You will need to factor in all of the costs associated with leasing a commercial space, such as security deposits, taxes, and management fees. It’s also important to negotiate a tenancy agreement that meets your needs and fits your chosen property.

If you want to live in a commercial property in the UK, you will likely need planning permission from the local council. The Local Planning Authority (LPA) will then make a decision over whether to grant or refuse your application.

In the UK, commercial rents are typically calculated using a formula that takes into account the property’s size, location, and age. In general, business rates are payable by tenants who rent non-domestic properties over a certain value. The average business rate in a commercial property for rent is around 50% of the annual rental costs for the property.

Foreigners can legally purchase property in the UK, regardless of whether they are UK residents.

Commercial property investment may be a good option for those looking for an ongoing income from their investments. These properties offer higher rental rates than residential properties, which can provide a steady flow of revenue.