Commercial property use classes explained

In order to accommodate flexible working, companies need shared and collaborative workspaces. Businesses are demanding high indoor air quality and greater touchless technologies. Learn about the key types of commercial real estate so that you can explain how each has been affected by the pandemic. Our clients include urban development and regeneration companies, leading national home builders, major supermarkets and montclairbistro.com retailers, construction and infrastructure firms, hotel and leisure operators, SMEs and public and third sector bodies. We have strong links with English and multinational markets, and often work with clients south of the border where there is a Scottish element to their project. Whilst acting for a developer purchasing a commercial property, we identified that the property was the sole asset of a limited company.

We connected our client with an expert tax adviser who was able to confirm our advice and provide a saving to our client of more than £20,000. Our experienced team will carefully consider your matter to identify opportunities that may not have been explored. If value can be added with the input of other professionals the rest assured, we’ll know where to go and providing you with access to our professional network is just part of our service. Search through some of the businesses we’ve recently sold, or contact one of our local or sector experts to see how we can help you too. Here at Seddons, we take our knowledge of the market and combine it with our professional guidance to give our clients a pragmatic, efficient and reliable service.

As the UK’s market-leading commercial property destination, you can be sure your disposals are being seen by the largest and most engaged commercial audience. Commercial Real Estate differs from Residential Real Estate as the property is used exclusively for business and income-generating means rather than for living purposes. A piece of Commercial Real Estate is essentially a property that has the potential to generate profit through capital gain or rental income. Network of intellectual property professionals working to make our community more equal, diverse and inclusive.

Disposing of commercial property

Whether you’re a landlord, investor, developer or occupier, our leasing experts provide services to match. Whether buying, selling or renting a pub, bar, cinema, restaurant, gold course, or any other type of leisure property, we can help. Our team provides bespoke solutions to clients across all sectors, reaching from central London and into European markets. Our 34 experts advise owners and buyers on their commercial property options within central London.

  • Their local knowledge and expertise will help your clients navigate through the process.
  • As the UK’s market-leading commercial property destination, you can be sure your disposals are being seen by the largest and most engaged commercial audience.
  • Get expert advice for residential, commercial or rural property, grounded in our experience and knowledge of local, regional and international markets.
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Multi-family rentals have struggled, with many assets involved in the hotel and hospital industry. That said, the UK multi-family sector saw a record high investment of £3.5 billion across 2020, up 30% from 2019. Canadian real estate investment and management group Realstar was a significant contributor to this acquiring a portfolio of Multifamily and Student Housing, worth over £570million. Our award-winning property solicitors have a wealth of experience and practical knowledge acquired through decades of working on high-profile real estate projects.

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We also act for Self-Invested Personal Pension providers and SIPP investors in buying, selling or leasing commercial property through a SIPP. MacRoberts advises property investors on both commercial and residential property investment, including real estate purchases and sales for investment. Our award-winning team advises global and UK-based property investors across a wide range of sectors on the full range of legal matters relating to property investment. We’re particularly well known for our track record in advising on complex and high-value transactions, especially in the London market, but the expertise of our team is deep and wide ranging. We support clients on high-value investment instructions and substantial development projects, including business parks and mixed-use schemes. We are recognised as market leaders on major urban-extension projects, advising on master planning, construction, private energy and estate management structures.

From private individuals to public companies, we advise on a wide variety of commercial real estate transactions. So whether you are a sophisticated real estate investor, or you are looking to invest for the first time – we are able to offer the appropriate support to cover all situations. Our Commercial Real Estate team is able to work to tight deadlines whilst delivering dependable, practical and comprehensive advice. Our solicitors regularly write for professional magazines and have been quoted in the national news. Our property solicitors have worked in real estate finance for many years and have particular expertise in cross-border transactions.

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Aberdein Considine has one of the fastest-growing commercial real estate practices in Scotland. Below is the new commercial property use classifications that came into effect in September 2020, you’ll notice they use letters for each class and its subcategories, then numbers for the breakdown of a subcategory. This is so when you apply for planning permission or change of use, you can be clear about what you are looking to do.

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