Thu, 21 Oct 2010 | COMMERCIAL PROPERTY
A recent report from property consultants Lambert Smith Hampton has revealed that the UK commercial property market is inundated with properties that were previously owned by councils across the country.
Public sector properties made up the vast majority of the property firm's autumn auction lots, with 100 of the 125 properties for sale being linked to councils in the past.
Amongst these buildings were offices, industrial units and care homes, which had been put up for sale prior to yesterday's government spending review, as councils attempted to claw back some much-needed money.
Fourteen industrial lots in Barnsley and a selection of office blocks in Leicester and Liverpool were on the chopping block.
Commercial investment buyers are showing most interest, as these council linked buildings can offer better value than other commercial property assets currently on the market.
Head of auctions Simon Riggall said, “Many of the investments up for auction have not been available in the market before. This creates a great buying opportunity - assets which have been tied up and unavailable are now appearing in the market,” he added.
This business presents an enticing opportunity with established relationships with blue-chip organisations globally, a strong client retention rate, and the potential for relocation.
Discover a quality-driven commercial cleaning business with a diverse client base and a solid reputation, built over two decades. .
This is a unique opportunity to acquire a well-established company with a strong reputation in the insurance market, known for its quality work and professional service. The company offers an excellent bolt-on opportunity for expansion into the North...
|
06
|
|
May
|
Listed Nottinghamshire hotel on the market at £4.2m | COMMERCIAL PROPERTY
The West Retford Hotel, an 18th century manor house hotel in...
|
06
|
|
May
|
UK administrations update: April 29 – May 6 | ADMINISTRATION
Since our last update, the following businesses have been co...
|
06
|
|
May
|
Insurance broker secures funding and announces client book acquisition | BUSINESS SALE
Delta Corporate Risk, an insurance broker headquartered in M...
|
06
|
|
May
|
Insurance broker secures funding and announces client book acquisition | BUSINESS SALE
Delta Corporate Risk, an insurance broker headquartered in M...
|
06
|
|
May
|
UK administrations update: April 29 – May 6 | ADMINISTRATION
Since our last update, the following businesses have been co...
|
06
|
|
May
|
Listed Nottinghamshire hotel on the market at £4.2m | COMMERCIAL PROPERTY
The West Retford Hotel, an 18th century manor house hotel in...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.