As we approach the end of 2014 there has been a distinct improvement in market sentiment in commercial property generally, as the year has passed.
I am really pleased to report that we have assisted Clients in achieving some amazing sales, where we ended up exceeding the asking price by a considerable margin.
In fairness though, much still depends on the potential of the property concerned and which parties happen to be looking at the critical time. As an agent, we see it as part of our role to manage these situations to the best advantage, ensuring that all our properties gain maximum market exposure.
A notable success was the sale of Union Street/Northgate Huddersfield for a property company Client.
During 2014 we have seen a steady increase in instructions to provide purchase report valuations, for Clients who are interested in investing in commercial property. We have been out to inspect function hall sites; historic buildings; retail premises and so on.
Another interesting expansion has been in brokering off-market deals on development land. We see it as our role to target the right party; put parties together to move forward on gaining planning or to bring in a volume house-builder where appropriate. Using our long-standing knowledge of the industry and our networks we are able to add value and facilitate such projects. Plus a good sprinkling of lateral thinking can make all the difference in these situations!
It is a well-known fact that many areas are short of housing but is important to be realistic about commercial viability and how to fund development.
We look forward to the New Year with renewed confidence and we would not be at all surprised if, given our usual vigorous and sustained effort over the year to come, we can report back that 2015 was even better than 2014!