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Old 25-06-08, 20:59   #1 (permalink)
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Default Finding premises.

Ok as you'll be aware from my intro post I'm planning on opening a retail shop in Kirkcaldy.

Question I've got is how do people go about the search for premises?
Currently I check Scottish Property Network and Listing prime shops to let, available retail units and retail space around the UK - shopproperty.co.uk very regularly to see what has come on the market and to review the
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Old 26-06-08, 11:37   #2 (permalink)
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Default Re: Finding premises.

Hi David,

The Scottish Property Network offer a service whereby they submit your requirements to an array of letting agents on your behalf. The agent will then get back in touch with you with a selection of close/exact matches to your requirements. This obviously saves you trawling through all the available sites.

Scottish Property Network

The majority of leases will want you locked in for about 3 years from my little knowledge, although be firm and aggressive when discussing things with the agents, they will bend over a bit to accommodate you too.

If there are things you're not happy about in the terms, make sure you tell them to their face to give them the opportunity to discuss it with their client to see if they can alter their demands.

I was going to do exactly what you're planning on doing about three years ago, and there is definitely (well there was back then, and there will surely be now) a high demand for that kind of market. I know at least 30 friends who would turn up for a regular session.

ESPC.co.uk etc, also have the ability for you to search for commercial properties only, if that helps at all. But nothing beats phoning up the letting agents in and around your area and telling them to forward you their latest list of properties that match your requirements.

Let me know how you get on! Would love to pop over and have a coffee once you're all set up!

Good luck with it all mate,

Stu
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Old 27-06-08, 14:34   #3 (permalink)
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Default Re: Finding premises.

I wasn't aware of the proforma that SPN have so I'll go down that route I think.
3 years might not sound like a long time but from a start-up perspective it does sound a bit daunting IF the business doesn't take off, or indeed if it does take off and I need a bigger shop...

Anyone else got some advice on finding premises and indeed negotiating leases? Can you do it alone or is it best to get the professionals involve when it comes to negotiations like these?
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