Although as a rule I never include links to other websites, as all my views and opinions are based on detailed research and my own personal experiences, I have to draw your attention to the BBC business news link below.
As you will see, the message from this is clear – shop buyers, beware!
This link shows nearly 20 major national multiple retailers who have suffered at the hands of the current recession and been part of the commercial property slump over the past year. Shop owners looking to sell, and shop buyers looking to buy, should be mindful of this report and that the worst is still to come. Experts predict that many more companies, especially retail companies, are on the road to fail which will cause commercial property values to slide even further. Most shop buyers are aware of this which is why they are either avoiding the market altogether or being very cautious when considering what to buy and how much to offer.
The number of shop buyers is dwindling from month to month as the retail sector is taking more of a beating than a skinny, unfit and ill prepared 18 year old facing the heavyweight champion of the world!