they bring to the table.
Mr and Mrs Gray had a portfolio of forty eight residential investment properties in London. The mortgages on the properties were through eleven different mortgage providers, and the portfolio geared up to an average 58 % LTV. The average yield across the portfolio stood at 7%.
Mr Shepherd approached us as he needed a commercial mortgage to purchase a warehouse he was renting. The freeholder was looking to retire and gave our client first option to buy. However, the deal required confirmation of funding and needed to complete within six weeks.
Property development finance is a type of short-term loan used for new builds, part-builds or property refurbishment schemes. For these types of projects a commercial mortgage is not an option since the properties are un-mortgageable. Therefore, property developers use development finance to give them the capital they require to complete these types of schemes.
Asset finance is a type of finance that gives businesses access to assets such as vehicles, equipment or technology, that they need to prosper and grow. It typically involves paying a regular fee to use the asset over an agreed period. The main advantage is that it avoids the business having to find the full cost of buying the equipment upfront and thus helps preserve working capital.
Nos. 55, 56 and 57 New Street, Chelmsford (collectively known as ‘Maynetrees’) is a Grade II listed building which formerly served as judges lodgings for the nearby courtrooms.
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