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Domestic real estate represented the largest non-financial asset in the UK, with a net worth of £5.1trillion (2014). [3] Foreign investment plays a substantial role in the UK's real estate market, particularly in London, and foreign companies and individuals invested around £20billion in UK real estate in 2012. [4] [needs update]
Premises where tickets are sold and travel agents; Premises selling cold food (intended for consumption off site) Hairdressers; Florist; Funeral directors; Premises where goods for sale are displayed (a showroom) Premises where “domestic or personal” goods or services are hired from; Premises where articles are deposited for washing ...
Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land, warehouses, and garages. In many U.S. states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.
In a commercial property transaction in the UK, a heads of agreement is often known as the heads of terms (HOTS). The main purpose of the heads of terms is to identify and highlight the requirements of both the seller and the purchaser of the property. There are a number of advantages of using the heads of terms.
Estate agents who handle lettings of commercial property normally charge a fee of 7 to 15% of the first year's rent, plus the whole of the first month's rent. If two agents are charging 10%, they will split the fee between them. Estate agents selling commercial property (known as investment agents) typically charge 1% of the sale price.
The solicitor or licensed conveyancer acts on behalf of the property buyer or the tenant, and liaises with the local authority who are responsible for carrying out the local authority search. The timescale for the return of the search result depends on which local authority carries out the search.
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The company was established as F&C Commercial Property Trust in Guernsey in 2005. [1] Having launched near the top of the market, following the market downturn in 2007–2008, a merger with UK Commercial Property Trust, a fellow FTSE 250 property company was proposed in 2010.
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related to: commercial premises for sale uk