STOCKPORT APPEALS TO COMMERCIAL PROPERTY INVESTORS

Stockport Appeals To Commercial Property Investors

The fortunes of the commercial property market and the domestic property market is often intertwined. When one industry is thriving and performing strongly, it can have a positive impact on the other sector. After all, if many people are moving to an area, a lot of businesses want to be located with these people. There is also the fact that if many businesses are opening in a certain area, this is likely to drive people to the area in the pursuit of jobs.

Therefore, the news that Stockport has been recognised as one of the leading north-west towns for commercial property investors to consider in 2018 is worth taking note of. This is the findings of law firm SAS Daniels LLP, who have classed several areas as being worth focusing on as they provide expected rental yields well more than the national average which stands at 4.5%.

Investors are moving away from major cities

The fact that investment property prices are rising in Manchester and Liverpool, investors can benefit more by looking outside of these major cities. With interest rates remaining at a low and acceptable rate for many investors, regional centres are becoming an increasingly attractive option for investors and businesses to consider.

The Head of Commercial Property at SAS Daniels, James Clark, released a statement, saying; “We’re seeing a number of investors capitalising on the lower cost of doing business in the North West, the enormous talent pool available, and the significant growth opportunities in the region. All the featured towns have an above average rental yield* for commercial properties of up to 9.5 per cent, which is significantly higher than the national average of 4.5 per cent. Our research showed that many of the leisure parks, industrial multi-lets and high street retail units in these towns are outperforming the market.”

There is strong interest in Stockport

At Spencer Harvey, we are not surprised at the increasing interest in Stockport. The town centre is undergoing a major transformation and the town is extremely well placed for both Manchester and London. This is the sort of connectivity that is crucial in the modern business world. It is likely that many firms and investors will be attracted to Stockport in the future and this can only be of benefit to the local property market.

There are significant property developments taking place in the property market in Stockport, and the promise of more jobs and industries in the area will create further demand for these homes. If you are looking to stay in touch with the latest Stockport property developments, make sure you stay in touch with a local property market specialist.

As Stockport property specialists, we are here to make a difference. If you are looking for assistance in this area, give Spencer Harvey a call on 0161 480 8888 or send us an email at info@spencerharvey.co.uk. For a free valuation please visit: https://www.spencerharvey.co.uk/valuation-enquiry.html

 

Image from Stockport Council's Prospectus of the Town Centre Plans

 



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