Scooby96

Anyone know where I can get an idea of prices for Haywards Heath?

If I were to sub-let from someone who already has premises would the price per sq ft be the same, be more or be less due to not be the leaseholder??

What sort of rent-free period should I try and negotiate for, obviously as long as possible but where do negotiations start without me offending them?

Cheers

S96

PPPMAT

Best thing is to ring an agent in Haywards heath - act daft and they will give you an idea. If you are subletting then you will most likely rent at the 'passing' or same level of rent. Some people ask for a profit rent (ie over and above the passing rent) but avoid this - it is a try on. Rent free - go for a 5 yr term with a 3 yr break and ask for 6 months rent free. You might settle at 4. All depends on where the propety is and what state its in. In fact without any real knowledge of the property my advice is next to worthless so be careful. Rent free's vary dramatically. Also if you sublet - this is likely to be outside the landlord and tenant act and so you will have no automatic right to renew - worth thinking about.

Get some advice mate

Scooby96

The other thing is I reckon they got the lease on the cheap (2 yr lease) cos the building is under threat of redevelopment although it has been for the past 20 years. The whole premises must be c.1500sq ft with the part I want accounting for only 250sq ft (approx 17%).

Chrisgr31

Is the basic answer. You need to speak to a commercial agent who knows about values in Haywards Heath. You ideally should ask the agent to negotiate on your behalf. The investment in his fee could well be self funding in the short term, and even if not in the short term, will probably avoid hassles in due course.

Checks need to be made to ensure that there is the right to sublet etc. Whether there should be a profit rent depends on when the head rent was agreed, whether you are taking all the space, whether the head rent was agreed with professional advice.

Too many people take commercial space and decide to save the cost of agents as they ca do as well. As a commercial surveyor if I want my car fixed I go to the garage, I don;t do it myself. Getting a professional to do a professionals job is a good idea

Chrisgr31

They may have got it cheap becuase of threat of demolition. However generally the smaller the amount of space, and the shorter the term the more you pay per sq ft.

In your case if the overall rate was £x sq ft, the rate for your bit could easily be £1.5X sq ft.

PPPMAT

Chrisgr31 is right. I am a commercial agent too - for such a small deal, ask a local agent to advise you for a fixed fee. You will get the money back and probably more in the negotiations any way so just do it. They will also give advice on redevelopment and your rights (which I suspect will be none)

Matt

Scooby96

When an agent gives a price per sq ft - is that monthly or annually?

Scooby96

or weekly ???

fitzscoob

our factory in herts is £7 per square foot, per annum

if it was per month id be ****ting bricks

Scooby96

Ok cool, just been quoted 15 for a retail outlet with High Street frontage! Doesnt seem too bad at all.