Thinking about the factors that you require carefully before starting a search for commercial property can save you time and effort. You maximum purchase price or rental value will be dictated by the amount the business can comfortably and realistically support, not just in the short term, but perhaps up to five or ten years in the future. There are of course other factors which you should consider before making an offer on a commercial property, the trick is to do your research thoroughly before entering into any agreement.
There is a shortage of quality industrial property, as the recent speculatively developed Pioneer Business Park, off Doddington Road has seen all units let shortly after completion.
Lincoln Office Property
There is a shortage of office property in Lincoln as the £2 million development called The Maltings at Brayford Wharf is fully let shortly after completion.
Lincoln Retail Property
Lincoln has a traditional High Street with over 300 stores. The recently developed St Mark's Square complex at the southern end of the High Street has 32 stores including Debenhams as the flagship store, while the 50 store Waterside Shopping Centre has Primark and other top retailers. There are out of town retail parks as well. With a vacancy rate of only 7.6% retailers in Lincoln are clearly doing well.
Lincoln Leisure and Tourist Property
Lincoln has 19 hotels in and around the city, not to mention guest houses and pubs offering accomodation. There is a wide and varied hospitality offer in the city.
Lincoln Property Development
Focussed on a new bus station for the city, planning approval for the Lindongate development has been given which will provide for further leisure and retail capacity, bringing a major department store to the city.