Combined with their forecast of 1.8% growth in the UK economy, 2025 looks set to be a good time for investing in commercial real estate.
If you’re looking to invest in commercial property in Durham, hiring an expert commercial conveyancing solicitor with local expertise can help you secure the best possible returns and stay on the right side of the law.
Our five tips for First Time Commercial Property Buyers cover everything from researching the market to securing capital investment.
But, first things first…
What is commercial real estate?
Commercial real estate (CRE) is property used solely for business or to provide workspace rather than living space. Typically, tenants lease commercial real estate to generate income.
There are several categories of commercial property, including:
Office buildings
Retail properties
Industrial properties
Hospitality properties
Healthcare properties
Specialised properties
Tip 1 – Find the perfect location
First, identify the commercial property type you want, e.g. an office, retail space or industrial unit. Then, consider the property’s location, size, and impact on your budget.
Once you know what you’re looking for, it’s time to find commercial properties that match your vision. Property websites, local newspapers, or commercial property agents can help you find suitable, affordable options.
After finding potential properties, arrange viewings to inspect them so you can assess their condition, accessibility, and potential.
For example, a city centre property may command higher rents but attract higher upfront costs. Similarly, suburban spaces are often more affordable but may offer less foot traffic.
The next step involves investigating the legal and physical side of the property and reviewing its investment potential. This process, known as due diligence, helps you understand potential challenges, such as zoning restrictions, property depreciation, or changing market conditions.
First-time commercial property buyers often benefit from detailed research and professional guidance. Toomey Legal can help you make informed decisions on planning permissions, leases, environmental assessments, surveys, and building condition reports.


Tip 2 – Plan Your Finances
Whether you want a commercial mortgage, business loan, or private investment, start by reviewing your budget and financing options.
As well as the purchase price, you should factor in property taxes, insurance, legal fees, and maintenance expenses. Commercial properties may also incur business rates, so having a firm handle on potential liabilities can make all the difference to your cash flow.
A financial advisor or accountant can help you budget and forecast revenue. They can also advise on tax benefits and other monetary aspects of your property purchase.
Detailed financial planning will prepare you for the short and long-term costs and responsibilities of property ownership, reducing stress and helping you secure the investment you need.
Tip 3 – Research the local market
A property’s location is key to its value and investment potential.
In regions like Durham, proximity to major roads, retail parks, or colleges can boost a property’s price and appeal, often generating greater returns.
Knowing where to buy – and when – can help secure your investment. Use online platforms and local property agents to stay informed about market trends, paying attention to details like rental returns, occupancy rates, and future developments. These factors can affect your property’s value.
You should also assess the competition and demand for your preferred property, as high interest can increase prices.
Finally, always match your property’s intended use to the location. For example, leasing a shopfront in a retail district will boost profitability.


Tip 4 – Seek Legal Advice
Commercial property transactions are often nuanced.
There are zoning regulations, building restrictions, and tenant agreements to think about. Property searches, title verifications, lease and environmental reviews to perform.
There’s so much to consider that seeking professional legal advice before agreeing to your purchase is crucial.
We’ll help you draft and review the sale contract, pay taxes like SLDT, and comply with local laws.
As expert conveyancing solicitors in Durham, we’ll advise you on specific checks and permissions you need in our historic town. (Delays or oversights here can lead to unexpected costs and legal disputes.)
Hiring experienced legal professionals minimises these risks and offers peace of mind so you can focus on getting the best possible return on investment.
Tip 5 – Hire a local expert
Local conveyancing solicitors are invaluable in places like Durham. Our knowledge of local property nuances, such as planning restrictions on heritage sites, will help you uncover issues like title and boundary disputes, ensuring your purchase is legally sound and financially secure.
From initial research to completion, Toomey Legal’s expertise covers all aspects of commercial real estate.
Save time, reduce stress, and safeguard your investment today.
