To Buy or To Rent: The Ins and Outs of Commercial Property


Investing in your very own commercial property, be it to buy or to rent, is a very big ( and important) step for your business. Having a Ground Zero for all of your sales, and for your trustworthy and loyal customers to meet you face to face, is vital when encouraging potential customers to visit your business over and over again. Once you know where your business will gain the most foot traffic, the next step you need to consider is whether you're going to buy your very own commercial property, or whether you're going to rent.

The Pros of Buying

Buying your own property means you have complete and utter control. You're able to place your name above the front door, design the interior how you like and stay in your desired location for however many number of years you want.


On The Other Hand...

While there are a great many benefits to having your own property there are a couple of downsides to consider.

  1. You're liable for any maintenance and damages which may occur in your property. However dealing with these the moment you find them can prevent them from turning into bigger, more costly, problems.
  2. If, after a couple of years, you decide to relocate you may find the process to be a long and complex affair. Selling commercial property isn't like selling a house and you may find yourself waiting longer than you expected for a potential buyer to cross your path.

The Pros of Renting

Renting  your property gives you peace of mind that there's somebody there to take care of any damages and maintenance issues you may be experiencing. It also gives you the ability to negotiate how long you stay in your desired property.


On The Other Hand...

Though renting your dream commercial property may be the best idea for you and your business, there are some key facts to consider before you agree to anything.

  1. If you want something done, you can't do it yourself. Your rented property isn't yours, remember. If you want any major changes, any fixtures seeing to or any damages repaired you need to wait for your landlord to deal with it.
  2. You may find that your landlord refuses to renew your short-term lease if they would prefer a long-term lease. Unless you're willing to agree, this may mean you have to close up shop early.

There are many advantages and disadvantages to buying and renting your commercial property. Our reliable, professional commercial property consultants in London are here to offer you expert advice on all aspects of commercial property. No matter what question you have, or concern you face, we're here to help set your mind at ease. If you would like to know more about our commercial properties, contact us today on 0208 863 8680

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on pinterest
Share on email



Don’t miss out on our opportunities

Advanced Search

Try Selecting Multiple Options to search

Recent Articles:

22 Lockdown Deals Done as opportunistic enquiries surge

In the 3 months since the nationwide lockdown commenced in late March, the Prideview team has dealt with an unexpected …

Read More

Covid-19 debate: Buy now or wait til September?

For anyone looking for investment opportunities, this is the key question of the moment. Listen to these highlights of a …

Read More

Infographic: Pro Tips for Landlords Facing Coronavirus

If you found this useful, check out our full analysis of these issues in our Complete Guide for Landlords Facing …

Read More

Current Opportunities

In Auction
£ 375,000

Vacant Shop & Flat, Feltham, Greater London

98 Harlington Road West, Feltham, Middlesex, TW14 0JJ
Current Opportunity
Call for price

McColl’s & Well Pharmacy, Manchester

183/185 Victoria Avenue, Higher Blackley, Lancashire, M9 0RB
Call for price

Nail Salon, Stanmore, Greater London

7 Buckingham Parade, The Broadway, Stanmore, HA7 4EB
In Auction
£ 2,350,000

Development Site with Planning, Leicester

510 Melton Road, Leicester, Leicestershire, LE4 7SP
Call for price

Gym & Cafe, Liverpool

Lower Ground Floor, Silkhouse Court, 7 – 17 Tithebarn Street, Liverpoool, L2 2DP
Call for price

Heron Foods, Crewe

Heron Foods, site of former Merlin PH, Bradfield Road, Leighton Crewe CW1 3RH
Call for price

Co-op Food, Loughborough

Co-Op KnightThorpe Road, Loughborough, Leicestershire, LE11 4JX
Current Opportunity
£ 1,000,000

Vacant Restaurant & 3 Flats with Development Potential, Newington

53-57 High Street, Newington, Kent, ME9 7JJ
£ 50,000

Vacant (To Let) Retail Unit, Doncaster

Formerly The Factory Shop, Scrooby Road, Harworth, Doncaster, Nottinghamshire, DN11 8JW

Vacant Former Post Office, Pinner, Greater London

Ground Floor Unit, 67 Bridge Street, Pinner, HA5 3JB

The Home of the Blue-Chip Investor

Click the logos below to see relevant investment properties