add value to property

How to add value to your commercial property

Commercial property is often seen as a long-term investment with incremental year-on-year gains. However, there are some ways that you can increase the value of your commercial investment.

How can I add value to my commercial property?

Commercial property is often seen as a long-term investment with incremental year-on-year gains. However, there are some ways that you can increase the value of your commercial investment – we take a look at the simplest methods of doing so which won’t cost you a fortune.

How to improve your commercial property

If you’re the owner of an industrial property, this may be easier said than done. However, whether you own a warehouse, retail outlet or residential property, you can add instant perceived value by maintaining the perimeter, ensuring the façade is neat and tidy and the car park, if appropriate, is well-delineated as well as keeping the area litter-free. Any garden areas need to be regularly maintained, the grass cut and the weeds dug out.

Retail and office spaces will benefit from modern, secure, energy-reducing windows and doors which will not only let in more light and reduce noise but also demonstrate that you’ve invested in your property. If the interior of your property is looking a little dated, get it professionally decorated in neutral shades. This is a sure fire way of attracting the right attention from quality tenants – they can either simply occupy the property and start trading or can stamp their own individual touches on it. Also consider the utilitarian areas of a property – kitchens and bathrooms in particular. If you wouldn’t want to use the facilities why should your tenants?

Find Commercial Property

Regardless of your commercial property requirements, our team of experts are perfectly placed to help give you the right knowledge when you need it the most. Browse our available commercial property here. If you can’t find what you’re after or have any other queries then please contact a member of the team who will be happy to help.

How to extend your property

If you can extend your property to increase its size, you can either get more tenants in or charge more rent. You will need to seek relevant planning permission before you alter your building. However, if you can’t extend, think about maximising the rentable square footage. A qualified surveyor may be able to help you re-evaluate the space and add to the area that you can charge rent on – for example, a large but under-utilised reception area may be able to become a rentable room in an office block or an unused attic space could become an extra bedroom.

Suggested Pages

Increasing your properties' rent

Perhaps the simplest and most cost-effective course of action is to raise the rent. However this has to be tempered with the knowledge that if you raise the rent too much, your tenants may leave and you may have a vacant property on your hands which will generate no income whatsoever. Do your market research carefully and evaluate what the ceiling is for similar properties in your area. If you find you are charging too little, write a clause into the rental agreement at renewal time that the rent will increase in line with market values. This will be especially relevant if you’ve recently made improvements to the property.

Can I re-evaluate my business rates?

If you’re paying a substantial amount of business rates ask your local assessor to re-evaluate your property. It could be that the current rateable value is based on an assessment which was done at the height of the property boom and could be reduced, saving you money.

If you need advice or information on any aspect of commercial property ownership, leases or valuations, contact the Eddisons team. Our experienced and professional staff can offer you confidential advice on your commercial property portfolio.

Experts in commercial property

Contact our team of leading auctioneers, property agents, and RICS-qualified surveyors today.

Get in touch with the Eddisons team

Please contact us for more details and information

Pages Related to How to add value to your commercial property

The impact of location on commercial property values
The impact of location on commercial property values
How can you improve your EPC rating for commercial properties?
How can you improve your EPC rating for commercial properties?
The importance of security at empty properties
The importance of security at empty properties
Rent reviews: why you should use a chartered surveyor
Rent reviews: why you should use a chartered surveyor

Why Choose Us

There are plenty of commercial property agents out there, but we believe our combination of local expertise and nationwide backing gives us the edge. We have an unparalleled knowledge of local values and buyer and tenant demand in our target markets, combined with a broad range of services performed by industry specialists. In short, we know how to buy and sell commercial property.   

Take a look at our available commercial properties or find out more about commercial property buying, selling and letting. We can also help you buy and sell land. Alternatively, please contact our team to discuss a commercial property with our agents.

Your Agency Team

Stephen Hawkins
600 x 630 Steve Hawkins

Stephen Hawkins

Regional Managing Partner

View Profile
Adrian Lunn
Untitled design 31

Adrian Lunn

Director

View Profile
Julian Welch
Julian Welch new

Julian Welch

Director

View Profile
Alan Gray
Untitled design 59

Alan Gray

Property Administrator

View Profile

This site uses cookies to monitor site performance and provide a more responsive and personalised experience. You must agree to our use of certain cookies. For more information on how we use and manage cookies, please read our Privacy Policy.