Commercial Property Mystery?

By : Forum Member
Published 28th April 2014 |
Read latest comment - 28th April 2014

I have very little knowledge about commercial retail property however, something has been puzzling me for some time. Someone may know the answer to this.


There is a retail unit advertised available to rent in Central London, in the City area. Over a year ago, I phoned up saying I was interested, the estate agent who it's under, did not want to take down my details, said they had an offer. Anyway, 12 months later the place is still empty. So I phone up about 3 months ago, and say that I am interested, and the person again doesn't take my details, said they have an offer. No this is is not the first time this has happened to me. I let out a few properties that I own privately. Now if I had an agent letting my properties, I would want them to take down the details of all interested parties just in case any contracts fall through. With these properties, they seem not at all interested in trying to let the property. Am I missing something obvious? Is there some kind of scam that I am not aware of? It doesn't make rational sense at all? This is not the first property this has happened to. I can remember at least 2 or 3 other occasions where I was told that it's gone, with no details taken from me, and for me to find the properties still empty, a year down the line. It's mainly on retail units that I find this. Not on normal office space.


It puzzles me. Can anyone shed any light?


Ryan
Comments

Very odd, unless there's negotiations going on in the background for redevelopment by say Tescos, or change of use, eg turn it into a car park

But dunno why still advertise it unless it's on hold while negotiations continue?


Steve Richardson
Gaffer of My Local Services
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