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Why is it important to use a Commercial Property Estate Agent? We are professionals who assist in buying, selling, and leasing commercial properties. We help businesses, investors, and property owners in navigating the complex process of acquiring or disposing of commercial real estate assets. The responsibilities of commercial estate agents may include: Property Valuation: Assessing the market value of commercial properties using various methods, such as income capitalization, comparable sales, and cost approach. Property Marketing: Developing marketing strategies and materials to promote commercial properties for sale or lease. This involves creating property listings, conducting advertising campaigns, and showcasing properties to potential buyers or tenants. Property Search: Assisting clients in finding suitable commercial properties that meet their specific requirements. This involves understanding their needs, conducting property searches, and arranging property viewings. Negotiations: Representing clients in negotiations with buyers, sellers, or landlords to achieve favourable terms and conditions. This includes discussing purchase or lease prices, contract terms, and other relevant aspects of the transaction. Due Diligence: Assisting clients in conducting thorough investigations and assessments of commercial properties before completing a transaction. This may involve coordinating property inspections, reviewing legal documents, and analysing financial data. Lease and Contract Preparation: Drafting and reviewing lease agreements, purchase contracts, and other legal documents related to commercial real estate transactions. Agents ensure that the terms are fair and protect their clients' interests. Market Analysis: Monitoring commercial real estate market trends, analysing data, and providing clients with insights into market conditions, investment opportunities, and potential risks. Client Representation: Acting as a trusted advisor and advocate for clients throughout the entire real estate transaction process. Agents aim to protect their clients' interests and achieve their desired outcomes. Our expertise and knowledge of local markets can be valuable for clients looking to make informed decisions in the commercial real estate sector. Contact MPK Commercial today: 01902 907222

Attention all landlords Is your property currently an E,F or G EPC rating? If so, we've got options to help you get to a minimum D rating FREE OF CHARGE! Get in touch today to find out more!

Our team had a busy day on Tuesday 27th June filming for Homes Under the Hammer. We went out to two properties for an initial valuation and offered our professional advise on what we think both properties would be worth renovated. We will be live on TV in September 2023. Watch this space!

Commercial rent review is a process that allows for the periodic adjustment of the rent payable under a commercial lease agreement. It typically occurs at predetermined intervals during the lease term and is intended to ensure that the rent remains fair and reflects current market conditions. Rent reviews can help both landlords and tenants by maintaining a balance between the rental income for the landlord and the affordability for the tenant. The specifics of commercial rent review can vary depending on the jurisdiction and the terms agreed upon in the lease agreement. Here are some common types of rent reviews: Upward Only Rent Review: This is a common type of rent review where the rent can only increase and cannot be reduced. It ensures that the rent will either stay the same or go up, based on market conditions or a predetermined formula. Open Market Rent Review: In an open market rent review, the rent is adjusted based on the prevailing market rental rates for similar properties in the area. Usually, an independent surveyor or valuer is appointed to assess the current market rent and determine the new rental value. Indexed Rent Review: With an indexed rent review, the rent is adjusted according to a specific index, such as the Consumer Price Index (CPI). The rent increase is calculated based on the percentage change in the chosen index since the last rent review. Fixed Percentage Increase: Some leases may include a fixed percentage increase for rent reviews. For example, the lease may stipulate that the rent will increase by 3% each year or every few years, regardless of market conditions. The specific procedures for rent reviews, including timing, notice periods, and dispute resolution mechanisms, should be clearly outlined in the lease agreement. It is essential for both landlords and tenants to carefully review and understand these provisions to ensure compliance and avoid any misunderstandings or disputes. In the event of a disagreement or dispute regarding the rent review, it may be necessary to seek professional advice from a surveyor, valuer, or legal expert who specializes in commercial property matters. They can help interpret the lease terms, assess market conditions, and provide guidance on the appropriate course of action. It's important to note that commercial rent review practices can vary significantly based on local laws and customs. Therefore, it is advisable to consult with a legal professional or commercial real estate expert in your specific jurisdiction for accurate and up-to-date information. Contact our Commercial department today for advice on your Commercial rent reviews: 01902 907222

There are several types of commercial properties, each serving different purposes and catering to specific business needs. Here are some common types of commercial properties: Office Buildings: These properties are designed for office-based businesses and include high-rise office towers, business parks, and single-tenant or multi-tenant office complexes. They often feature amenities like conference rooms, elevators, parking facilities, and common areas. Retail Spaces: Retail properties are intended for businesses engaged in selling goods or services directly to consumers. They can range from small storefronts in shopping centres to large malls and standalone retail buildings. Retail spaces may include shops, boutiques, supermarkets, department stores, and restaurants. Industrial Properties: Industrial properties are used for manufacturing, production, warehousing, and distribution purposes. They can include factories, warehouses, distribution centres, industrial parks, and flex spaces. These properties often have features like loading docks, high ceilings, and specialized equipment to support industrial operations. Hospitality Properties: These properties cater to the hospitality industry, providing accommodation, dining, and entertainment services. They include hotels, motels, resorts, bed and breakfast establishments, and vacation rentals. Hospitality properties may feature guest rooms, restaurants, bars, event spaces, and recreational facilities. Medical Buildings: Medical properties are specifically designed for healthcare-related services and facilities. They include hospitals, medical office buildings, clinics, outpatient centres, and specialized healthcare facilities. These properties often have specialized infrastructure, such as examination rooms, laboratories, and medical equipment. Mixed-Use Developments: Mixed-use properties combine different types of commercial properties with residential or entertainment components. They create integrated communities that offer a mix of residential, retail, office, and recreational spaces within a single development. These properties aim to provide convenience and a live-work-play environment. Special Purpose Properties: Special purpose properties are designed to serve specific functions or industries. Examples include educational institutions (schools, colleges, universities), religious facilities (churches, temples), recreational facilities (gyms, sports complexes), and government buildings (courthouses, municipal offices). These are just a few examples of the types of commercial properties available.

From emergency repairs to cosmetic changes, any work you do on your home should add to its sale price, or at least help retain its value. But if the improvement aren’t done out of necessity, think carefully about the changes you make as certain alterations add more value than others. A few things you could to to add value to your home can be minor such as improving the curb appeal, simply tidy up the front garden, wipe the front door, add some bright coloured hanging baskets just to make it more appealing to potential buyers. However, to ultimately enhance your property value look at fitting a new kitchen or sprucing up your current one. Kitchens are the heart of the home and the first room viewers really take note of! Making your property more energy efficient can increase the value, as we all know in todays climate saving money around the home is important. What adds most value to your home? Improvement Estimated cost of improvement Value added on average (%) Garden landscaping £2,750 77% Gym £10,000 44% Extension £80,000 37% Walk-in wardrobe £3,400 34% Jacuzzi/hot tub £6,000 27% New kitchen £7,500 26% Swimming pool £30,000 22%Est Basement conversion £90,000 17% Conservatory £9,000 10% Driveway £25,000 9% Wet room £7,500 7% Source: Post Office Mortgages

House Prices in Shropshire Properties in Shropshire had an overall average price of £292,686 over the last year.  The majority of sales in Shropshire during the last year were detached properties, selling for an average price of £418,607. Semi-detached properties sold for an average of £238,706, with terraced properties fetching £208,495. Overall, sold prices in Shropshire over the last year were 8% up on the previous year and 17% up on the 2020 peak of £250,731. Source: Rightmove Get in touch today for a FREE no-obligation property valuation!

List your property on our exclusive MPK Auction Day with Higgins Drysdale National Property Auctions Closing date: Friday 2nd June Auction date: Friday 30th June Contact us today to register your property or find out more!