Commercial Property for Sale in Liverpool
Purchasing commercial property is a large investment for someone to make. As a result, there is always a degree of apprehension when it comes to the process of buying a commercial property.
At Lyons Estates we understand this, which is why our team is on hand to help you make the best decision possible when buying commercial property in Liverpool. We have a team that understands the local market because we’re a local agency.
With Liverpool’s rise in economic prowess, the commercial property market is looking very healthy in the city. So investing in commercial property in Liverpool could prove to have huge benefits should the right deal come up for you.
What are the types of commercial property in Liverpool?
Liverpool is an economic hub full of national and international companies that have huge investments tied to the city. It’s no surprise as to why businesses are flocking to Liverpool to invest huge sums of money.
As Liverpool has attracted a lot of different types of investment in the last number of years there are quite a few industries that are leading the way. These industries are great opportunities for potential investors to consider investing in and they include:
- Tourism & Hospitality – In 2018 Liverpool attracted nearly 70 million visitors which was a 5% increase from the previous year. With such huge tourism figures set to return to these levels post-pandemic, there is a huge opportunity for investors. Hotels and retail properties would benefit hugely in this industry.
- Manufacturing – The UK in general is a manufacturing giant. It’s the ninth largest manufacturing nation and Liverpool plays a huge part in that. Many multinational companies have bases in the north west of England which employ thousands of workers from Liverpool. As a result there are huge benefits to investing in commercial property such as warehouses.
- Film & TV – Many hit TV shows and movies are being filmed in Liverpool which is attracting more outside investment. Liverpool is being seen as a great alternative to other popular locations like London due to its architecture and excellent facilities. Commercial properties such as studios and other filming spaces are seen as great investment opportunities.
- Business Services – Business services are key to the continual growth of the UK economy. Businesses have a variety of offices based in Liverpool which makes office spaces a great commercial property investment.
Important points to remember when buying commercial property in Liverpool
When buying commercial property there will be a plethora of obstacles and processes you will have to navigate. All of these are perfectly achievable to overcome but can cause headaches and confusion to the uninitiated.
Luckily, at Lyons Estates, we have staff who are fully versed in navigating these confusing processes and issues that can come with buying commercial property.
Here are a few important points to consider when buying commercial property in Liverpool which could save confusion down the line:
Ensure proper environmental and structural surveys are carried out of the property.
If you have plans to start further development on a commercial property you buy then due diligence is needed. Ensure proper planning permission is in place so you’re not left disappointed down the line.
Make sure you know full well the boundaries of your property. You want to know how far it reaches and what the purchase agreement stipulates.
Seller’s title to the property
The title deed of a property refers to the person who owns the property. You need to ensure the seller’s name is in fact on the title deed.
Is the seller planning on doing any further works to the property once it is sold? This needs to be confirmed before an agreement is made.
Is commercial property a good investment in Liverpool?
Liverpool is a powerhouse and the only city in the north west competing with Manchester.
Its diverse culture and vibrancy make it a place where tourists and businesses alike want to come. Liverpool also has excellent transport links to other parts of the UK and the rest of the world, making investment here even more attractive.
The city is very affordable when compared to other top UK cities. This is a very attractive quality for budding workers and students who want to make Liverpool their home. As a result, there is no shortage of good workers for businesses to cherry pick from.
As you can see there is a long list of reasons why Liverpool is not only a good investment but a great investment when buying commercial property.
Businesses looking to avoid long-term contracts may consider renting commercial property in Liverpool instead.
Lyons Estates – commercial estate agents in Liverpool
If you are interested in buying commercial property in Liverpool, then our team of experienced estate agents would love to hear from you.
Buying commercial property can be a huge investment which is why we ensure clients feel comfortable and at ease when purchasing with us.