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What are the prospects for the commercial property market?

Humberts have seen an increase in activity since the new Prime Minister, Boris Johnson has taken up his role.

Humberts Commercial Commercial Properties for Sale

Humberts have just launched Units 11 & 12 Apple Business Centre which are long leasehold properties at a guide price of £82,500 each and have already received strong interest from local occupiers as well as investors which is hopefully a sign of the market improving now we have some stability and have a clear direction for Brexit. 

Stephen Richards of Humberts Commercial comments “We have already received bids on Units 11 & 12 and expect to agree a sale within the next couple of weeks due to the levels of interest that have been generated via our database of potential purchasers and the advertising that we have carried out on our clients behalf.

We have seen an increase in enquiries from tenants and purchasers looking to invest in commercial property as their confidence grows which has been twofold. Recently we have had competitive bidding on Burrington Radar Station which is available at a guide price of £275,000 and on the letting of Unit B, The Old Court House, Honiton, proving that the market is seeing an increase in activity. Currently there is a lack of supply of commercial properties on the market but demand does not seem to be slowing up and the stuttering market that we received in May when the former Prime Minister, Theresa May left seems to be leading to excess demand at this time.”

Humbers Commercial Property Market UpdateHumbers Commercial Property Market Update 2To receive Humberts list of commercial properties that they are currently marketing then please do not hesitate to contact them on 01823 331 234 or at Somerset.commercial@humberts.com

Humberts Commercial Commercial Properties for Sale

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