Five Major Types of Commercial Properties in West Sussex You Can Buy Today
People invest in the commercial property market for a variety of reasons, such as diversifying one’s portfolio of fixed assets and doing remodelling, alteration, or conversion works. Buying commercial properties in West Sussex and other places in the UK offers high and sustainable returns in the long-term.
CATEGORIES OF COMMERCIAL PROPERTIES IN THE UK
|Retail||Supermarkets, Shops, retail warehouses, and shopping centres|
|Industrial||Factories and warehouses|
|Leisure||Pubs, restaurants, gymnasiums, cinemas, and hotels|
|Alternative commercial property||Schools and petrol stations|
PREFERRED CHARACTERISTICS OF COMMERCIAL PROPERTIES IN THE UK
- Space allowance suitable for business
- Facility for sub-letting and parking
You will often require professional consultation from mortgage lenders, business collaborators, legal advisers, and surveyors. If you are presently looking for offices to rent in West Sussex, it is imperative for you to hire the legal advisers for preparing long-term business agreements along with extensive background checks on your tenants and the businesses they own.
- Construction and repair overheads
- Stamp Duty Land Tax
- Environmental compliance expenditure
- Maintenance and operational expenses
- Waste management costs
Never start a project where it is impossible for you to meet its legal requirements. If you are searching for offices to let in Gatwick at present, legal advisors and surveyors will be able to work alongside the councils for the approval of developments and plans.
LAND REMEDIATION RELIEF, BPRA, AND CAPITAL ALLOWANCES
You can team up with a credible property consultancy in the neighbourhood like the KBA Gatwick for investing in commercial properties in West Sussex.
Expenses claimed by a British business against its profit earnings. Note that the profit is subject to applicable taxes.
Business Premises Renovation Allowances
Corporations can receive 100% tax allowance for particular types of expenses. For instance, if an eligible unused business premise situated in a disadvantaged location is renovated or converted, it is likely to receive considerable allowances.
Land Remediation Relief
It is a corporation tax waiver that offers a 100% deduction along with the provision of a 50% additional deduction for eligible spending towards the cleaning of contaminated land provided by a third-party.
STAMP DUTY LAND TAX
|2%||£150,001 – £250,000|
THE BOTTOM LINE
Buying a commercial property is no doubt a lengthy and time-consuming process that necessarily calls for elaborate research and due diligence before you make an informed decision on your part.
If you are planning to explore the local property market of South East England anytime soon, you should seriously consider scheduling an appointment with a trusted property broker, such as the KBA Gatwick for investing in commercial properties in West Sussex.