"Were 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. "
James Clarke, Partner at SAS Daniels
Seven North West towns have been revealed as hotspots for commercial property investors in 2018, according to law firm, SAS Daniels LLP.
Stockport, Macclesfield, Chester, Congleton, Crewe, Middlewich and Warrington have all been identified as having rental yields well above the national average of 4.5%*.
With interest rates remaining low and investment prices in nearby Manchester and Liverpool rocketing, the firm believes investors are instead looking to regional centres for a better return on their capital.
As a result of the shift in habits the firm is seeing, it has launched a new interactive map for commercial property investors looking to explore regional hubs.
For those investors who want to explore outside the North West, Newcastle-under-Lyme, Shrewsbury and Wrexham also made the list, which is based on average rental yields, average commercial property prices, transport links and local development plans.
James Clarke, Partner and Head of the Commercial Property team at SAS Daniels, said: “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.”
SAS Daniels’ team of commercial property lawyers, who specialise in commercial property investment and management projects, found the North West to be competitive for both rental yield and average commercial property prices.
James Clarke added: “The North West is an extremely attractive region for investment and quite rightly so. A lot of focus has been placed on regional redevelopment and many investors can benefit from this. As specialists in a range of property matters including the sale and purchase of commercial investment properties, we see a wealth of opportunities on our doorstep in the North West.”
To see the full Commercial Property Map 2018 and to explore the benefits of investing in each town, visit www.sasdaniels.co.uk/commercial-property-guide/ or contact James Clarke on 0161 475 7676.
*based on the Savills UK commercial property report.