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Following an influx of enquiries over the weekend from commercial landlords looking to use the latest offer(s) available at TR Lettings, we are happy to announce that commercial landlords are also welcome to use the system too.
As residential buy-to-let property continues to be a popular option right across the UK, commercial lettings have many advantages for investors too. These include higher yields, longer leases, being able to hold tenants responsible for internal and external repairs (in some circumstances), as well as investors being able to increase the value of their asset through enhancements to the rental income.
As when compared to the transactional cost of purchasing a residential property, in particular above £250,000, the taxation of commercial property deals is significantly less expensive; following the recent Stamp Duty Land Tax (SDLT) changes set out in the last Budget. This means that commercial/mixed use transactions are no longer charged SDLT at a single rate on the whole amount. Instead, each band of tax is now payable proportional to the whole amount; therefore benefiting commercial investors for transactions under £1.05 million. So for someone holding a buy-to-let portfolio of flats costing around £250,000 each, it may well be worth considering broadening the portfolio to include a commercial property investment.
The Budget also had extra good news for commercial occupiers, in the form of small business rates relief increasing to properties with a rateable value up to £15,000; previously £6,000.
TR Lettings deliver a highly professional and efficient residential and commercial lettings service to landlords and tenants. Whilst embracing the principles of customer care, their aim is to provide unrivalled expertise in our market place, backed by a team of dedicated professionals, extensive property marketing and market leading property management software.
Their fully focused team of friendly and courteous staff assists UK landlords in the process of finding the most suitable tenant – from as little as £55!
Commercial Landlords: View TR Lettings Package Details by clicking here.
Commercial Tenants: Why Rent through us? Click here to find out what we can offer you.
I didn’t know you did commercial lettings, as well as residential. Interrrrrresting…
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