Services
While we are aware that many individuals and companies would like to invest in a UK commercial property, many do not have the time, inclination or knowledge to follow this up. LRI offer a “one-stop shop” service to make the process painless and stress free.
Source property
In a quiet market, LRI uses its industry expertise and agent contacts to find the best assets currently available.
Negotiation with vendor
LRI will target a yield which matches the client’s aspirations but between 6% and 10% is realistic and achievable.
Arranging Finance
If a loan is required, we have a number of banking contacts who we have successfully done business with in the past.
Due diligence
LRI organises all professional work including building survey pre-acquisition reports, legal searches etc. Tenant research is a priority and LRI have access to excellent credit checking facilities.
Purchase
LRI will liaise with the vendor and co-ordinate solicitors, SIPP Trustees and other involved parties, throughout the exchange and completion process.
Property and Asset Management
Post completion LRI will look after the asset; collecting rent, service charge and insurance monies, organising maintenance, arranging insurance and ensuring the building is compliant with health and safety legislation. LRI will work to maintain and add value to your property through intensive management practices and building excellent relationships with the tenants to ensure high occupancy levels.
Disposal
When the time comes to sell the asset LRI can advise you on how to do this to ensure best price and a quick, straightforward sale.
Quarterly
Market Update
May 2014: Occupancy levels continue to recover leading to rental growth (250k PDF)
Feb 2014: Commercial Property Ends Year
with Sharp Upturn (291k PDF)