As Commercial Estate Agents in Barnstaple, we specialise in the valuation, letting, sale and acquisition of businesses and commercial property in Devon including: Hotels and guest houses, pubs, restaurants, catering businesses, retail premises, business transfer, industrial and office premises, self catering complexes and investment property. Based in Barnstaple, North Devon, we are able to offer extensive Estate Agency coverage of Devon and the West Country to Buyers, Sellers, Landlords and Tenants alike.
We understand that selling your business is a difficult decision. You’ve worked hard to build your business or investment, so there’s every reason to seek help from understanding experts and try to obtain the highest possible price.
Valuing your business / property realistically is most important when starting the process. We offer a wide variety of services and carry out numerous valuations and sales over a broad range of markets. Below are some of the things which need to be considered when valuing:
- Financial: history of profit, revenue and cash flow (trading accounts)
- Premises – freehold or leasehold
- Fixtures and fittings
- Good will – i.e. your reputation among customers and potential customers
- The business’s reputation and longevity
- Condition of premises
- Planning permissions
Our market knowledge is unparalleled when it comes to selling businesses. Some of our selling features are as follows:
- No up-front fees
- Competitive fee structure, to include national, regional and local advertising
- Full colour details
- Web Site listing
- Tailored marketing programme to suit individual business
- Independent professional advice
If you would like to know what your business is worth, please contact us for a FREE, NO-OBLIGATION, CONFIDENTIAL market appraisal.
When assessing the rental value of your property Collyers agents will consider include:
- The size and condition of your property
- The location of your property and its proximity to transport links, amenities etc
- The recent and current market trends of similar properties
- Your property’s additional features
- The demand and supply factors relating to your property.
Before You Let Your Commercial Property
If you are thinking of letting your commercial property, you may wish to consider the following things:
Mortgage – If you have a mortgage on the commercial property you wish to let, you will need the permission of your lender to let the commercial property. Most lenders will gladly provide you with this
Lease Restrictions– If you want to let a leasehold commercial property, check your lease to see if there are any restrictions within it.
Safety Certificates – You will need to possess or attain certain safety certificates to legally let a commercial property that you own, which should be given to the new tenants before they move in
Gas / Electrics – All gas pipe work and appliances needs to be checked for safety
Building and Contents Insurance – You should inform your building and contents insurance company you will be letting your commercial property
Furniture – Check it complies with fire safety regulations. If not, you may need to remove these items and replace them with more suitable ones
Clean – You will need to clean your commercial property properly before the new tenants move in.
The law states that as a landlord you must make certain checks before you let your commercial property. Currently the following regulations apply:
The Gas Safety (Installation and Use) Regulations 1994 - This regulation stipulates that it is the duty of the landlord of any commercial rental property to have all gas appliances and their associated pipe work tested on an annual basis. A copy of the Gas Safety Inspection certificate must be left for the new commercial property tenants before they sign the tenancy contract
The Electrical (Safety) Regulations 1994 / Plugs and Sockets (Safety) Regulations 1994 - Supplying unsafe electrical equipment in rented accommodation is a criminal offence. As a landlord, you must ensure all you commercial property’s electrical equipment, appliances and electrical supply, is safe, and electrical items must be examined by a qualified electrician prior to the tenants taking occupation
The Furniture and Furnishings (Fire and Safety) Regulations 1988 - Landlord’s also have the duty of ensuring all upholstered furniture complies with these regulations. Using a Commercial Property Agent
For peace of mind, a commercial property estate agent, such as Collyers Commercial, is able to help you let your commercial property in a number of ways:
Marketing – We promote your property in multiple media, both on and offline, to present your property to a very broad audience
Specialist Knowledge – We know all the legal documentation you need to protect your property and rights when letting out your commercial property
Extensive Database – We have a range of clients looking for commercial property to rent, many which may be the ideal candidates for your commercial property
Cross Checks – We can investigate references from prospective tenants and even run credit checks, to ensure the financial stability and responsibility of any candidates who wish to rent your property.
Collyers Commercial’s professional letting agents can provide you with a value to successfully market your property. Please give us a ring or call into our office.
Please contact us for a no obligation business appraisal.