Tuesday 28 August 2012

What can it cost to purchase a commercial property in London?


Hundreds of countless visitors are expected to attend the Olympic Games .Plaza estate, one of the famous   property agents, expert   services team is prepared to provide for any rush in demand for short-term accommodation in London Olympics 2012 and also Paralympics. These   factors unite to give   freedom and motivation to any business, corporation and provide motivation to small business owner. You will find out flats and houses easily available in East London to suit lots of budgets and together with the 2012 Olympics fixed to pour an abundance of funds into East.

If you are looking to acquire a central London properties, it will prove to be the best year to invest in London properties market. On comparing, for properties in Monaco we have to spend £1.2million, while other locations like New York, Hong Kong and Tokyo – we have to invest £2.8 million. The  commercial property  rates in the West End could range anywhere between £50-£70 per square foot for prime Grade A space – but an average of around £65 is probably about right. In the center of City, it’s around £45-£55 per square foot. Therefore the rate of properties is not so much. This rate is given by excluding  all running costs, repairs, all taxes, utilities and liabilities. In general, companies can possibly expect to pay approximately double the rent for the additional costs. For instance, if someone is   paying approximately £65 per square foot for prime south west   space then they are looking approximately £120 – 130 per square foot including rent, rates and service charge in the cost of house.

Independent commercial property agents like Plaza estate can   offer properties for sale in various part of London .You can take help from properties for sale in sw7 site to find appropriate properties in south west area.