Commercial property market 'flooded with council sites'

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.


Share this article



Latest Businesses for Sale

High-End Golf Equipment Supplier
UK Wide

Successful company operating for over 17 years. Provides a comprehensive range of golf equipment to satisfy all customer requirements, comprising clubs, clothing, bags, trolleys and complementary accessories. Significant scope to invest additional re...

Asking Price: Offers Invited
Turnover: £7,514,000

LEASEHOLD


Commercial Fit-Out & Facilities Management & Maintenance Services
UK Wide

Offers a comprehensive range of services, specialising in the project management and construction management of commercial fit-out projects. Operates from several strategically located premises in South England. Offers invited.

Asking Price: Offers Invited
Turnover: £4,201,901

LEASEHOLD


A LEADING PROVIDER OF SPECIALISED MOBILE DATA SOLUTIONS
South East, UK

Provides mobile data network solutions and services to businesses operating within a wide variety of sectors. Services include data SIMs with a fixed IP address, dynamic data SIMs, integration services, VoIP and virtual numbers. Serves over 790 activ...

Asking Price: Offers Invited
Turnover: £1,254,781

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
14
 
Aug
 

Trafford Centre up for sale after Intu administration | COMMERCIAL PROPERTY

Manchester’s Trafford Centre shopping mall is up for s...

 
13
 
Aug
 

Administrators bring three former Shepherd Cox Group hotels to market | DIVISION SALE

Administrators have put three hotels in the North of England...

 
12
 
Aug
 

Baird Group to close stores as CVA is approved | BUSINESS NEWS

Retailer and wholesaler Baird Group, the license holder for ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
14
 
Aug
 

Trafford Centre up for sale after Intu administration | COMMERCIAL PROPERTY

Manchester’s Trafford Centre shopping mall is up for s...

 
13
 
Aug
 

Administrators bring three former Shepherd Cox Group hotels to market | DIVISION SALE

Administrators have put three hotels in the North of England...

 
12
 
Aug
 

Baird Group to close stores as CVA is approved | BUSINESS NEWS

Retailer and wholesaler Baird Group, the license holder for ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources