Calling all companies looking to relocate/new premises
Discussion
Hi,
I'm a student studying Business Property Management at Sheffield Hallam and I'm due to be going into my 3rd year.
As part of my dissertation I am hoping to set up a business/project for finding suitable premises for clients looking to relocate in Sheffield and surrounding area and do not want to pay agents fees. I would welcome any size of firm and provide a professional and individually tailored service.
I aim to provide a similar service to that of a commercial property agent. My service will include a report outlining suitable properties with positives and negatives of each. The main criteria are building structure, market value, relevant future and present planning policies and guidelines, development potential if any, the current economic conditions and a future real estate strategy.
The client can then pick a their favourites if any, and I would be able to arrange viewings with the letting agent or Landlord, or if more detail is required then this would be dealt with.
My degree course has equipped me with the necessary skills to undertake this and I should be due to go into a placement. In addition I have a broad knowledge of Sheffield's main property sectors, office, commercial, retail and leisure. I also have an excellent support network at University and very knowledgeable contacts if the client requires reassurance.
Are there any companies out there that require such a service, which will be offered for free, please email me at athorby@hotmail.com with your initial requirements/ any enquiries would be welcomed, wherever you are in the UK.
I am also able provide a real estate strategy for your current premises or provide advice to any client that is currently undecided whether to relocate. This would be a report based document.
If you have any enquiries, queries or questions don't hesitate to email me.
Thanks in advance,
Kind regards
Adam Thorby
I'm a student studying Business Property Management at Sheffield Hallam and I'm due to be going into my 3rd year.
As part of my dissertation I am hoping to set up a business/project for finding suitable premises for clients looking to relocate in Sheffield and surrounding area and do not want to pay agents fees. I would welcome any size of firm and provide a professional and individually tailored service.
I aim to provide a similar service to that of a commercial property agent. My service will include a report outlining suitable properties with positives and negatives of each. The main criteria are building structure, market value, relevant future and present planning policies and guidelines, development potential if any, the current economic conditions and a future real estate strategy.
The client can then pick a their favourites if any, and I would be able to arrange viewings with the letting agent or Landlord, or if more detail is required then this would be dealt with.
My degree course has equipped me with the necessary skills to undertake this and I should be due to go into a placement. In addition I have a broad knowledge of Sheffield's main property sectors, office, commercial, retail and leisure. I also have an excellent support network at University and very knowledgeable contacts if the client requires reassurance.
Are there any companies out there that require such a service, which will be offered for free, please email me at athorby@hotmail.com with your initial requirements/ any enquiries would be welcomed, wherever you are in the UK.
I am also able provide a real estate strategy for your current premises or provide advice to any client that is currently undecided whether to relocate. This would be a report based document.
If you have any enquiries, queries or questions don't hesitate to email me.
Thanks in advance,
Kind regards
Adam Thorby
Alright. alright, I'm 
and 
as the perfect walk amongst us! 
Then the question is what sort of business model offers a free service? If the point of this is to examine the viability of a relocation service for the purposes of a dissertation, I think you'll need to address the issue of fees. I can guarantee you'll be marked down if you don't. Fees don't have to be the usual 10% of one years rent, or 2% of the purchase price; you could be more creative on this point.
and as the perfect walk amongst us! Then the question is what sort of business model offers a free service? If the point of this is to examine the viability of a relocation service for the purposes of a dissertation, I think you'll need to address the issue of fees. I can guarantee you'll be marked down if you don't. Fees don't have to be the usual 10% of one years rent, or 2% of the purchase price; you could be more creative on this point.
The Londoner said:
Alright. alright, I'm and as the perfect walk amongst us!
Then the question is what sort of business model offers a free service? If the point of this is to examine the viability of a relocation service for the purposes of a dissertation, I think you'll need to address the issue of fees. I can guarantee you'll be marked down if you don't. Fees don't have to be the usual 10% of one years rent, or 2% of the purchase price; you could be more creative on this point.
and as the perfect walk amongst us! Then the question is what sort of business model offers a free service? If the point of this is to examine the viability of a relocation service for the purposes of a dissertation, I think you'll need to address the issue of fees. I can guarantee you'll be marked down if you don't. Fees don't have to be the usual 10% of one years rent, or 2% of the purchase price; you could be more creative on this point.
Again the OP is a student looking to gain experience in this sector quote: As part of my dissertation I am hoping to set up a business/project for finding suitable premises for clients looking to relocate in Sheffield : that why its free. I am sure even as a scum bag student he / she understands that business needs to generate revunue and profit, but for the purposes of this exercise its a free service.
Good luck student person !!! I hope you take over the world of commercial relocation GRRRRRRRRRRRRRRR
jamesuk28 said:
The Londoner said:
Alright. alright, I'm and as the perfect walk amongst us!
Then the question is what sort of business model offers a free service? If the point of this is to examine the viability of a relocation service for the purposes of a dissertation, I think you'll need to address the issue of fees. I can guarantee you'll be marked down if you don't. Fees don't have to be the usual 10% of one years rent, or 2% of the purchase price; you could be more creative on this point.
and as the perfect walk amongst us! Then the question is what sort of business model offers a free service? If the point of this is to examine the viability of a relocation service for the purposes of a dissertation, I think you'll need to address the issue of fees. I can guarantee you'll be marked down if you don't. Fees don't have to be the usual 10% of one years rent, or 2% of the purchase price; you could be more creative on this point.
Again the OP is a student looking to gain experience in this sector quote: As part of my dissertation I am hoping to set up a business/project for finding suitable premises for clients looking to relocate in Sheffield : that why its free. I am sure even as a scum bag student he / she understands that business needs to generate revunue and profit, but for the purposes of this exercise its a free service.
Good luck student person !!! I hope you take over the world of commercial relocation GRRRRRRRRRRRRRRR
Yeah im with ya. It’s Adam, so im thinking it’s a he.
He's just after the experience, not necessary the Muller rice.
Good luck chap.
Yeah im with ya. It’s Adam, so im thinking it’s a he.
He's just after the experience, not necessary the Muller rice.
Good luck chap.
[/quote]
Hi guys,
Thanks for your feedback and positive comments.
I'm just after some experience in my field of work. I'm approaching me final year and nowadays it is crucial to have experience once you leave Uni so it is easier to get a job in the long run. In addition, I think my degree has equipped me with the necessary skills to carry out the job of a commercial agent and If I was on a placement year I would be doing such a job.
The only reason I don't want to charge for this service is because I thought it would make me stand out from the crowd and also I could maybe attract smaller companies that are looking to expand.
In term time I'm a student in sheffield which at the moment the city in undergoing a huge regeneration project where both the commercial and residential sectors are being developed. The office sector is staring to experience growth in Sheffield and rents are on the increase and it should be a good time to invest/rent. In addition, it seems as though city living apartments are coming up on every street and back alley and there is some serious investment going into this sector.
I came up with such an idea when I was in the local Indian restauraunt, the manager came out and used me for some free market research. Anyway we got talking and he said that he was thinking about relocating to a larger site however a) he didn't have the time to look himself, and b) he didn't want to pay agents fees so this got me thinking that I could offer such a service.
I would also being able to offer a service for property investment where I could find suitable premises not just for a tenant but from an investors point of view.
If you have any further enquiries or questions please email me on athorby@hotmail.com
Thanks again,
Have a good weekend,
Adam
Adam,
I commend your initiative but I must respond as I have 26 years of experience in this area. I have been a commercial agent for 11 years, a developer for 5 years and am now in the turnkey office fit out business in Central London.
Suffice it to say, you would do better to recommend your services to a firm of Commercial Property agents for free rather than try and undertake your business model as proposed.
I say this because you (perhaps understandably) have a rather naive idea in what is involved in commercial property conveyancing and how it works.
Commercial conveyancing is light years away from residential market
The residential side is merely a brokering service where the agent (acting for the vendor) more often seems to act against his clients than for them in his desperation to get a sale. It is a highly “unprofessional” business.
However, agents on the commercial side find themselves acting both on behalf of lessees/purchasers as well as vendors/lessees (although obviously not at the same time!)
You say that you are able to offer the same services as an established commercial property agent by including “a report outlining suitable properties with positives and negatives of each” which you deem to be mainly “the building structure, market value, relevant future and present planning policies and guidelines, development potential if any, the current economic conditions and a future real estate strategy.”
You then say you would “arrange viewings with the letting agent or Landlord”
What you completely fail to include is the ongoing negotiations with the vendors/lessees agent and the particular advice in relation to the lease terms, or in the case of a freehold, the title deeds (although these are usually mainly left to the solicitor).
Competing property agents work with and against each other all the time and the companies and individuals within these firms carry out other professional tasks such as rent reviews, valuations, surveys, rating appeals etc.
Competing agencies deal with each other on a day to day basis either in acting against each other for respective clients or with each other on joint agencies.
They get to know each other very well, both professionally and socially, build friendships (or make enemies!) and generally work closely together.
They are intimately acquainted with the market, the deals and the gossip on a day to day basis. They frequently ask each other for advice on rent review evidence, discuss deals down the pub, swap valuation evidence and are doing deals with eachother all the time.
This gives them an intimate and close feel of what the market is doing in terms of value, price, rent and yield.
Which leads me to delicately ask how on earth you think that you will be able to advise clients on value when you are inexperience and ignorant of the market and outside this magic circle.
And believe me, you’ll never get in it if you are offering your services for “free” and potentially taking the bread out of the mouths of these other property professionals with whom you MUST have a relationship or suffer huge detriment to your market performance and knowledge.
I am no longer an agent now, but am still in the business and I KNOW, that if a potential tenant (in particular) receives poor advice or decides not employ and agent to act on his behalf (to save the fee), they get shafted.
I have seen it time and time again.
They don’t get the full rent free period they should have, they get stitched on rent, shafted on lease terms, done on the dilapidations etc etc.
You name it, I’ve seen it.
Sorry mate, but if someone employed you now, hoping to both save money and receive the quality of advice that they’d get form and established pro, they’d be not only deluding themselves, but also placing themselves at financial risk.
Sorry mate. But I have to give it to you straight.
Good luck anyway.
I commend your initiative but I must respond as I have 26 years of experience in this area. I have been a commercial agent for 11 years, a developer for 5 years and am now in the turnkey office fit out business in Central London.
Suffice it to say, you would do better to recommend your services to a firm of Commercial Property agents for free rather than try and undertake your business model as proposed.
I say this because you (perhaps understandably) have a rather naive idea in what is involved in commercial property conveyancing and how it works.
Commercial conveyancing is light years away from residential market
The residential side is merely a brokering service where the agent (acting for the vendor) more often seems to act against his clients than for them in his desperation to get a sale. It is a highly “unprofessional” business.
However, agents on the commercial side find themselves acting both on behalf of lessees/purchasers as well as vendors/lessees (although obviously not at the same time!)
You say that you are able to offer the same services as an established commercial property agent by including “a report outlining suitable properties with positives and negatives of each” which you deem to be mainly “the building structure, market value, relevant future and present planning policies and guidelines, development potential if any, the current economic conditions and a future real estate strategy.”
You then say you would “arrange viewings with the letting agent or Landlord”
What you completely fail to include is the ongoing negotiations with the vendors/lessees agent and the particular advice in relation to the lease terms, or in the case of a freehold, the title deeds (although these are usually mainly left to the solicitor).
Competing property agents work with and against each other all the time and the companies and individuals within these firms carry out other professional tasks such as rent reviews, valuations, surveys, rating appeals etc.
Competing agencies deal with each other on a day to day basis either in acting against each other for respective clients or with each other on joint agencies.
They get to know each other very well, both professionally and socially, build friendships (or make enemies!) and generally work closely together.
They are intimately acquainted with the market, the deals and the gossip on a day to day basis. They frequently ask each other for advice on rent review evidence, discuss deals down the pub, swap valuation evidence and are doing deals with eachother all the time.
This gives them an intimate and close feel of what the market is doing in terms of value, price, rent and yield.
Which leads me to delicately ask how on earth you think that you will be able to advise clients on value when you are inexperience and ignorant of the market and outside this magic circle.
And believe me, you’ll never get in it if you are offering your services for “free” and potentially taking the bread out of the mouths of these other property professionals with whom you MUST have a relationship or suffer huge detriment to your market performance and knowledge.
I am no longer an agent now, but am still in the business and I KNOW, that if a potential tenant (in particular) receives poor advice or decides not employ and agent to act on his behalf (to save the fee), they get shafted.
I have seen it time and time again.
They don’t get the full rent free period they should have, they get stitched on rent, shafted on lease terms, done on the dilapidations etc etc.
You name it, I’ve seen it.
Sorry mate, but if someone employed you now, hoping to both save money and receive the quality of advice that they’d get form and established pro, they’d be not only deluding themselves, but also placing themselves at financial risk.
Sorry mate. But I have to give it to you straight.
Good luck anyway.
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