With the country currently struggling to climb out of the recession that has held us in its grasp for the past several years, you could be forgiven for being wary about starting your own business until the economy has stabilised.
However, there is one place in the country experiencing a boom time for commercial property – in London, business has never been better!
Although prices are rather high for all types of commercial property compared to the national average, especially in the city centre, there are some genuine bargains waiting for you to take advantage of the thousands of people passing by on a daily basis.
For example, Elkay Properties are currently marketing an immaculately presented retail property which is located just off Brick Lane in Shoreditch. Lying on Bethnal Green Road, the 16,000 square foot shop has plenty to offer any potential tenant, from basement storage to WC facilities. Even better, it is available on a negotiable lease, so no matter how long you wish to be located in the heart of London, the landlord can accommodate your business. It is also only a ten minute walk from Weavers Field, so working in the busy city then escaping to a woodland haven on your lunch break could become a reality! Plus with an annual rent of only £24,000, generating a great annual profit for your business should be no problem at all.
Another fantastic retail property currently being marketed by Elkay Properties is a lock up shop, which would be ideal for use as an off-license, on Commercial Road, a thriving area in Whitechapel. Alternatively, if you are looking for something more diverse, Elkay have a warehouse that could be put to a multitude of different uses, such as an office block or art gallery.
Also, it is being let on either a floor by floor or as a whole basis, so if you’re looking for a small space in a secure building to launch your office-based company, this could be ideal for you. This property is located in Shoreditch, so it is perfect for local amenities and transport links.
So have a look on MOVEHUT’s website today and see if these properties, or any of Elkay Properties’ many other listings, could be just what you’re looking for in your London commercial property search.