As a landlord or retailer, you may have considered applying for the change of use for your shop. As with any business, you have to be flexible and move with the times, or make a change depending on what the best use of the property may be.
Darling Properties has had to make decisions regarding change of use on a number of occasions, for example from A1 retail to A2 professional and financial services and from A1 retail to A5 takeaway, which can often add value to a premises and help to open up new possibilities in finding a new tenant, but this can also sometimes affect the value of the remaining part of a building.
If you are involved in a change of use scenario, it can help to monitor market trends and stay on top of what the market is doing. Please click here to read the Estates GazetteĀ Blog, which provides useful facts and figures covering many aspects of the property market.