Seeking Advice on Attracting Businesses for a Mixed-Use Commercial Space in a Residential Area

[Osebz8]

Hi everyone,

I am exploring the possibility of leasing a commercial property with the aim of converting it from an office into a Mixed-Use Commercial Space. My plan is to partition the property and rent it out to businesses that can cater to and benefit the surrounding residential community.

The types of businesses I am considering include those that would be particularly valuable in a residential area, such as a pharmacy, dentist, gym, bakery, or similar services.

I am seeking advice on how to:

1. Identify and connect with businesses that may be interested in renting space in this kind of setup.


2. Understand their specific requirements, such as minimum space needs, lease terms, and the fees they would be willing to pay.



This information will not only help me plan and design the space effectively but will also be valuable in negotiations with the landlord regarding the lease terms. Additionally, gathering these insights could strengthen my case for investment by demonstrating demand and feasibility.

If you have experience in a similar project or any suggestions on how to approach potential tenants and gather this information, I would greatly appreciate your input.

Thank you!

 

[fisicx]

This could be very complicated. The needs of a dentist will be very different to gym or retail outlet. It’s also quite likely dissimilar businesses may not want to share the same building.

I suppose the first step is to see if you can get planning permission. Then embark on a marketing campaign with the local residents to see what they want.

 

[Osebz8]

This could be very complicated. The needs of a dentist will be very different to gym or retail outlet. It’s also quite likely dissimilar businesses may not want to share the same building.

I suppose the first step is to see if you can get planning permission. Then embark on a marketing campaign with the local residents to see what they want.

Hi,
Thank you for the reply. It is quite a large building with two entrances so one side could be grouped with a pharmacy and dentist and the other side Gym, physio etc. Planning permission should be fine and I have done checks on this. Offices, gyms, pharmacy, dentist are all in the same use class so no planning permission is required.

 

[fisicx]

In which get started on the market research. Find out if the local residents want a dentist, gym, cafe, shops or whatever.