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I was wondering if someone knows of a way of finding out the recent sale and lease prices for an area please? It is easy with the residential but with the commercial, it is not that much as there are generally very fewer transactions however still if someone knows of finding out the recent sale/lease prices in an area that will be really appreciated!
Or may be I should really ask : how do other people go by this? Do they have a system which works? Obviously local knowledge and experience is the key here however having any sort of supporting data is always helpful.
The best advice I can give is speak to a Chartered commercial Surveyor. Other than that... land registry.
Harvey Pearson - Lex Allan Chartered Surveyors
Commercial Property Advisor / Investor
Land registry because all the leases longer than 7 years should be registered there? Yes?
Land registry for sale prices, agents have access to systems which will advise on £ psf achieved on leases.
Harvey, Thanks again.
Just wondering is the name of this system that you guys use - is this something you could please share or is it a trade secret please?
Totally agree with Harvey, no really other way.
The commercial market is very different to residential. Information isn't as freely available.
If it's posted in the internet, it's often difficult to interpret as there are many aspects which can distort a sale/headline lease.
Transaction data (rents/sales) is most often not published and shared only with other commercial agents on request.
Knowledge is power as they say and the information/experience a commercial agent has is what allows him/her to make a living.
A member of the public would find it hard going trying to build an accurate picture.
Sorry I can't be of more (any) help.
True! I thought no harm posting a question anyway in case I can get something but in all honesty this is what I was expecting!
Thanks for your reply anyway.
The Estates Gazette I believe have a comprehensive database
Rural Practice Chartered Surveyor. Experienced in estate management, residential investments, planning and development and rights for utility apparatus. All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.