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Historical Prices Of Commercial Property

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I'm getting fed up of waiting for residential property to come back to sensible levels and considering buying a commercial property with a view to renting it to the two companies that i run (who are both coming to the end of their separate office leases. At the moment my main company has a repairing lease and it seems to me that if have to pay to keep a landlords property repaired then it might as well be mine.

I read that commercial property is back down to 2001 levels and was wondering where i can find out historic price for commercial properties (or indeed for this specific commercial property) to try and support the miserly offer that I am thinking of putting in. As far as I can see the Land Registry seem to only have residential prices.

Any ideas?

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It varies from town to town and across industry sectors. A shop for example may be worth more than a similar sized industrial unit in a backstreet. The level of business rate will I think also play a part.

Although I hate to say it the people with at least a grasp of true values will the local commercial estate agents.

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It varies from town to town and across industry sectors. A shop for example may be worth more than a similar sized industrial unit in a backstreet. The level of business rate will I think also play a part.

Although I hate to say it the people with at least a grasp of true values will the local commercial estate agents.

thanks - do you know if there is any way that i can get a document showing the last price paid on the property and when it happened?

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thanks - do you know if there is any way that i can get a document showing the last price paid on the property and when it happened?

The only way I will know of is by looking up the street address in nethouseprices and the like. I know some are listed some are not. For example a property 3 doors up from mine sold and the selling price was recorded. My property is across two street addresses and was not. In any event in a lot of cases it is not only the property but the business which changes hands, in light of that there will be a figure agreed for fixtures and fittings and goodwill which will not feature as part of the property value.

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I'm getting fed up of waiting for residential property to come back to sensible levels and considering buying a commercial property with a view to renting it to the two companies that i run (who are both coming to the end of their separate office leases. At the moment my main company has a repairing lease and it seems to me that if have to pay to keep a landlords property repaired then it might as well be mine.

I read that commercial property is back down to 2001 levels and was wondering where i can find out historic price for commercial properties (or indeed for this specific commercial property) to try and support the miserly offer that I am thinking of putting in. As far as I can see the Land Registry seem to only have residential prices.

Any ideas?

Our the VOA figure for 2000, 2005, 2010 for a guide (multiply the rateable value by 20, assuming 5% yield).

Else www.eigroup.co.uk/ has much more data - but not free I am afraid.

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Our the VOA figure for 2000, 2005, 2010 for a guide (multiply the rateable value by 20, assuming 5% yield).

Else www.eigroup.co.uk/ has much more data - but not free I am afraid.

Sorry mate - i missed this reply. It sounds interesting but i'm not quite sure what you mean. Could you elaborate?

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Sorry mate - i missed this reply. It sounds interesting but i'm not quite sure what you mean. Could you elaborate?

I think what he means (although I could be totally wrong) is...

The rateable value of a property is what is considered to be its yearly rental cost , assuming this cost is a 5% yearly yield of its total value then to multiply it by 20 (as 5% is one twentieth of 100%) would give you an indication of its worth

Edited by scottw

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I think what he means (although I could be totally wrong) is...

The rateable value of a property is what is considered to be its yearly rental cost , assuming this cost is a 5% yearly yield of its total value then to multiply it by 20 (as 5% is one twentieth of 100%) would give you an indication of its worth

Just noticed you're also interested in the historical value , I presume this may be obtained in the WWW.voa.co.uk site the previous poster erm posted ..... sorry if I havnt been of any significant help (i do try)

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I think what he means (although I could be totally wrong) is...

The rateable value of a property is what is considered to be its yearly rental cost , assuming this cost is a 5% yearly yield of its total value then to multiply it by 20 (as 5% is one twentieth of 100%) would give you an indication of its worth

Yes - you are correct.

http://www.voa.gov.uk/

and ratable value for 2000, 2005 and 2010 are available.

Edited by easybetman

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
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