A Surge in Commercial Property Sales across Bedfordshire and Hertfordshire Offers Lucrative Investment Opportunities

Bedfordshire and Hertfordshire have witnessed a significant increase in the sale of commercial properties in recent years, offering investors ample opportunities to secure prime real estate assets.

The growth in demand for office and retail spaces, along with increasing prices, has prompted many businesses to explore options within the two counties, attracted by the affordability and availability of good quality commercial space.

Businesses Opting for Bedfordshire and Hertfordshire over London

In recent years, many businesses have opted to move their operations to the two counties instead of choosing a London address due to logistical and cost-saving benefits.

The proximity of Bedfordshire and Hertfordshire to London, along with major road and rail networks, make them ideal locations for business owners and investors.

Additionally, the development of new commercial spaces and refurbishments of existing properties has also contributed to the steady rise in demand. The increasing number of residential conversions in the area has, in turn, bolstered the commercial property market, as residents require local amenities and services.

According to Satchells.com, a reputable estate agency with a rich history of over 100 years in the property market, the two counties offer excellent investments in commercial spaces to suit every need, from shops and offices to warehouses and manufacturing units.

Data from the agency’s website shows that commercial properties across Bedfordshire and Hertfordshire cover an extensive range of sizes, locations, and types, catering to a diverse array of businesses and sectors.

The Statistics: Impressive Growth

Data from the commercial property consultancy Lambert Smith Hampton’s (LSH) Office Market Report 2020 demonstrates that the average prime rent for Grade A office space in Hertfordshire and Bedfordshire stands at approximately £28 per square foot, compared to £65 per square foot in central London. This discrepancy highlights the cost-saving potential offered by investing in commercial properties in these areas.

According to a survey by the business consultancy PricewaterhouseCoopers (PwC), St Albans and Watford in Hertfordshire ranked among the top ten UK cities for growth in 2019 based on economic indicators such as employment, population, business start-ups, and house price growth. Consequently, the increase in the number of businesses has driven a surge in demand for commercial property.

Comprehensive Property Listings

According to Satchells, the average sale price of commercial properties in Bedfordshire and Hertfordshire ranges from as low as £125,000 to as high as £3 million.

Moreover, the sizes of such properties are also remarkably diverse, with floor areas varying from 700 square feet in some instances to over 100,000 square feet in others. This variety caters to the needs of different businesses, whether they are retailers, financial services, manufacturers, or technology firms.

Satchells’ extensive database of commercial property listings on its website provides evidence for the encouraging growth trend in Bedfordshire and Hertfordshire’s commercial property market.

A cursory glance at the data reveals numerous attractive investment opportunities across various sizes, price ranges, and locations, representing the significant potential for investors to reap solid returns.

One of the eye-catching listings includes an office investment property in Waltham Cross (Hertfordshire) with a price tag of £1.2 million. The property comprises three office suites totaling 7,703 square feet and is suitable for various businesses.

On the website, prospective buyers can also find details of commercial properties available in prime Bedfordshire locations such as Bedford, Biggleswade, Dunstable, and Leighton Buzzard.

These properties present unique opportunities to invest in profitable assets in thriving local economies while enjoying the benefits of good value for money and excellent transport links to London and the rest of the UK.

Investing in the Future of Bedfordshire and Hertfordshire

With Savills reporting that the UK commercial property investment volumes reached £11.3 billion in the first half of 2019, it’s evident that investors are taking advantage of opportunities across the country, including Bedfordshire and Hertfordshire.

As the market continues to grow, the investment in infrastructure, such as the East-West Rail linking Oxford and Cambridge via Bedford and the planned expansion of Luton Airport, will likely boost commercial property investment in these regions further.

Estate agents such as Satchells play a crucial role in ensuring investors are guided through the buying process and secure the right property for their business needs at a competitive price.

By offering comprehensive listings of commercial properties for sale in Bedfordshire and Hertfordshire, Satchells enables investors to make informed decisions, taking advantage of the wealth of opportunities available in the region.

To find the perfect commercial property for sale or rent in Bedfordshire and Hertfordshire, visit Satchells’ website at https://www.satchells.com/commercial-sales.php today.

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